The role of a CEO requires dedication and hard work. Effective and successful leadership is the most crucial aspect of any company or organization. But what makes a good leader? The following are Top ten CEO skills.
1.Ability to build loyalty and trust
Relationship-developing skills and alliance of a new degree are required of CEOs. Besides building and managing good relationships within the company, CEOs should also build external loyalty and trust. This helps to establish strategic relationships and alliances with external associates such as customers. To develop loyalty and trust, CEOs should inspire their employees to embrace the organization’s vision and view relationships as crucial improvements.
2. Strong communication skills
Communication is vital in any setting and a good CEO should know how to communicate effectively to enhance moral when necessary. From motivating his or her team to complete projects promptly, a CEO must precisely describe all the requirements. A Navalent study conducted on Developing Exceptional Executives showed that top executives should be consistently transparent and balanced in their communication. They should efficiently and effectively translate their view of business potential and challenges, as well as expectations for action using direct, brief and readily understandable language. CEOs should devote time to their connections.
3. Tying Strategy to Execution
Establishing a master plan is not enough. For excellent performance, a CEO should show employees how their day-to-day work boosts the long-term plan. The CEO should also help them set smart goals, and measure their progress steadily.
As leaders, CEOs should perceive, control, understand and evaluate their emotions and those of their employees. Emotional intelligence enables leaders to influence, inspire and motivate others. Self-mastery involves insight into your own strengths, developmental requirements, as well as the discipline and willingness to use your strengths for the benefit of your employees. Self-mastery also implies that learning is a tool to further improvement.
5. Motivating others
Motivation requires a interpersonal awareness as well as the ability to understand employee’s requirements and needs, and responding to them correctly. Although the role of motivating is delegated to the organizations’ human resources department, it is still crucial that the CEO takes the responsibility of motivating employees in the organization.
6. Building relationships
A CEO should establish relationships with co-workers and clients to be successful. Relationships enhance loyalty and an image for the CEO as well as the company. Good relationships also promote great word-of-mouth. Although your business might not run solely on that type of marketing, it’s always a benefit.
A CEO must understand matters in and out of the workplace. Workers are people with lives outside of their jobs, and in case of an emergency, a CEO should put himself or herself in the position of the employee and allow the worker to take care of it. The risk of making mistakes is far higher if an employee is not focused and thinking about other things. A CEO should also understand that some things may get out of control. In sales, for example, a customer might suddenly change his or her mind. A CEO must accept and understand the situation and handle things wisely.
8. Market and Customer Knowledge
CEOs cannot effectively lead if they don’t know their products, suppliers, customers, and competitors. Failure to do this effectively can negatively affect competence and credibility.
9. Masterful Execution
It involves the use of suitable methods of power, both informal and formal to motivate stakeholders and colleagues into action to accomplish the required objectives and tasks. It also entails understanding methods of creating focus around crucial priorities as well as building the capability to deliver the best results. If the strategy can not be executed, it is worthless, even if it is good. Proper execution also needs the discipline of evaluation to know what is working and what is not. This evaluation is useful to make necessary changes to improve results.
10. Employee Development
This is a vital strategy for retaining employees. The best employees want to be part of something special. CEOs should set a clear vision and show employees how their contribution could support it. Besides, they should come up with tools and processes to develop employee talents.