Ram V Chary Takes a Good Look at the Ideal CEO

Ram V Chary's Insights on Becoming an Excellent CEO

As the face and leader of a company, the CEO holds a crucial role in shaping its direction and success. Ram V Chary says an ideal CEO possesses diverse skills, from strong leadership to strategic thinking and problem-solving. They should be able to inspire and motivate employees while driving innovation and growth within the company.

Additionally, an ideal CEO is adaptable and able to navigate through unexpected challenges, balancing short-term needs with long-term goals. Ultimately, a CEO's effectiveness is shown in their ability to steer the company towards success, positively impacting the company culture and beyond.

The ideal CEO has a balanced focus on both short-term and long-term results. A good example is Pier Luigi Ferrari, CEO of the legendary car company Ferrari. At the beginning of his tenure, he reduced production costs and increased profit margins. He did this by outsourcing most car components to remote suppliers. His actions gave a short-term boost to Ferrari's profits.

After that, Luigi revised the company's focus from racing to creating luxury sports and road cars. He improved production efficiency and improved relationships with customers. He introduced customer clinics where customers could discuss their needs with engineers and managers directly, says Ram V Chary.

Another quality of a good CEO is their ability to grow the company. Disney CEO Robert Iger proved his ability to make a profit and grow the company when he signed an agreement with Pixar Studios to buy its assets for $7.4 billion. This deal included all of Pixar's intellectual property and future revenue from movies still in production and those yet to be released.

This move turned out to be a success. But Iger didn't stop there. He followed it with a deal with George Lucas' company Lucasfilm for $4 billion. This deal included the rights to Lucasfilm's Star Wars franchise and other future revenue from movies still in production and those yet to be released.

Moreover, Ram V Chary says a CEO should have a clear vision for the company's direction and future. For example, Apple CEO Tim Cook described his plans in 2011 during an interview with Bloomberg Businessweek. He stated, "I don't feel pressure, but I'm aware that people are watching to see what happens."  Cook continued explaining that he focused on growing revenue and introducing new products.

For more on Ram V Chary and his past posts, check out this blog.