A literature review on the characteristics of CEOs and whether these are an indicator of their future occupation.
Written in 2002; 2,875 words; 18 sources; MLA; $ 85.95
Paper Summary:
This paper examines literature relevant to the traits and experiences of CEOs with a view toward identifying factors that may be useful in predicting the potential of an individual to be selected to assume the responsibilities of a CEO. More specifically, the following research question is investigated: Do CEOs have common traits or experiences that can predict their selection for the position of CEO?
The literature reviewed focuses primarily on the traits and experiences of CEOs of major corporations and on the traits and experiences used by major corporations in the selection of individuals for CEO appointments.
From the Paper:
"Pasternack, Van Nuys, and Perkins (1998) identified four behaviors that lead to CEO success. First, a successful CEO acts promptly once a problem has been identified and its character diagnosed. Equally important to CEO success, in this regard, is that a CEO should not act in a precipitous manner. Second, subordinate managers who do not actively support a CEO's program should be replaced quickly. Third, a CEO should prioritize her or his time and adhere to the policy thus established. Fourth, a successful CEO quickly establishes strong relationships with members of the firm's board of directors.
Paul de Benedictis (2000), Vice-President at Christian & Timbers, an executive search firm, holds that: ?Executives are hired on technical traits and are usually fired because of the wrong combination of human characteristics, or ?soft traits.? The essential elements of these "soft traits" include honesty and integrity, intellectual capacity, intensity, leadership and passion? (pp. 1-3)."
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