Capital, labor, land, and entrepreneurship are four of the key elements of production. Leadership is a crucial factor that ensures that every element of a business would work together in a seamless fashion. Without effective leadership, all the other resources of a business organization would not be able to perform in an optimal fashion. Ram Chary underlines that good leadership plays a key role in make sure that the operation of a business organization goes on in a smooth fashion. Chary is the executive vice president of the Global Commercial Services. Having extensive experience of being in a leadership position, he has a good idea of how important an efficient management team is in an enterprise.
Ram Chary talks about the characteristics of a good CEO
Chief executive officer (CEO) is essentially one of the most crucial leadership positions of a business organization. The key responsibilities of a CEO include making almost all the major decisions related to the organization. The CEO acts as a leader of the firm tends for the diverse stakeholder groups related to the organization. In some cases, the CEO might even share their duties with the COO or the Chief Operating Officer of a company. Ram Chary underlines that the CEO of a company is largely responsible for acting as the main point of contact between the board of directors and the other stakeholders of the firm. Chary has managed a host of businesses and global operational functions over the years and is quite knowledgeable about the diverse elements of the corporate world. He underlines that in many cases, the CEO of a firm tends to be the public face of the business organization as well.
Due to the great importance of the job of a CEO, it is imperative that companies search for a good candidate who can effectively fill out this position. There are several characteristics a CEO should have, in order to perform his/her tasks in the most efficient manner. Here are a few of those characteristics:
- Ability to learn and improve: A CEO should have the capacity to learn from their past experiences, and subsequently try to instill the lessons learned in their future. The instances of trials and errors are there in every business, it, however, is important that people learn from those mistakes. CEO should try to formulate improved business strategies on the basis of their past mistakes and negative contingencies.
- Good communication skills: Strong communication skills are incredibly important for any CEO. Communication essentially is the key for any person who is in a leadership position. Professional CEOs should be able to communicate effectively in order to boost the confidence and morale of their team whenever necessary. From motivating their business group in an effective manner of completing their projects in time, the CEO of a firm must have good communication skills in order to complete a host of important tasks.
Ram Chary highlights that a good CEO should also be willing to take calculated risks to augment the profit opportunities of an enterprise.