The reality is that not all CEOs are great CEOs; but there are plenty who are known for being great role models and excellent at their job. So, what actually makes a great CEO? Is there some magic formula that we can use that can just produce one highly effective CEO after another? The reality is that it’s not quite as simple as that.
Some of what makes a great CEO has to lie within the person themselves, but there are skills which can be developed to help someone become a high performing CEO. We are going to take a look at some of the leadership skills that can help someone to be defined as a great CEO.
The ability to trust
There are still some leaders around who believe that there is a need to micromanage individuals in their organisation. The reality is that the vast majority of people take pride in the job that they do. They also relish the opportunity to be trusted and empowered. CEOs who have the ability to trust in people, and give them the freedom to do their job and shine, reap the rewards of being well respected.
The ethos of working together
Too many leaders fear giving any type of decision making power to other people. They see it as weakening their position and they are afraid of other people stealing their thunder. This type of leader does not make a great CEO. It’s important that the CEO of a company has the confidence and ability to open the decision making process to all. Everyone working within a company should be encouraged to put forward ideas and opinions. There is never going to be a time when all good ideas and decisions come from one person. A great CEO realises this and recognises that the strength of a company comes from all of its parts.
The ability to communicate
The ability to communicate is something that everyone working within a company needs, not just the CEO. The problem is that sometimes people at CEO level became a little insular in their thinking. They only see the need to communicate with those that they are directly involved with. This is completely the wrong attitude to have.
A great CEO knows the importance of communicating with everyone in the company. If they are open and communicative with the company employees then the employees are more likely to be honest with them. This open two way communication is important if a CEO wants to keep their finger on the pulse of the company.
All of these skills are vital if someone wants to be a great CEO. One way to test these skills is by utilising a professional leadership assessment. This type of assessment helps to underline any weaknesses that may be present in a leader. Of course, strengths and weaknesses should also be apparent in the way a CEO works in a company on a day to day basis.