4 Traits Of The Effective CEO“Effective CEOs are those who are able to listen, to learn, and to adapt.” Financier Worldwide Has there ever been a more difficult time to be a CEO? It’s hard to imagine any period in which chief executives have faced a barrage of challenges like those seen since the financial meltdown of the mid-2000s. CEOs now find themselves with increasing external pressures from stakeholder groups and corporate boards. The last several years have brought massive legislative change, greater regulatory intervention, unprecedented technological advances and the ‘tsunamic’ rise of social media.
- They Listen
Effective leaders are learners and have an insatiable curiosity. They ask questions. They reinvent and they evolve. They are news junkies, information hounds and technology geeks. We’re talking about openness to consumer trends, movements and developments inside and outside their focused industry. This translates into leaders who are committed to getting and staying relevant overall.
- They Learn
Successful leaders are very self-aware. They are able to honestly list their own unique abilities and weaknesses. They know what their passions are and what parts of their jobs they are less capable of doing. They recognize that they are not masters of everything. They reach out to internal and external mentors and coaches. They will surround themselves with people who inspire them to learn and grow. And they are not afraid to ask for help.
- They Adapt.
Success is about adapting and changing to different environments, and even the most intelligent and best leaders and executives need to realize that accepting feedback and change is a must. But this isn’t so simple, as it requires a conscious effort to get outside information. With more active and open the feedback from others, there is more effective adaptation and change. However, the majority of leaders don’t really ask for truly open and honest feedback within their organizations.
So, how should leaders seek out the truth? Well, you know we’ll say that they need to start with a PoPin session. But they can also make it clear throughout the organization that honesty in feedback is imperative. People should feel comfortable and not fear persecution for honest feedback, even if it’s harsh. A study of 400 executives showed that the most effective leaders actively seek negative feedback. They let it be known that they are open to receive critiques either of their ideas or their leadership.
- They Adapt. Part Two
Yes, we’re talking about social media. We believe that truly effective CEOs are drawn to social media for the listening part. CEOs can use social media to listen to their customers, competitors, competitors’ customers, and employees. They can discover new products, new markets, and new opportunities. Once they start talking, they can tell their story – provide thought leadership, and attract new partners, vendors, talent and customers. They can be the spokesperson for their companies online the same way they are the spokesperson offline.