Leading an organisation is never an easy task. Being the CEO of a company naturally comes with its own set of acclaim and recognition, but is met with equally crucial accountability and responsibilities. However, to set upon the path of leadership, students must be aware of the process and efforts it demands. While the job profile may be well known, the path to be followed to achieve this glory is not common knowledge. So, with the help of this article, let us provide you with an insight on how to become a CEO.
This Blog Includes:
Who is a CEO?
CEO of a company is an executive manager of the highest rank. He or she works as the vital link of communication and information between the company’s operations and directors and shareholders. Often, the CEO of a company is seen as its face, as he or she presents the mission and vision of the group in front of the public, takes crucial managerial decisions and has the power of diversifying of section focussing as per his or her discretion. Elected by the board of directors and shareholders, CEOs generally rise through the managerial ranks within an organization by making a name for themselves in various operational departments. Their decision-making prowess and leadership instinct are noted at basic levels, and they are often placed under a mentor for their initial leadership years so that they can understand the scope and functioning of their newer responsibilities in a better way.
Roles and Responsibilities of a CEO
To understand how to become a CEO, students must be aware of a CEOs scope of work. The roles and responsibilities of an organization’s leader are way more sophisticated than what they appear to be. So to help get an idea of the job, here is a non-exhaustive list of roles and responsibilities that are undertaken by a CEO:
Administrative Decision Making
Being the leading executive of the organisation, the CEO is in constant contact with the Board of Directors of the company, tasked with assisting them in building a framework for the company to pursue. This framework is further broken down into the organization’s mission and vision and presented before the workers so that they have clear lines of objectives and operations.
Essential being the face of a company, a CEO is the head of a company’s Public Relations in many ways. Corporate meetings and press conferences attended by CEOs are monitored closely to understand a company’s present situation as well as the future goals it wishes to pursue.
Human Resource Management
While a CEO is not intensively involved with the Human Resource Management of a company, a good CEO always picks his or her own core team which heads crucial departments. It is imperative that these positions are filled by competitive individuals, as it eases the operational burden that rests upon the leader.
A company’s finances can be compared to the fuel of a vehicle, and for any journey to go well and long an efficient supply of fuel is required. An able CEO is always aware of the details of financial resources held by the company and constantly looks for the best methods to allocate and utilise those funds. And not just utilisation, it is the mark of a good CEO to be aware of cash flow as well as the projected financial performance of the company.
How to become a CEO: Academic Qualifications
To answer the question ‘How to become a CEO?’, it is imperative to know what it takes to become a CEO. Although these top-level managerial positions do not carry a prescribed academic portfolio, here are some of the important academic qualifications that can help you score a place on top of the league:
A Bachelor’s degree is prudently required for an individual to be considered as a company’s top manager. It indicates that an individual is acquainted with formal higher education. If the Bachelor’s degree is in a similar field as to the company’s operations, it is perceived as a positive indicator.
A postgraduate degree in management is preferred when companies look for their leaders. Apart from personal insight, formal education in management helps individuals in comprehending and solving managerial problems in a far more efficient manner.
Often, individuals may choose to pursue specialised courses in domains that are specific to their job profile. This can not just help them understand the organisational workings better, but also improve organisational efficiency which is the goal of any top-level manager.
Also Read: Education of Satya Nadella
Additional Qualities to Become a CEO
But as you must know, it takes a lot more than degrees and qualifications to successfully lead an organization. A true leader isn’t bound by theoretical knowledge or experience, he or she is capable enough to envision innovation and create unprecedented advances. Hence, here are some key qualities that are required to answer the question of how to become a CEO:
Leadership instinct is a rudimentary requirement for anyone who wishes to lead a company. A good leader keeps the pack in check while ensuring all organizational objectives are met effectively. He or she is concerned about every individual contributing to the organization and makes sure the team gives back the same commitment to the task at hand.
Innovation is the only factor distinguishing which helps companies stand out in this competitive era. Companies which are known for their innovation usually have a creative and risk-taking head leading them. An innovative leader ensures that the organization is never stagnant in a comfort zone and also constantly keeps the business environment in check while looking for any sort of business opportunities that can be worked upon.
Top-notch Managerial Skills
Being a CEO essentially means heading the whole organization’s workings. Beyond a doubt, it takes good managerial skills to become a great CEO. Good managerial practices ensure that the organization never gets out of touch with its operations, while both the employer and the employee are able to achieve their goals through combined efforts.
Strong Communication Skills
Needless to say, a strong leader is always able to convey his or her message effectively. A well-designed message from the top management can ensure that each employee works on the required lines, while good communication also provides positive reinforcement. Apart from the motivational factor, good communication also bridges the gap between management and employees, helping in sorting out any mutual misunderstandings that may arise.
Decisive nature and mental clarity
A CEO often has to face tight situations where the future of the company rests on a binary decision. At such crucial times, it takes a cool head and confident personality to make the best call for the sake of the company. An indecisive leader often misses out on opportunities, while threats translate to inevitable losses. This sets the difference between the success and failure of a CEO, and pretty much the success and failure of the company.
Hope this gives all the future CEOs out there an insight about how to become a CEO. Loads of hard work, sizeable foresight, handy skills and just a sprinkle of luck can help you establish yourself at the executive helm in the Industry of your choice. For students who are aiming for such top-level managerial positions, a degree from abroad is almost quintessential in modern times. In case you are unaware of such opportunities, Leverage Edu is here to help. We provide a host of career guidance services which can help you excel in your leadership journey. Book a free e-meeting with us and get started right away!