CEOs: Actions and Traits That Result in Profitable Companies

Abstract

Chief Executive Officers (CEOs) are in leadership positions and have a major impact on company profitability. The problem is that their degree of success ranges from those that always achieve high profits year after year to those that are unprofitable and even bankrupt. It would follow that the consistently profitable CEOs implement different actions and behaviors than non profitable CEOs. Specifically, profitable CEOs seem to maintain the focus of their attention on profitability as a goal. The focus is manifested by creating a profit-oriented corporate strategy and structure. Subordinates and supporting teams are nurtured and motivated to focus on the goal of profitability. Accounting and finance skills are emphasized in critically analyzing daily decisions.