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

    of the stock price increases when firms increase incentive pay for CEOs suggest that most CEOs do not receive enough incentive compensation? Explain. I do not necessarily believe that just because stock prices increase when CEOs incentive pay has increased suggests that they do not receive enough incentive compensation. There are many factors that could lead to the stock price increase. One such example is that since the CEO has been given more compensation this may show consumers that the

    Words: 943 - Pages: 4
  • Ceo Compensation in the Pharmaceutical Industry Essay

    seem to be well aligned with short term or long-term company performance. Continual distribution of such grandiose compensation will definitely cause a misalignment of CEO incentives. Finally, Vertex was the smallest of the pharmaceutical companies we analyzed. Being a much smaller-scale organization, Vertex’s second-year CEO has a justifiably lower base salary than the previously mentioned individuals. Vertex does mention that part of its compensation plan is to attract experienced and motivated

    Words: 1308 - Pages: 6
  • Essay on Power Is Money; Money Is Power

    Money and power do not just apply to college. A child who has a wealthy family is going to have an easier job getting good grades. One of the main reasons is that the parents probably got a good education and know how important education is in life. Most likely, the child will have an encyclopedia and a computer which will make it easier for the kid to get better grades. In many cities throughout the United States, safety is a big factor in peoples' lifestyles. Families with money can afford

    Words: 609 - Pages: 3
  • Presidential Power: The Power of Persuasion Essay

    General MacArthur, steel mill seizures, and the sending of federal troops to desegregate Little Rock’s Central High School) in order to show where presidents have used the power of command (Neustadt, pp. 10-11). He insists that the power of command is used very lightly in the modern presidency and before presidents use these powers they must have exhausted all remedies and gone through the necessary steps such as informing the public before going through with any command decision. Command decisions

    Words: 1914 - Pages: 8
  • Decision Making Process: CEO vs. CIO Essay

    people. Most time an organization needs someone to be a CIO or CEO with lots of personality to management the information systems. The third factor is the experience of the CIO and CEO (lecture2, week 8, 615110). As companies from all corners of the world week to serve international outlets, and cross border acquisitions become more and more common and create large globe corporations, it is frequently expected a CIO or CEO possesses an foreign cultures and an understanding of doing business

    Words: 1947 - Pages: 8
  • Essay on Power

    Legitimate power depends on a person’s organizational role. Some people make things happen because they have the power or authority to do so. The boss assigns projects; the coach decides who plays; the teacher assigns homeworks. Reward power involves the potential to influence others due to one’s control over desired resources. This can include the power to give raises, bonuses, and promotions; to select people for special assignments or desirable activities; to distribute desired resources like

    Words: 1338 - Pages: 6
  • Essay about The Power of Words

    considered intelligent, if a person were to use a great deal of slang and simple sentences with basic vocabulary that person will be considered unintelligent. It is the same principle of dehumanization Robin Tolmach Lakoff (2009) uses in her essay The Power of Words in Wartime when she writes “Soldiers, and those who remain at home, learn to call their enemies by names that make them seem not quite human ¬¬¬¬ — inferior, contemptible, and not like “’us.’”” (p.363) Many people consider those less

    Words: 987 - Pages: 4
  • Power Corrupts, and Absolute Power Corrupts Absolutely Essay

    husband’s letter, her actions and plot ideas with her husband soon after in the following act, proved that Lady Macbeth had gone completely corrupt with the desire for power. She tells her husband to “look like the innocent flower, / but be the serpent under't (1.V).”This quote shows the extent of her cruel thoughts and how power can absolutely cause one to be so corrupt. She wants her husband to look sweet, innocent and loving from the outside, but be corrupt, dishonest and deceitful on the inside

    Words: 1117 - Pages: 5
  • Essay on Power of Chanting

    brilliant opportunity to help others form a connection with Buddhism. Herein lies the path to creating peace. Herein lies the path to happiness and victory. No. 8028 Friday, July 2, 2010 SGI President Ikeda’s Essay Our Brilliant Path to Victory The Daishonin writes: “It is the power of the Buddhist Law that enables the deities of the sun and moon to make their rounds of the four continents” (WND-1, 685). The entire universe moves in accord with the fundamental rhythm of the Mystic Law. By vibrantly

    Words: 706 - Pages: 3
  • Essay on Power Influence and Politics

    Charismatic Power can be seen as an extension to referent power that one possesses from his or her personality and interpersonal style. Conditions for Using Power Dependence is a key criteria for a person to wield his or her power. The capability to influence others depends on how much the person needs the resources are dependent on leader: for example, the power to promote someone or the possession of scarce resources. If there are alternative sources to resources available, the dependency

    Words: 3259 - Pages: 14