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Hint: it’s a lot less than what mainstream media reports imply.
As a rule, there aren’t many of them: those fast-thinking, hyper-successful CEOs that have their companies on the move, setting strategy for the short term and the long haul, always ready with an all-important pivot, keeping investors happy in one room, developing radical new tactics with a visionary’s confidence in the next, all the while holding competition at bay.
New research reveals the most popular routes into the executive suite.
There is no single formula to follow to become an executive at small or large companies. People who become executives often go through similar stages that involve acquiring the education, training and experience needed to do their jobs. The positions that aspirants take as they pass through those stages can affect how long it takes them to reach the executive level.
Business executives need a wide variety of skills to perform their jobs, but the route to becoming an executive can take a wide variety of paths.
Any successful executive will tell you that there's a game in business. If you're not willing to play the game, you can't win at it. So while many people aspire to reach the executive level in their company, they won't.
How does one become a chief executive officer (CEO)? Is there a certain blueprint to follow in order to attain this prestigious title? What professional and personal traits are necessary for the position?