<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=290086984736480&amp;ev=PageView&amp;noscript=1">
Search
word-map-thumb

The Alternative Board Blog

6 Personality Traits that Make a Successful CEO

Jan. 9, 2017 | Posted by The Alternative Board Worldwide
Personality-Traits

Being a CEO or business leader is among the most challenging and demanding job titles out there. Some say the most successful leaders are born with the “right” skills and personality traits. Others contend a strong-willed, ambitious individual who wants to succeed can learn and acquire the necessary attributes for success.

Wherever you fall on the scale, here are six personality traits that virtually all successful CEOs display in their careers:

1. Passion. Call it “drive” or “a thirst for success,” but it’s hard to think of any effective business leader who doesn’t display a clear-cut passion for his or her work. Passion keeps you focused on getting things done, rather than finding excuses not to act. Passion means aiming at an objective and attaining it, and then moving beyond.

2. Quick and bold decision-making. Top-performing CEOs aren’t daunted by the fact that they have to make critical decisions on a daily basis. They become adept at sizing up a situation, analyzing the pros and cons, and deciding on a course of action to keep the business moving forward.

“Clear decision making also sets off a positive chain reaction,” notes business writer Will Yakowicz. “When a leader makes a clear decision it inspires confidence across the company, sets priorities and decreases the chance of competing goals getting in the way.”

3. Refusal to make excuses. Effective business leaders understand making excuses is a waste of time and energy. If things go wrong, they accept responsibility and look for ways to learn from the situation. This also means they’re unafraid of failure. Without taking risks, change and innovation simply aren’t possible.

Want additional insight? Read 7 Steps for an Effective Hiring Process now to learn more

DOWNLOAD

4. Willingness to learn everything about the business and industry. While it’s not necessary to be an “expert” in all facets of the company, successful business leaders possess more than a passing knowledge of every department and operation. This not only helps when it comes to making key decisions, but it leads to a dynamic, all-encompassing vision of growth that integrates different functions into a cohesive whole.

5. Outstanding communications skills. Great CEOs know how to communicate their message without getting lost in company CEO, personality traits of a CEOjargon or by puffing up their own egos. They understand the need to be absolutely clear when addressing various stakeholders—and how to frame their message so different audiences (investors, employees, customers, vendors, and so on) “get” what’s being said and know what to do with that information. They know how to inspire and motivate—essential qualities of leadership, regardless of your business or industry.

6. Unafraid to get in the trenches. Effective CEOs refuse to hide away in their executive suites. As much as their schedules permit, they take every opportunity to work (or at least observe) their teams in action. It’s the only way to get first-hand knowledge of what’s happening on the company’s frontline.

These business leaders “are right there” with employees, “balancing the priorities and inspiring their team to help win the next opportunity,” says Jeanne M. Sullivan at VentureBeat. “They are quick to sort out mistakes in a ‘blameless autopsy’ so that success may be achieved the next time.”

Effective management is not something that can be attained overnight - in fact, this is something that many business owners continually work on. We asked owners how they would rate themselves as a leader of their company and only 5% rated themselves a perfect 10. Check out TAB's PULSE Survey on Business Leadership for more information on this topic! 

Read our 19 Reasons You Need a Business Owner Advisory Board

DOWNLOAD

Written by The Alternative Board Worldwide

Related posts

How A Sales Performance Plan Can Help A Struggling Rep
May. 2, 2019 | Posted by Joe Zente, TAB Austin
Whenever a sales rep isn’t performing, it is time for swift and decisive action. Let’s say our rep (we’ll call him John) is falling short of his goals. Depending upon the extent to which John’s...
How One on One Meetings Create a Positive Office Culture
Apr. 30, 2019 | Posted by Max Woolf
As a manager, you have a lot of plates to spin and many hats to wear. With all of the work adding more meetings might be the last on your list. But, if you don’t run 1 on 1's with employees, you’re...
When You're the HR Department for Your Business
Apr. 23, 2019 | Posted by Phil Spensieri, TAB York Region
Human Resources (HR) is an area that seems to cause most business owners the highest amount of stress. Unfortunately, without an HR Department, HR issues become the responsibility of you, the...
How to set up virtual office for a small business
Apr. 18, 2019 | Posted by Gary Hoffman
Virtual Office Space Dos and Don'ts You’re ready to give your business an impressive corporate presence, but you’re not willing to plunk down millions of dollars for the office space, the permanent...
5 Employee Oriented Ways to Increase Productivity
Feb. 21, 2019 | Posted by Morgen Henderson
The standard corporate definition of productivity usually refers to getting more done in less time. And strategies like streamlining your meetings or investing in technology are common solutions. ...
Management Skills Part 1: Transitioning from Employee to Manager
Jan. 22, 2019 | Posted by Phil Spensieri, TAB York Region
In my work with business owners, many of them have expressed a desire to transition a certain employee to a more senior role at their company. However, this promotion sometimes doesn’t happen because...
Why More Female Business Owners Are Joining Boards
Jan. 10, 2019 | Posted by Phil Spensieri, TAB York Region
It’s encouraging to see more women business owners joining boards. I’ve found that most women in management, specifically on boards, offer a different style of leadership and a fresh perspective,...
How to Manage Your Mobile Workforce
Jul. 16, 2018 | Posted by The Alternative Board Worldwide
The American workforce is changing the nature of “work” as we once knew it. The days when employees absolutely had to work at a desk, in an office, are long gone. While many businesses still insist...
Is it Time to Update Your Sexual Harassment Policy?
Jun. 26, 2018 | Posted by The Alternative Board Worldwide
 Revelations of sexual misconduct in the worlds of culture and business, as well as the rise of the #MeToo movement, should serve as a clear warning to CEOs and business owners. In today’s...
The Right Feedback Can Boost Employee Retention
May. 29, 2018 | Posted by The Alternative Board Worldwide
Among the many skills a CEO or business owner should possess is the ability to provide constructive, meaningful feedback. Employees at every level of an organization want to do the best job possible,...