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99 CEO Skills and 1 Dumb Myth

        posted by , February 16, 2013

The dumb myth about CEOs goes something like this: get an MBA, be business-aggressive and bang you're CEO. I've taken the liberty of illustrating this (badly) in paint:

CEO cash

It takes a lot more than an MBA and a little competitive spirit to be an effective CEO.

Most organizations view their Chief Executive Officer (CEO) as a key part of their competitive advantage.

Like the Queen in chess, a Chief Executive Officer is key to business strategy and tactics. A CEO exercises power vertically, horizontally and diagonally across an organization.

Half the ambitious people in any given firm plan to be CEO someday. Few will ever make the grade.

CEO is a demanding role that requires an awe inspiring set of skills:

Core Skills

1. Defining Mission, Vision and Values
2. Communicating Values
3. Championing a Vision
4. Motivating
5. Strategy Formulation
6. Strategy Execution
7. Corporate Financial Management
8. Mergers, Acquisitions and Divestiture
9. Corporate Governance
10. Protecting and Growing a Firm's Assets
11. Preserving and Enhancing a Firm's Reputation

Strategy

12. Competitive Strategy
13. Strategic Management of Innovation
14. Developing Strategic Business Models
15. Succession Planning
16. Strategic Hiring
17. Managing Top Talent
18. Sustainability
19. Corporate Social Responsibility
20. Corporate Entrepreneurship
21. Identification and Evaluation of Market Opportunities
22. Commercializing Business Capabilities
23. Sales and Operations Planning

Executive Management

24. Managing Communications to the Board of Directors
25. Managing Relationships with the Board of Directors
26. Ensuring Corporate Transparency
27. Raising Capital
28. Prioritization and Resource Allocation
29. Quality Management
30. Organizational Design
31. Managing Strategic Objectives
32. Developing Strategic Alliances
33. Market and Business Forecasting
34. Continuous Business Improvement
35. Holding Leaders Accountable for Results
36. Managing Global Operations

Leadership

37. Leading an Organization
38. Leading Extended Enterprises (Multi-Firm Structures)
39. Creating a High Performance Culture
40. Developing High Potential Talent
41. Business Negotiations
42. Establishing Partnerships and Alliances
43. Leadership Assessment & Development
44. Removing Obstacles for High Priority Programs and Initiatives

Decision Making

45. Financial Analysis for Corporate Decisions
46. Developing Solutions to Multidimensional Problems
47. Modeling Business Decisions
48. Managing Social Dilemmas

Legal, Risk & Compliance

49. Regulatory Compliance
50. Managing Liability
51. Organizing a Company (Legal Structure)
52. Risk Management
53. Counterparty Risk Management
54. Operational & Financial Risk Oversight

Technology

55. Strategic Management of Technology
56. Digital Business Strategy
57. IT Governance
58. Managing a Portfolio of IT Investments

Soft Skills

59. Aligning Others Around Short Term and Long Range Plans
60. Diplomacy
61. Endurance
62. Charisma
63. Results Focus
64. Action Focus
65. Creative Questioning
66. Trust & Verify
67. Intelligent and Curious
68. Passion for Pursuing Goals
69. Breakthrough Thinking
70. Dealing with Ambiguity
71. Commercial Perspective
72. Innovation
73. Cross-Cultural Leadership
74. Finding Order in Chaos
75. Networking With External Executive Leaders
76. Influence Over External Power Structures (e.g. Industry Influence)
77. Entrepreneurial Thinking

Mergers, Acquisitions & Divestiture

78. Strategic Business Development
79. Strategic Decisions to Acquire, Merge or Divest
80. Transitional Strategies
81. M&A Economics
82. Structuring Acquisitions
83. Acquisition Valuation
84. M&A Law
85. Restructuring & Corporate Governance

Marketing & Sales

86. Market-Focused Sales Strategy
87. Multinational Marketing Strategy
88. Strategic Market Measurement
89. R&D Management

Finance

90. Dividend Policy
91. Strategic Cost Management
92. Financial Management in a Dynamic Regulatory Environment
93. Corporate Budgets and Financial Statements
94. Corporate Multi-National Tax Strategy
95. Revenue Management
96. Corporate Capital Structure
97. Financing Operations & Investment
98. Maintaining Internal Auditing Standards
99. Financial Regulation Awareness

Similar skill sets:
111 Executive Leadership Skills


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