Executive Education

Skills That Every CEO And CFO Must Possess

In the world of the 21st century that is touted as an enigma of interconnections and ensnared in prompt and intensified competition, entrepreneurial leadership has gained a colossal amount of interest all around the globe. The predicament of the Information Age is founded at its very core and is said to be conceiving new-age ideas for the individuals or corporations setting their foot ahead in entrepreneurism.

Entrepreneurial leadership is predominantly known as an innovative business venture as to bringing something new to the market. It is through the process by which individuals pursue opportunities. And CEOs and CFOs are regarded as motivated individuals to the highest level of degree.

Thus, it becomes essential for every CEOand CFO aspiring to see themselves as successful entrepreneurs or already existing ones, to develop the requisite skills.

While one definitely needs to have spunk and patience to launch and establish a new business, there are other skills as well that need to be equally nourished and work upon.

  1. Ambition
    Ambition can be described as having a strong urge to pursue and ultimately attain a worthwhile goal. When the going gets tough, giving up appears to be the easier option in sight, however, it is the ambitious and the determined ones who sail through the storm. Ambition drives an individual to work hard regardless and can drive anyone to triumph and satisfaction.
  2. Willingness to learn
    Learning is a lifelong process that does not stop at the mere age of graduation. As an entrepreneur, the journey requires one to become the version one has not been before and deal with situations that one has never experienced. One of the most important characteristics one needs to own up is the willingness to learn and grow. This offers a very straight stairway to success.
  3. Creativity
    Exploring creativity is exploring oneself. Being creative is embracing originality and making unique connections between seemingly disparate ideas. Creativity is about seeing and communicating the extraordinariness out of the simplest things. Producing creative ideas every day is not easy, but possessing this skill is extremely important in the success of a business.
  4. Assertiveness and Confidence
    Being assertive and confident is alluded to one’s capacity to figure one’s feelings, to standing up for oneself, and to communicate in a non-forceful conscious manner. It means to listen to others and acknowledge their thoughts but also knowing when to say no. Along these lines, such conduct makes a win-win circumstance for both sides.
  5. Ability to listen
    Communication is a two-way street. In order to communicate effectively, one must not only be able to put one’s own points across the table but also must pay attention to other people’s motives, thoughts, interests. Listening holds great prominence in any organization, as it helps better understand others, establish better relationships at work, fosters collaboration, and results in the personal development of an individual.
  6. Perseverance
    Perseverance is what allows an individual to keep going on. Perseverance encompasses what it is to fight until the end, to reach completion defying the odds. It is what one needs to overcome adversities and setbacks.
  7. Courage and Risk-Taking
    Last but not the least, Courage and risk-taking, the highly prized virtues. In order to manifest one’s creation, one must have the courage to act upon those ideations. To take the very first step, one would need to have the courage. Courage is not about not having fears at all instead, it is about the power of overcoming those fears.Nobody achieves their dreams by playing it safe. Taking risk requires courage to, stand up against the fear of uncertainty, and there is no loss in the process. No matter the outcome, one only grows and learns.

In this age of Information Economy, where lines are blurred between digital, physical, and biological spheres, the going gets tough for the entrepreneurs when they have to innovate rapidly in order to outpace their competition. However, working on the above-mentioned skills might make it easier for them. Each of these skills can be developed, but of course, require dedication and trust in oneself.


Written by Palomi Gupta. Have you read?

# Best CEOs In The World: Most Influential Chief Executives
# These are the World’s most traffic-congested cities, 2020
# Ranking of the World’s most (and least) stressed cities with the most burned-out employees, 2020
# Ranking of the World’s most economically influential cities, 2020

Respond

Palomi Gupta
Palomi Gupta is a student of journalism interested in the intersections of lifestyle, education, business, media and more. She has been writing consistently since school level and is a core team member of Research and Content Writing Societies of college. She is also a proficient speaker, having and experience worth several events including debates, Model United Nations, etc. Palomi Gupta is an opinion columnist for the CEOWORLD magazine. Follow her on LinkedIn. She can be reached on email palomi-gupta@ceoworld.biz