Land, labor, capital, and entrepreneurship are the core component of any business production process. However, proper leadership is needed to ensure all of these elements work together seamlessly. All successful organizations need effective leaders. They are especially invaluable in regards to formulating and communicating new strategic directions, as well as communicating with and motivating employees to be proactive in enabling the company to reach its organizational goals. Steven Rindner says that while there are multiple leadership positions at an organization, the role of a Chief Executive Officer (CEO) is the most important one among them
A CEO is basically the highest-ranking executive in any business organizations. While they have numerous vital responsibilities, their key ones would be making major corporate decisions, acting as the main point of communication between the board of directors and the employees, as well as managing the overall operations and resources of a company. Steven Rindner points out that the overall efficiency and competitiveness of a CEO tends to have a major impact on the overall success of a business organization. Hence, to be able to optimally excel in this position, It is vital that these professionals have certain qualities.
The important qualities and traits of a good CEO as pointed out by Steven Rindner include:
- Courage, passion, and intensity: A good CEO is always magnetized towards innovation, progress, and change. They do not believe in business stagnation, and tend to always look towards the future and set new ambitious goals. They try to proactively take initiatives that help in business progress and growth, and are prompt to capitalize on opportunities that take their business to the next level. CEOs do not risk and inhibitions get in between their intensity and passion for growth and development.
- Resilience and drive: Good CEOs know that taking risks and making large-scale changes can go on to end up in exponential growth or huge losses. However, they do have the capacity to bounce back even after meeting huge losses. CEOs are always open to learning from their mistakes, as well as strive to turn unanticipated situations into positive results.
- High emotional intelligence: Modern CEOs are well aware of the fact that without proper collaboration and coordination among diverse stakeholders, no business can enjoy good success. Hence, these professionals work towards building strong networks and mutually-beneficial relationships. They always maintain a warm, easy to approach, a trustworthy and uplifting demeanor that inspires trust. While being the key decision-maker of a firm, it is vital that CEOs make employees feel valued and integral to the company’s success.
In addition to the above-mentioned qualities, having good communication skills is of utmost importance for CEOs. Active engagement with the board of directors, investors, stakeholders, and employees would help a CEO to ensure smooth operations at their company. Such internal, cross-functional collaboration can only be possible if a CEO has good communication skills.