What kind of person is the Best CEO for a Business?

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Qualities of a good CEO
CEO is the acronym for chief executive officer whose principal work in the business is to drive the thinking of people about the company and also plays a key role in determining the market value of the business. The qualities of a person in terms of leadership skills determine whether one can make a good CEO for business.
The best person for a CEO should have knowledge about the market. Knowledge about the current supply, demand as well as the general price level helps the CEO in determining the effective price level for the goods.
Good leadership skills are also a major determinant of the ability of an individual to make a good CEO. Innovative nature of a person improves his performance in the business environment in that it helps the individual to anticipate and come up with a design of strategies meant to combat the effect of change. Innovative leaders in business also lead to increase in the profitability of the firm in the long run.
Still under leadership skills, one needs to be a risk taker to be regarded as a potential CEO for business. He or she needs to do an evaluation that is in depth of the probabilities of the outcome of activity before taking the risks. If an individual fears taking risks, then he or she will lag behind his or her competitors. Ability to take risks also needs the guidance of the principle of not jeopardizing the profitability of the company.
A good CEO should have an optimistic spirit even when faced with challenging situations.

The optimistic nature helps him to think outside the box and come up with strategies for solving the problem and at the same time inspiring others to always have a positive spirit and attitude towards a situation.
Ability to take actions defines the potentiality of a person to make a good CEO. This is because a CEO is always required to take measures on time depending on the factors of the environment at work. The ability to take action needs one to make careful thoughts and analysis of situations. At the end of it all, after designing the strategies meant to combat change, enhancement of the profitability of the firm should be a priority.
An individual with inherent ability to lead a business as the CEO should be coordinative. The coordinative nature of a person helps other people within the organization to contribute their ideas towards the active management of the firm. Also, it enhances teamwork. Allowing other members to put forward their views encourages teamwork and coordination.
Effective communication is another necessary leadership requirement for a good CEO. Good skills to communicate are based on ability to use relevant skills and a simple language that all people within the organization can understand. Good skills in the use of vocabulary imply that one can accommodate people from different cultures.
Good communication skills will help one to communicate the vision of the organization and also provide the strategic direction to all concerned individuals until they understand. Ability to communicate effectively means that at the end of it all decision-making becomes easy. A Clear description of the vision of the business enhanced through good communication skills means that all people become critical determinants in the success of the firm (Deeter-Schmelz et al. 17).
The CEO is entitled to the role of allocating resources within the business. Therefore, for one to make a good CEO, he or she should understand the importance of opportunity cost and also choice making. This means that one needs to have experience in dealing with allocation of resources and the budget. Ability to efficiently allocate resources within the business implies that the right training and positions are given to people hence leading to a good team.
Culture building is another important aspect for the success of the business. For culture, building to take place the leader which in our case is the CEO needs to incorporate teamwork in his leadership skills. Culture means a set of goals, behaviors as well as attitudes that define a group of people.
A good CEO should ensure that culture is built within the involved individuals so as to positively influence the experience of the employees as well as improve the experience for the customers. Leading a group of people with a common culture and behaviors implies that all the staff possesses certain working values from top to bottom. The result is that respect and safety of all the affected persons are enhanced (Weinbach 65).
The CEO is often tasked with the responsibility of making almost all decisions of the business. A real decision maker means that one can make a good CEO. Good decision making also entails the ability to employ inclusive decision making. Ability to involve others in decision making promotes a common culture and also the achievement of the set objectives and goals becomes easy.
Though an individual needs to employ inclusive decision making, one needs to be an independent decision maker in order to make a good CEO. Independence when it comes to decision making means that when under pressure due to time constraints one still makes the right choices.
Also, the ability of an individual to make decisions after combining reasoning and intuition means that he or she can make a good CEO. Thinking occurs when a person uses the facts and figures available so as to make decisions.
Intuition, on the other hand, is the use of the feelings of the gut and conscience as well to judge the effects of an individual action. It is in most cases guided by past experiences and personal values of a person. Good CEOs should evaluate their feelings closely to justify their actions.
In general, an individual needs to be an efficient decision maker so as to be a good CEO whereby his or her decisions are capable of implementation at a personal and organizational level. Also, a good CEO should be in a position to persuade other people of the merits of their decision.
Another important feature of a person to make a good CEO is an ability to oversee performance and also deliver results. In most cases, the CEO may be the sole determiner of the fulfillment of the business. Therefore, a good CEO should take an active role in ensuring achievement of the goals and objectives of the organization.
Also, the individual needs to be well versed with the industry and the type of goods that the business manufacturers so as to make a good CEO of that business. To succeed in the achievement of the goals, ability to execute tasks becomes a major determinant whether one can make a good CEO or not.
Ability to oversee the performance of the business requires one to have good personal and interpersonal skills so as to work with the community and the outside environment in general.
Credibility regarding what an individual communicates determines whether he or she can make a good leader or not. It means that when one communicates, he should talk nothing but the truth. If an individual loses credibility through telling of lies, then it means he or she cannot make a good CEO since he or she cannot lead successively.
Ability to always communicate the truth accompanies competence when it comes to leadership. For one to make a good and successive CEO, he or she should have enough information about the business. Power requires an individual to have a deep understanding of the products and also the willingness to learn from others as well as adapt to new working environments.
Good CEOs need to know about their personal strengths and weaknesses as well as the strengths and weaknesses of their team. Having such awareness makes them hire a productive individual with the missing skills within the business.
Problem-solving is a key determinant of the successfulness of any leader whether at the firm or family level. Good CEOs should always tackle both good and bad news on collision with care and maturity. A quick assessment of problems and involvement of the necessary personnel means that an individual is a good leader and such can make a good CEO.
It all goes around that no business is successive without the involvement of a strong management team. As such, a person with the ability to make a good CEO should lead each of the members in knowing that all of them may result. Ability to develop a foundational strength means that one can mentor his or her subordinates.
Personal attributes such as compassion, caring, and love also determine whether an individual can make a good CEO or not.
Under the concept of compassion, one needs to understand that the business or the organization is composed of people with feelings and emotions such as pain and suffering. The employees may suffer illnesses such as cancer and may face untimely death of their family and loved ones. In all those circumstances and situations of suffering, a good CEO ought to at least bend some of the rules and regulations for the affected employees.
A good leader who can make a good CEO ought to be caring. Having all the competencies, credibility and also leadership skills will foster achievement of the goals of the organization, but the lack of care will hinder.
Willingness to learn from previous mistakes makes a CEO a good leader. Learning helps one to adapt to changes quickly and also implement new methods of production in the market environment.
Also, a good CEO should listen to people whether or not they are the ultimate decision makers. One should know that if the opinions of the other employees do not matter, then their performance becomes poor. Ability to listen to other people means that an individual is likable and respected. A good CEO should look to other workers so as to make them feel part of the business rather than feel like tools and machines used to push the organization towards the achievement of its goals (Bateman et al. 43).
Hard work pays. A good CEO should work hard and not act just as a figurehead but rather as an example to others. To get that top-earning job that is, the CEO, one needs to demonstrate his or her ability to work hard and also to work smart.
Other than hard work, to make a good CEO, one should recognize the effort and go an extra mile of rewarding it. Acknowledgment of work well done through complementation and rewarding encourages and motivates all people to function better. Recognition of effort can take the form of bonuses, trips, and parties.
Confidence and courage often define characteristics of a good leader. It should also be the case when it comes to the definition of a good CEO in that most of them are leaders of the business. Good listening skills, intelligence, integrity, persuasiveness, passion, and ability to admit mistakes make a good CEO.
It takes a little leader whose aim is to provide and deliver to the society in general to be a good CEO. The interests of the community who are the customers of the business should come first in the mind of any CEO.
CEOs acts like any other leader within the society, therefore, they should always serve as examples to everyone especially to the community as a whole. For organizations whose aim is to choose the best CEOs for their businesses, customer satisfaction should be the guiding principle as well as the needs and the desires of its employees. Professional qualifications act as just a part of a good CEO.
Works Cited
Bateman, Thomas S. “Leading with competence: Problem‐solving by leaders and followers.” Leader to Leader 2010.57 (2010): 38-44.
Deeter-Schmelz, Dawn R., Daniel J. Goebel, and Karen Norman Kennedy. “What are the characteristics of an effective sales manager? An exploratory study comparing salesperson and sales manager perspectives.” Journal of Personal Selling & Sales Management 28.1 (2008): 7-20.
Weinbach, Robert W. The social worker as manager: A practical guide to success. Allyn & Bacon, 2007.