Can we have Business articles and ideas here please

[Yaabka-Yaabkiis]

Criteria to become CEO :

 

 

An article worth reading if you're almost there in becoming CEO is the one by Dan Ciampia (advisor on leadership transitions) in the HBR of Jan 05. In the article, Ciampa shares some of his rich experience and knowledge about how you can distinguished good CEO candidates from the ones that actually make it.

 

According to Ciampa the three most important criteria to become CEO are:

 

Management savvy (a. avoid jumping in personally to solve problems others can handle, b. make the right judgments about what to expend energy on, c. maintain control of the key decisions and a full pipeline of talented people, d. make people feel appreciated and stay loyal)

Political intelligence (a. don't be labeled "political", b. recognize how relationships are likely to affect early success, c. get peers and subordinates to go out of their way to help, d. don't seem self-serving)

Personal style (a. make success look effortless, b. allow others' performance to be recognized too, c. manage energy to stay on the 'rested edge' and to avoid the 'ragged edge', d. enable peers to improve their performance, e. stay grounded and make sure basic needs are met while mastering new concepts)

On top of that, Dan Ciampa recommends to make sure you 1. understand your boss's point of view [whether he is worth it or not ], 2. know your limitations [don't dive in the deep too early], and you 3. manage the shadow organization [grasp the alliances and political realities that come with the top-level job].

[Yaabka-Yaabkiis]

Five Defining Characteristics of Great CEOs - Jan B. King

 

1. Personal insight.

Great CEOs are great leaders. They know themselves and what they stand for. They have been called on all their lives as problem solvers because others know them to be fair and impartial. People respect their opinions and look to them for guidance. Great CEOs are mature as people. They can suffer disappointment more gracefully than others and give others credit for their achievements. They don’t come in the office door yelling for something they need. They aren’t as concerned about titles or power structures as they are about the welfare of those who work at the company. They are trustworthy because they’ve always been honest with people and have earned that trust. They care about families, and they know that people are more important than dollars and express it in their actions every day. Finally, great CEOs seek out feedback. They want to know how others see them so that they can understand themselves better and continue to grow as people. They also want feedback about the company from an employee perspective, and they use surveys as a starting point for creating a dialogue to make things better.

 

2. Resourcefulness.

Great CEOs seem to have boundless energy. They come to work with the greatest enthusiasm. Even when they don’t feel like it, they find ways to reenergize themselves and come in ready to go. They take good care of themselves physically and emotionally so that they can be there for the employees and the needs of the company. They give much more than they take every day. They don’t give up. If the wall is too high, they back down and find another way around. They don’t blame, but they do look for solutions to problems so that those problems are less likely to happen again.

 

3. Courage.

The CEO has one of the world’s toughest jobs. No matter how tough it was to start the company, it’s even harder to keep it going and growing. A CEO must decide what he or she stands for and do what is right, all the time.

It takes courage to fire the salesperson responsible for the company’s biggest, most lucrative account when that same salesperson drives a company car drunk and causes an accident. There will be many times when CEOs will want to smooth over something that requires decisive action because of the potential consequences or because they just can’t take on one more challenge at the moment. However, CEOs who exercise poor moral judgment will lose their personal integrity with all of their employees watching.

 

4. Willing to look at risk.

A great CEO isn’t afraid to look at the downside and answer the hard questions he or she hopes will never become a reality. The CEO needs a backup plan—one that is designed by looking at the company’s worst-case scenarios. This plan addresses questions such as: What if your industry experiences a slump? What if new governmental regulations affect your business? What if you lose the client that accounts for 50 percent of your sales?

Preparing yourself and your company for these eventualities may be the difference between a tough year or two and bankruptcy. If you are in business for 20 years, some of your worst-case scenarios will probably happen. The key is to be ready and able to take immediate action to reduce the loss.

 

5. Foresight.

It seems some CEOs have an uncanny ability to predict the future. They may have unusual insights into their particular markets, and luck may play a part as well. In addition, they are prepared to create their own luck by cultivating an ability to see opportunities for their company and to make the deals that convert those opportunities into realities. Some things that may seem like amazing foresight are actually the result of the hard work and discipline it takes to constantly look forward to build a successful company.

Great CEOs must also constantly develop new products to build and retain a customer base. Foresight is also the ability to hire and retain the right people, looking ahead toward the growth of the company. Finally, over time, each company must develop a steady source of business during both good economic times and bad, because there are sure to be bad economic times during the life of a business.

[Yaabka-Yaabkiis]

Best Criteria to become CEO? What do you think?

[Jacaylbaro]

what does CEO stand for ??

[ZOLA]

chief Executive Officer

[Yaabka-Yaabkiis]

State-owned conglomerate Dubai World is ramping up its aggressive investment campaign in Africa, on Monday announcing it will spend $70 million to build a luxury beachfront development in the Comoros islands.

 

 

Dubai World’s Africa subsidiary will develop the luxury resort - to be managed by Kempinski Hotels - on the Grand Comore island, near the country’s capital Moroni, one of four islands that make up the nation archipelago in the Mozambique Chann.

The project involves the demolition of the existing Le Galawa Beach hotel and spa and construction of a 150-room hotel and over 100 new upscale residential villas and townhouses.

Sultan Ahmed bin Sulayem, chairman of Dubai World, said the development was the first stage of a strategic partnership with the Comoros government.

 

The project will be divided in two phases, with the first phase scheduled for completion in early 2010.

 

Dubai World's African business model currently includes over 30 investment projects such as marine terminals in Djibouti, Dakar and Maputo and wildlife reserves in Rwanda and South Africa.

 

Bin Sulayem has previously said the conglomerate will invest $1.5 billion in the emerging African economies over the next five years.

 

The Comoros announcement follows a report on Sunday that Dubai World is preparing bids worth at least $795 million for three premier Scottish golf courses.

 

According to the UK’s Observer newspaper, Dubai World is in advanced talks to acquire the Turnberry course and adjacent luxury hotel from its US owner, Starwood Hotels and Resorts.

 

Dubai World urges greater investment in Africa

CEO of subsidiary DP World says continent needs more foreign investment. WE SOMALIS LOST!