An examination of a company CEO requirements
Laine, Antti (2018)
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A company CEO is the highest ranking employee in a company. It’s the CEO who drives the company and carries the biggest responsibility in the organization. However, quite often people do not know in great details what does a company CEO do and more importantly, what is required to be a company CEO. This study examines CEO requirements within the theoretical framework of motivation, competencies and self-efficacy. The purpose of the study is to find out what is required to be a company CEO using conceptual model of motivation, competencies and self-efficacy. The model of motivation, competencies and self-efficacy combines the three theories used in the study and is further used to respond to the research questions presented in paragraph 1.3 in chapter one. The study is done as a case study using in-depth interviews to collect research data. Although the research results revealed some differences between the respondents, surprisingly many similarities were found between them. All of the research respondents were found to possess a need to achieve which is perceived as the dominating need motivation on a personal level among the CEOs. The importance of organizational goals and high emphasis on financial results were also commonly shared by the research respondents. Personal attribute competencies of analytical and conceptual thinking and interpersonal skills that can be interpreted to referring to teamwork building, motivation and empowering of others were highly valued competencies by all of the respondents and further regarded as essential to a CEO. To conclude the research findings, a CEO must possess a need to achieve and be intrinsically motivated by organizational goals. A CEO must firstly, be able to manage abstract and complex problems and secondly, be able to work through people. This ranks analytical and conceptual thinking and interpersonal people’s management competencies as high demand competencies for a CEO. In addition and evidenced by the research findings, it can be argued that a high self-efficacy is required to reach to the CEO position and further be successful in the CEO position.