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Essay / Successful CEO Strategies - 968
Successful CEO StrategiesIt turns out to be much harder than trying to become one. Over the past few months, we have examined the reasons for the successes and failures of some leading CEO practitioners. It seems that, despite the different management styles, great CEOs employ some common techniques. The following pages contain the golden rules of successful business leadership.1. A Masters in Accounting Accounting has been described as the language of business and any successful CEO knows how important it is to successful business leadership. Strong accounting knowledge will help every CEO understand business problems and opportunities that arise from analyzing financial documents much more quickly. A good foundation in accounting will also allow the CEO to communicate more effectively with financial staff about the company's investments. It is never late to master accounting knowledge and every CEO must ensure that they are up to date with accounting rules and updates.2. Using Positive ReinforcementCreating the right work environment is every CEO's number one priority. Employees at all levels should feel proud to work in the company and the CEO should ensure that they have the chance to feel that they are adding value to the company's operations. The 80/20 golden rule can be a very useful tool to ensure that the CEO provides positive reinforcement to his employees. For every interaction with an employee, the CEO should try to say four good things about that particular employee's work and one slightly bad one. In this middle of paper...... workaround this problem is to go directly to the source of the information, the lower level employees. Becoming a Level 5 CEOA Level 5 CEO is the highest leadership level. It is intended to build lasting business greatness through a combination of personal humility and professional drive. A person must go through many steps before reaching this level of leadership. The journey to level 5 business leadership can be accelerated by mastering your emotional intelligence. Emotional intelligence consists of four parts: self-awareness, self-management, social awareness, and relationship management. Any CEO in progress must ensure that they have put these concepts into practice on a daily basis.