The Type Of CEO You Don’t Need To Be





thomas opang


Thomas Oppong
Thomas Oppong is the founder @Alltopstartups.



Many people only dream of becoming a CEO, but most would agree that this is a great goal to aspire to. Good CEOs need to possess certain traits in order to lead effectively. Experience and education both make a difference, but must be used in conjunction with good leadership skills. Otherwise, a natural leader with a bright future could end up being the type of CEO who ends up failing.

Maverick

One of the 6 types of bad CEOs, a maverick often ends up taking their independence too far. Some of the things done by maverick CEOs in the past that have caused problems include becoming too overconfident about unorthodox practices, using accounting methods that don’t conform to established standards and attention-seeking behavior.

One of the most reckless things that these leaders can possibly do is end up turning down offers to buy the company when their antics put it into financial distress. A CEO who makes that many mistakes will often find himself out of a job.

Despot

A despot is a classic example of what happens when somebody abuses their power. When someone at the highest level of leadership has a problem with power, it can easily infect the rest of the organization. A good leader in the corporate world needs to remember that he or she is accountable to others. When unethical business dealings come to light or leaders use company money for personal expenses, this causes the value of the company to plummet and the public to lose confidence in it.

Cowboy

A cowboy is very similar to a maverick, but takes things even further. Someone with this type of attitude throws out the opinions of their customers, employees and fellow board members. The problem with this way of thinking is that it can drive a stable company to financial ruin. Examples of bad decisions of this type include reinventing long-established brands with minimal or no input from others.

When all-important people, especially the customers, are excluded from this process, it can lead to steep declines in sales or location closures. Some companies continue to have problems even after such CEOs are replaced.

Loudmouth

This type of leader is more known for their opinions than their leadership skills. When leaders act as though their opinions are the only ones of importance and show no restraint, this makes things hard for everyone. One of the worst things about a leader with this attitude is that their opinions could be hurtful or otherwise offensive.

It gets worse when these opinions include harsh or otherwise inappropriate attacks against anyone who disagrees. CEOs need to maintain a proper perspective where they remember that they are, first and foremost, a representative of the company.

Hesitator

Hesitation and procrastination are two of the most damaging traits that a person can have, especially in the business world. In some ways, this can be as bad as being too overconfident about making changes. A successful company needs leaders who can not only see the changes that need to be made, but be willing to act on them.

Opportunities to make major changes that result in success often have a short window of time that they can be taken advantage of in. It is never worth it to miss out on good opportunities that allow competitors to gain too much ground.

Gambler 

For many, the idea of someone being considered to be a gambler is far from complimentary. CEOs who act like gamblers make reckless decisions without any regard for how they will impact everyone else in their organization. Many feel that traits associated with good card playing, such as bluffing, don’t work as well away from the card table. Leaders need to be able to make the distinction between a calculated, necessary risk and a gamble that ends in disaster.

The decisions that CEOs make both in and outside the workplace are good indicators of their overall leadership. Sometimes, it can be hard to draw clear lines between actions that will lead to success, in spite of the risk and those that will lead to failure. One of the things that distinguishes a CEO who makes the right decisions from one who makes the wrong ones is having and making use of a support staff.

Good CEOs practice openness and transparency in all areas. They take good advice when it is given to them. Most importantly, they give a lot of weight to the opinions of both their employees and their customers.

Note: The views and opinions expressed are solely those of the author and does not necessarily reflect the views held by Inc42, its creators or employees. Inc42 is not responsible for the accuracy of any of the information supplied by guest bloggers.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

The Type Of CEO You Don’t Need To Be-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

The Type Of CEO You Don’t Need To Be-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

The Type Of CEO You Don’t Need To Be-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

The Type Of CEO You Don’t Need To Be-Inc42 Media
The Type Of CEO You Don’t Need To Be-Inc42 Media
You’re in Good company