Friday, April 28, 2017

What sets CEOs apart

What if we told you that a typical CEO looks almost nothing like the stereotypical one.
A new 10­ year study from a leadership advisory firm ghSmart and economists from the University of Chicago and Copenhagen Business School, called the CEO Genome project , was based on a proprietary data set of over 17,000 C-suite assessments, including over 2,000 CEOs with detailed career history and performance metrics for each executive summarised identified that successful chief executives tend to demonstrate four specific behaviors that prove critical to their performance:
1. Deciding with speed and conviction:
They make decisions earlier, faster, and with greater conviction. They do so consistently—even amid ambiguity, with incomplete information, and in unfamiliar domains. In our data, people who were described as “decisive” were 12 times more likely to be high-performing CEOs
2. Engaging:
To get people on board by driving for performance and aligning them around the goal of value creation. In our data, CEOs who deftly engaged stakeholders with this results orientation were 75% more successful in the role
3. Adapting:
The analysis shows that CEOs who excel at adapting are 6.7 times more likely to succeed
4. Delivering:
The ability to reliably produce results was possibly the most powerful of the four essential CEO behaviors. In our sample, CEO candidates who scored high on reliability were twice as likely to be picked for the role and 15 times more likely to succeed in it

The book of the study, "The CEO Next Door: What it Takes to Get to the Top, And Succeed, Based on the World's Most Comprehensive Leadership Study" by Elena Botelho, Kim Powell can be ordered from 800-CEO-Read.

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