Answer To: Leadership Essay: Leadership Success Length:2500 words (+/-10%) Task Jim Collins stated that a...
Priyanka answered on Sep 29 2021
1. In today’s turbulent world, how should the success of CEOs be evaluated?
Today's world is highly turbulent and the CEOs have to be extremely influential to meet the challenges off the dynamic environment. The success of the CEO can is evaluated on the parameters like intellectual and emotional understanding of the external and internal environment of the company, especially during difficult times. The chief executive officer has most of the powers to manage an organization. It is one of the most responsible positions in an organization and is reliability is one of the parameters for his success.
A CEO can be evaluated based on his performances. When the performances of a CEO are based on the learning that he has made from his past mistakes, and the outcome shows the learning. Then also is highly valuable for the company and society. He has all the guts to take the company to a great height. Challenges coming in the dynamic environment maybe different but some learning from the past always help and so on need to understand its importance and remember them to use at the right moment. For example, Pablo Isla, the CEO of Inditex made a choice of winning strategies. He integrated and in-store the online experience of shopping. He wanted to try to be perfect and intended on his ability to immediately respond to fashion trends using an integrated supply chain.
The ability to communicate properly with the internal and external customers is also one of the parameters to find out the value of the CEO for a company. The so one needs to understand that management is the art of getting work done by others and therefore he needs to talk to the head of the department and all the other employees with a high quality of communication skills. The second most important quality in communication is showing servant leadership. A CEO is also a good leader and therefore he should possess the skill of serving people and making them happy to make the server better for the company. For instance, Pablo Isla’s style of management is humble as per the feedback of the employees.
The quality of maintaining Public Relations also reflects a lot about the capabilities of a CEO. The public includes government, social groups, customers and consumers, distributors, retailers, wholesalers, service providers, etc. A CEO understands the value of every entity or an individual and therefore he maintains good relations with them and he is always ready to develop relationships with other potential customers and business partners. For example, Elmar Degenhart, the CEO of Continental, is particularly known for maintaining public relations. It is important to make all the associated entities feeling comfortable with each other.
Being optimistic in difficult times is another important evaluative quality of a CEO. The future is always on certain and the microenvironment is the best example to prove this fact. There are theories and researchers to figure out the solutions to all the problems. A CEO needs to remember and aware of being optimistic and think in the direction of finding out the solution. It is possible to achieve everything if one is determined.
A CEO is highly understanding of the problems of both the customers and the employees of the company. Understanding the problems of the customers and suggesting solutions is present in almost every so but being sensitive towards the employees of the company decides the success of the company. If a CEO has suggestions to solve the problems of the employees, he is indirectly removing all the obstacles in achieving the objectives of the company while getting his job done creatively. For instance, Pablo Isla is well-known for disliking the culture of meetings, using hierarchy to command over others.
The expertise in listening skills and in getting to a thoughtful process of taking decisions is also one quality that can help in evaluating the performance of a CEO. The people, who tend to speak up without listening to the matter completely, have been observed to be ignorant of facts. On the other hand, a good listener can keep all the facts in the mind and analyze them later on. He comes up with the rightly formulated strategy to deal with the problem. For example, Jensen Huang, the CEO of Nvidia, is considered as a thoughtful leader by the analysts and experts at the Harvard Business School, Fortune and Booth Company. His co-workers take him on par with other big guns in the technology industry such as Jeff Bezos and Elon Musk.
The extent of knowledge possessed by CEO, it is one of the most prominent factors that evaluate his performance. It is not at all possible to get to the root of a problem without...