Responsibilities Of A CEO
CEO stands for Chief Executive officer. CEOs are required to lead an organization in the most effective way to ensure its success. Let us know in brief about some of the responsibilities of a CEO in a CEO organization.
They take strategic decisions for the company with or without consultation with their employees.
They are usually the face of the company and need to maintain a clean image in the market.
Depending on the company’s structure, they are answerable to the board of directors for their actions and decisions.
They need to help develop the human resources of the company and retain its key employees.
They continuously need to create business networks for furthering their business.
They need to remain updated about other companies’ functioning in the market and look for opportunities for timely acquisition.
Why Training Programs Are Not Enough
Now, you have a rough idea about the responsibilities of a CEO. Probably, you are a bit freaked out and considering some training programs. You are thinking in the right direction, but instead of going for CEO coaching or CEO training, go for CEO development programs.
You might be wondering why I am discouraging you from CEO training programs. Let me clear the air.
Training programs are outdated as the concepts and solutions are derived from past experiences. They have a case-study solving learning approach instead of a practical, current problem-solving approach.
Training programs help us learn about theoretical and technical problems and solutions rather than develop the CEOs psychologically.
Training programs focus on assumptions that are not relevant in the present scenario and will hamper the decision making by the CEOs.
The training programs also help the CEOs reinforce some already learned concepts and introduce maybe a few new ones. But they do not contribute to the CEO’s character development that is very important in providing leadership.
Why Choose Development Programs
CEO development programs are in line with the all-round development of a CEO. They help to develop a CEO as a person and make himself/herself a better leader.
Some development programs can help you to get in touch with some other seasoned CEOs in the market. You can draw some valuable insights from their experiences and solve your problems more effectively.
Development programs are focused on shaping you for the future instead of dwelling on problems faced in the past.
They are ongoing and not a limited-time exercise. They help you to keep updated with the recent market trends and analysis.
They focus more on you as an individual rather than training you only for job-specific duties. This is very important because you get personalized attention and develop your character suited to your company’s leadership requirements.
Moreover, development programs help you to grow both mentally and technically. So this will come in handy when you look to expand your horizons.
Closing Thoughts
Development programs should not be considered an additional cost that the company has to bear, rather it should be considered an investment for your future. The return on investment may not be quantifiable immediately, but in the long run, when your company will need you to step up, the knowledge gained from such programs will bring more out of you and lead to profits. With better knowledge about the present market conditions, you as a CEO and your company as a whole will be better positioned to take a strategically sound decision and adapt to changes.
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