As you progress through your career and ascend the organizational hierarchy, you learn a lot about leadership skills and leading teams. At some point, you become a functional leader with the responsibility to lead and take care of a team of co-workers. That implies leading, inspiring, and protecting that team. Things change when you decide to move on to become a CEO.
When transitioning to a CEO role, your remit becomes too broad to remain focused on the needs and tasks of any single unit within the larger organization. The wider scope and scale of management responsibilities require a different set of leadership and management skills. Your role as a CEO will cover strategic, organizational, and operational aspects of management as opposed to a narrower scope of a functional leader.
Let’s take a closer look at what it takes to make a successful leader, moving on from your current, however effective, a leadership position. To become James Bond in the management world. We look at the required education levels, types of motivation to draw on, and some general tips based on best practices and the experience of the world’s leading CEOs.
No matter what you are told about formal education becoming a bit obsolete, take those claims with a grain of salt. Indeed, there are some exceptions to the rule (e.g., Mark Zuckerberg never completed either of his two majors), but don’t interpret those exceptions to turn a blind eye to established practice. Formal education remains a standard requirement for a CEO, especially if your goal is to join the elite club of CEOs managing Fortune 500 companies.
This means that undergraduate and graduate degrees are a bare minimum, but if you are serious about it, you should consider obtaining an MBA. The MBA from a reputable business school (e.g., the magnificent 7 business schools, whose degrees are coveted in all corners of the world) may well be your ticket to the club.
You should consider experience, your specific job requirements, and your age when choosing the right type of MBA program. These vary from traditional full-time to part-time, executive, and online programs. While most MBA applicants are aged between 26-28, you should not feel discouraged from applying if you are older. You just need to consider your overall career objectives and aspirations, assess your current professional development requirements, and identify the type of traditional or non-traditional MBA program that will help you achieve your goals.
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While people might have different types of motivations, we focus on the three major ones. Either of those three or some combination of theirs serves as a major driver for leaders aspiring to become CEOs.
It is perfectly fine to have a personal ambition to excel in your role as a CEO. You are up for fierce competition, so you should realize that you are embarking on a long and thorny road full of challenges and surprises. Just make sure you take a long-term view of your career, think about the big picture, and find your place in it.
Determine the ultimate goal and work backward to identify steps to achieve your vision. You can always rely on research paper writing services who come to your rescue to alleviate your academic workload.
Many successful CEOs identify themselves with a specific company. Their loyalty to a brand becomes so powerful that it becomes a fused version of personal and company goals. The merger serves as a perfect driving force for executive leaders to seek excellence that caters to the needs of the company as well as of the individual.
Value-based motivation could beat all other types of motivation. When you decide to stick to a certain set of values, even at the expense of personal or professional development needs, you can move mountains. The impact of your achievements will be more than just a mere total of your achievements.
We have already touched on the required and desirable levels. I’d just reiterate that you need to match your educational efforts with your career goals, experience, and age.
Strategic thinking & adaptability
Whatever educational level and university you pick, strategic thinking skills are an absolute must. You cannot make a great CEO if you can’t see the big picture, think out of the box, push the envelope, and adapt to changing circumstances. Make it your goal to improve them as part of your continuous learning. Engage with great strategic thinkers and planners. Talk to them and learn from them as part of your routine.
Constantly work on your communication skills. Clear communication is a prerequisite for success. Importantly, you should be even more concerned with what people understand you are telling them rather than the clarity of your message only. After all, what others think you mean is more important than your intent.
Those involved in social media marketing would know this all too well. Practice clear communication and regularly check for understanding to ensure you are not misfiring. Even though now a bigger part of communication is done by gadgets – you still have to be focused on what and how you are saying.
A pragmatic lunatic
Finally, strike a balance between the impossible and the practical. As an ambitious CEO, you want to aim for what looks impossible to rivals. At the same time, you don’t want to bite off more than you can chew. Aim high but stay practical. Remember that some of the most inconceivable ideas are often achieved through perfectly practical means. Find that fulcrum that helps you achieve the impossible.
The road from team leadership to a CEO role is full of challenges. It takes a lot of dedication, continuous learning, and strategic focus to develop as an inspiring and forward-looking manager who can see far, have clear goals, adapt to changing circumstances, and act as a role model for others.