Wednesday, July 8, 2020

CEO Insider

What Makes Extraordinary CEOs And Entrepreneurs Different?

Unhappy business women thinking

It is believed that truly effective CEOs and entrepreneurs breed success. Undoubtedly, average business leaders expect nothing more than “Mediocrity.”

Today, I’m going to share few qualities that the brightest of the best CEOs and Entrepreneurs have. Effective and efficient business leaders are perseverant, creative, patient and goal-oriented.

1. The Commander – Most top CEOs and investors, or “thought leaders accept full responsibility for all actions and never points fingers or blames colleagues. He’s the true face of the company.

2. The Transformer – An extraordinary business leader inspire their employees  to act and think like a leader.

Most employees trust their business leaders to make ethical and moral decisions. “Leaders don’t create followers, they create more leaders.” – Tom Peters, one the most influential business thinker of our age.

Here’s one example, The  Fortune Magazine recently released its inaugural list of “The World’s 50 Greatest Leaders” and only one banker rated inclusion. You will have to read all the way to No. 49 to find Westpac Banking Corp chief executive Gail Kelly.

You’d be surprised only other reference to financial services was No. 18, American Express CEO Ken Chenault.

Which brings us back to the question, why bank chiefs barely rate as world’s greatest leaders? The Answer to the question is that the “Banks and the Financial Services” sector, in general, are the least trusted of industries globally.

In order for bank CEOs to be included on any “great leaders” list, trust with employees, customers, partners, and shareholders must be strong.  Treating employees with respect and operating with business practices that are transparent is the type of leadership that will be recognized and eagerly followed.

Unhappy business women thinking

3. The Motivator – motivate others to work as a team at or near their peak level. “A leader is best when people barely know he exists, when his work is done, his aim fulfilled, they will say: we did it ourselves.” – Lao Tzu

4. The Visionary – Most successful leaders set a vision that gives the organization a tangible direction. He/she uses the SMART criteria for setting goals. Goals and objectives should be Specific, Measurable, Attainable, Relevant and Time-bounded.

According to Colin Powell “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.”

Would love to hear your thoughts and experiences!!!

Dr. Amarendra Bhushan Dhiraj
CEO and editorial director of the CEOWORLD magazine, an extensively kudized author, noted journalist, syndicated columnist, and ostensible entrepreneur. Follow him on Twitter, Facebook or connect on LinkedIn.