It’s obvious that when you go to medical college you will become doctor, but an academic MBA degree does not imply any set career path, one may choose to enter any diverse field, but the most alluring job is being a CEO of an organization. What does that make CEOs? Is there any special ingredient that distinguishes a normal MBA executive from a CEO? Yes, per se plethora of nitty gritty aspects go in to making of the so called top executive, CEO. Handling critical challenges of times, grabbing opportunities, detecting long term opportunities is an integral aspect of task of a CEO. World is a global village, offering umpteen number of opportunities, how does one make optimum use of those is a challenging task as desk follows dawn scores of menaces also arise challenging the creamy layers of organization. Some of the challenges confronted in order to sustain and grow are
· Flexibility, Pace, adaptability to change – as worlds are roaring from times about change management
· Succession planning- to keep the race going on
· Customer loyalty and retention- with multiple brands in market and the transformation of market in to buyers market from the olden times sellers market
· Stimulating innovation and creativity and enabling entrepreneurship
· Seizing opportunities for expansion and growth
According to Harvard Business review top 10 CEOs of the world are:
Ø Yun Jong – Yong – Samsung Electricals; Jong-Yong Yun has been Chief Executive Officer and Vice-Chairman of Samsung Electronics Co., Ltd. since 1999 and serves as CEO and Vice-Chairman of Samsung Corp. Mr. Yun served as President and Chief Executive Officer of Samsung Electronics Co., Ltd., since 1996.
Ø Alexey B. Miller
Alexey Borisovich Miller is Deputy Chairman of the Board of Directors and Chairman of the Management Committee (CEO) of Russian energy company Gazprom
, Russia’s largest company and the world’s biggest natural gas
Ø John T chambers – Cisco systems; John T. Chambers is Chairman of the Board and CEO of Cisco Systems, Inc. Chambers when he assumed the role of CEO, the company has grown from $1.2 billion in annual revenues to its current run-rate of approximately $40 billion.
Ø John C Martin – Gilead sciences; Dr. Martin joined Gilead Sciences in 1990 and currently serves as Chairman of the Board of Directors and Chief Executive Officer, Gilead sciences is a
Ø Jeffrey P Bezos – Amazon .com; Jeffrey Preston “Jeff” Bezos is the founder, president, chief executive officer and chairman of the board of Amazon.com
Ø Margaret C Whitmann – Ebay; Margaret Cushing “Meg” Whitman is an American businesswoman. Whitman served as an executive in The Walt Disney Company where she was vice president of strategic planning throughout the 1980s.
Most of these do not possess formal MBA degree, but are successful in accomplishing all the tasks and are the biggest assets of their respective organizations. Their profiles signify experience is an important prerequisite for a CEO, not essentially the single aspect of it. Zeal and enthusiasm to lead organization and take up the responsibility and perseverance to sustain forces add to the carving of ideal CEO in addition to above pointed out competencies.
Written by: Krishna Madhavi