The Power of a CEO Essay

1698 Words 7 Pages
CRAM Exclusive
Essay Sample
Setting the strategic vision of the company is a prime example wherein a CEO can be solely responsible for leading a company to glory or unleashing a catastrophe. An example of successful strategy formation by the CEO alone rests in the case of Intuit’s CEO Scott Cook who was directly responsible for Intuit’s success in 1991 when he unveiled his new company vision and strategy. Cook dreamed that Intuit would become the nucleus of computerized personal finance in the world and infected all his

middle of document…

According to Charam (SOURCE) ‘More than any other way CEO failure results from failing to put the right people in the right jobs (SOURCE) just as CEO success stems from being able to engineer a winning culture and strategy, designed to support an environment which will attract and keep top talent but also create sustainable long-term success. The CEO is a rolemodel whose workers consciously or unconsciously follow him in the minutest details: how he appears, dresses, speaks. Being scrutinized by all in the ranks below him he is able to lead with his example, but can also judged by the same standards he created and accountable to them in a negative manner. This makes him directly responsible for the success or failure of his company once more, because by creating culture through his very behaviour he can either attract or repel high-quality employees and talents and can either inspire people to do their best or worst.

Netflix CEO, Reed Hastings, is just such an example of someone who contributed to the success of a company by forming a company culture strategy that raises the aspirations of his workers with a leadership style that stresses ‘freedom and responsibility’ and draws topnotch workers by giving them trust. By paying high salaries to his staff, allowing them to construct their own compensation packages and enabling his workers to have an unlimited
CRAM Exclusive

Related Documents

  • Ceo Compensation Essay example

    The Debate over CEO Compensation Analyzing Managerial Decisions: The Debate over CEO Compensation 1. Do you think the fact that most American CEOs are paid so much more than rank-and-file employees suggests CEOs are overpaid? Explain. I do not believe that just because American CEOs are paid much more than rank-and-file employees suggest that they are overpaid. Many CEOs whose salaries and compensation packages are discussed in the news are the CEOs from the largest American corporations

    Words: 943 - Pages: 4
  • This Ceo Is Out for Blood Essays

    CASE OF STUDY: This CEO is out for blood Mircea Muntean Nov 8 2014 Cohort 12 Abstract The documents contains questions and answers about Elisabeth Holmes and its company Theranos, a revolutionary concept for health care. 1. What are the factors that have shaped Elizabeth Holmes as a leader? Elizabeth Holmes was actually born as a leader. She has all the characteristics

    Words: 2463 - Pages: 10
  • Ceo Compensation in the Pharmaceutical Industry Essay

    corporations, but there are serious flaws in how they have been implemented, particularly for executives. In this paper, we are going to discuss the incentives of four different CEO from Pharmaceutical Industry. Pfizer Merck & Co Bristol-Myers Squibb Vertex 2012 Revenue $59B $47B $21B $1.5B 2011 Revenue $65B $48B $19B $1.0B CEO Read Frazier Andreotti Leiden Base $1.75M $1.5M $1.6M $1.0M Annual Incentive $3.4M $2.5M $3.8M $2.1M Annual LT Incentive (Stock and Stock Options) $12.9M $7.1M $10.9M $2

    Words: 1308 - Pages: 6
  • Leadership Styles of Ceos Essay

    Introduction: Change is a basic part of life. Leaders, whether it be the CEO of the company or you, must anticipate forces that will cause changes, identify opportunities that will require changes, react to unforeseen events that make changes imperative, and work with others to overcome the predictable reactions to change, which almost always include some amount of resistance, often to a significant degree. As a leader, you sometimes need to be conservator of values and institutions that

    Words: 1367 - Pages: 6
  • Essay on Ceo Liability Brief

    1. Teddy's Supplies' CEO has asked you to advise him on the facts of the case and your opinion of their potential liability. Write a memo to him that states your view of whether the company is exposed to liability on all issues you feel are in play. Include in your memo any laws that apply and any precedent cases either for or against Teddy's case that impact liability. Include your opinion of the "worst case" of damages the company may have to pay to Virginia. (Points : 30) Dear Sir, I believe

    Words: 2916 - Pages: 12
  • Ceo Pay, Compensation Websites and Managerial Implications of Compensation

    of CEO pay that managers need to understand. CEO Pay Overview It seems as though no matter how bad the economy gets or how poorly a company performs, the Chief Executive Officer (CEO) (and other top executives) always come out in the best possible position, especially with compensation. Besides lavish compensation packages and best possible amenities, the CEO’s generally enjoy large severance packages or “golden parachutes”. Severance packages are basically contractual deals between the CEO and

    Words: 4615 - Pages: 19
  • Essay on Power

    Influence is the essence of leadership. To be effective as a leader, it is necessary to influence people to carry out requests, support proposals, and implement decisions. Power- The concept of "power" is useful for understanding how people are able to influence each other in organizations. Power involves the capacity of one party (the "agent") to influence another party (the "target"). Authority involves the rights, obligations, and duties associated with particular positions in an organization

    Words: 1338 - Pages: 6
  • Essay on Power Is Money; Money Is Power

    Power is Money; Money is Power Power is money and money is power. There are many more examples of this now than anytime in the past. One of the most obvious examples is politics. Ross Perot was an unkown multimillionaire and his money is the only reason that he made it into the presidential election. If a man who earned a standard salary wanted to run for president, he would have almost no chance at all unless he was backed by people with money. Every four years when the U.S. Presidential

    Words: 609 - Pages: 3
  • power and politics Essay

    Politics and Power Paper      It is not about “what you do”, “it is about who you are and who you know”. As employees, we have all heard sayings like this before when it comes to the business world. The “power and politic” mindset is a direct result of the type of tug of war experienced for millions of years; from prehistoric times through modern day. Ever since Ugha smashed Mugha in the head with a club back in prehistoric times, politics have been around in the workplace. Politics are a subliminal

    Words: 2030 - Pages: 9
  • Presidential Power: The Power of Persuasion Essay

    Presidential Power: The Power of Persuasion Political scientists have continually searched for methods that explain presidential power and success derived from using that power effectively. Five different approaches have been argued including the legal approach, presidential roles approach, Neustadtian approach, institutional approach, and presidential decision-making approach. The legal approach says that all power is derived from a legal authority (U.S. Constitution). The presidential roles approach

    Words: 1914 - Pages: 8