In the process of conducting research for their book, three partners at consultancy McKinsey reviewed more than 20 years worth of data from 7,800 CEOs and over 3,500 public companies across the globe to find what makes the best CEOs. Below are four characteristics the authors identified in the most successful CEOs during a Dec. 15 interview:
1. They use a microscope and a telescope
The best CEOs are able to look at external trends and patterns as well as turn inward and manage the day to day of their companies efficiently.
2. They are bold
No matter the industry context or circumstance, the authors found that the best CEOs were willing to be bold. This boldness was a bulwark against failure.
3. They analyze the uncontrollable
Market pressures and economic factors are bound to influence different sectors in different ways that are uncontrollable. However, the authors found that the best CEOs analyzed these market trends and harnessed them to steer the company in a different, more futurist direction.
4. They reframe the game
Many of the best CEOs continually expand their horizons and goals, looking at how they can dominate the largest area and upgrade shortsighted thinking.