5 Steps To Become a CEO

Becoming a CEO is a dream of many students, professionals as well as entrepreneurs. But reaching the top job role requires more than dreaming. In the 21st century, CEOs face complex challenges that seek creative skills and expert-level knowledge. Here are 5 steps that will help you become a successful CEO without much hassle:

Gain Cross Function Experience 

You might have observed, top CEOs have expertise across multiple business areas; this is what is needed to become exclusive in the market. According to the studies by PwC and Harvard Business Reviews, people who have exceptional skills in finance, operations, and marketing become top CEOs by leading successful companies. In India, those leaders who understand diverse departments including product, sales, supply chain tend to become CEOs.  

Have Strong Strategic And creative thinking skills 

Any CEO who doesn’t have a creative mindset and strategic thinking can never lead a brand. Building these two essential skills require more than potential. Taking up different roles that require analytic thinking and future planning can help build the required skills. Invest yourself in business case studies, attend strategy workshops, or pursue certifications like a mini-MBA or executive education programs offered by top Indian institutes (IIMs, ISB)

Build a Strong Network

It is important to establish networks with seasoned executives and mentors. In a study conducted by LinkedIn, 85 percent of jobs are filled by networking. Attend conferences in the industry (such as NASSCOM TechSummit or TiE Global Summit), participate in professional associations, and find mentors willing to offer guidance, sponsorship, and knowledge about the executive positions.

Develop Emotional Intelligence 

CEOs are supposed to be team leaders dealing with various stakeholders, and emotional intelligence is the one skill that explains almost 90% of high-performance leadership  impact. In the regional and cultural context of India, EQ is a necessity to overcome intricate interpersonal processes and develop motivating cultures. In order to be successful, it is important to focus on empathy, active listening, and conflict resolution.

Gain Financial Acumen and Risk Management Skills 

CEOs manage risk, investments and budgets. A study of finance literacy by a top company indicates that new CEOs commonly have a gap in financial literacy. Deepen your knowledge in financial statements, capital market and risk examination. Being a CFA or taking a course in corporate finance may guide you on the choices to make in the boardroom.

Thus, to become a CEO, one needs to have a measured blend of general experience, strategic thinking, people ability, strong connections, and financial acumen. As a goal-oriented professional in India or elsewhere, these five steps could establish a tangible direction on how to be successful enough to become the head of any major business in the modern competitive business environment.