What kind of person is the Best CEO for a Business?

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Student Professor Course Date Qualities of a good CEO CEO is the acronym for chief executive officer whose principal work in the business is to drive the thinking of people about the company and also plays a key role in determining the market value of the business. The qualities of a person in terms of leadership skills determine whether one can make a good CEO for business. The best person for a CEO should have knowledge about the market. Knowledge about the current supply, demand as well as the general price level helps the CEO in determining the effective price level for the goods. Good leadership skills are also a major determinant of the ability of an individual to make a good CEO. Innovative nature of a person improves his performance in the business environment in that it helps the individual to anticipate and come up with a design of strategies meant to combat the effect of change. Innovative leaders in business also lead to increase in the profitability of the firm in the long run. Still under leadership skills, one needs to be a risk taker to be regarded as a potential CEO for business. He or she needs to do an evaluation that is in depth of the probabilities of the outcome of activity before taking the risks. If an individual fears taking risks, then he or she will lag behind his or her competitors. Ability to take risks also needs the guidance of the principle of not jeopardizing the profitability of the company. A good CEO should have an optimistic spirit even when faced with challenging situations. The optimistic nature helps him to think outside the box and come up with strategies for solving the problem and at the same time inspiring others

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