How to become a CEO in 2025 or future? | ChapterTech

How to become a CEO in 2025 or future?

Want to become the CEO of a famous and great company in 2025, Do you want to get a dreamed package of 1-10 crore per annum?Want to become a big business man in the future? If yes ,so must explore all the secret hacks that people don't know for and make mistake in future, Are you one of them?Check now!

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CEO(Chief Executive Officer)

We all have heard about the term "CEO". And every child has a dream to become a CEO because of its salary, respect and popularity in the society. 

What is exactly a CEO? 

A CEO is the highest position of a company or an organisation.It is like a leader. It is responsible for overall management of the company.It is responsible for the success and failure of the organisation.According to a report ,It is said that only 6-7% of the CEOs are women in the world.CEO can influence 45% of its company. There can be more than 1 CEO in a company. It is found that it spends 72% of its time in meetings.

What are the role and responsibilites of CEO?

 

The role of CEO means working in a high-stakes and high-pressure environment. From navigating partnerships and communicating with stakeholders to overseeing all components of a business, CEOs carry a heavy burden. Ultimately, the growth of a business falls on the shoulders of a CEO.

1.Setting executive and organisational strategy

Setting strategies as a CEO is about painting a bold vision of the future and rallying the entire organisation to bring it to life. It's about making and deciding ,clear and doable goals that motivates the team while keeping stakeholders concentrated and exciting about the journey forward. Strategic leadership means being the architect of smart resource allocation, ensuring every dollar, hour, and talent is driving meaning impact.

2. Financial management

One of the important responsibilities include the financial management for the company.He/She has the duty to set and manage the overall budget in order to effectively executive strategic initiatives ultimately falls upon the CEO.

3. Making decisions

A CEO makes decisions for the company that affects its performance, success, and direction. They have ownership of the mission and vision of the company and for them to retain focus on these goals, they must take an informed decision.They perform this by making high-level decisions and setting strategy and vision. They also play the role of leading and guiding the management team and executive leadership. CEOs are also decision influencers, and they do this by assigning effectively, being forward thinking and flexible.

4.Managing resources

The CEO accomplishes this by delegating resources to various departments and projects within the company. They evaluate the effort needed for projects and assign suitable resources accordingly. They also make certain that resources are utilized efficiently to meet the organization's objectives. Additionally, they oversee the management of the organization's budgets and financial matters.

5. Operations management

In the realm of management, a CEO is accountable for the company's overall administration. This encompasses supervising the activities of other executives, including the CFO (chief financial officer) and the COO (chief operating officer), along with managing the company's personnel.

6.Monitor company performance

A CEO has the final accountability for a company's financial results. They often use both financial and nonfinancial indicators to monitor the organization's progress. Typically, they request reports from their immediate team members to quickly assess the performance of different segments within the company and to determine necessary strategic actions.

7. Communicating with Stakeholders

The CEO embodies the organization’s image. They could be engaging with the public, media, lawmakers or other regulatory bodies, employees, clients, suppliers, or various stakeholders interested in the company's activities. Communicating key aspects of the vision, values, and mission is essential, but embodying these values is even more vital. The CEO is essentially always “on duty” – there is constantly someone observing or listening.

8. Creating a good work environment

The environment and culture of the workplace are governed by the chief executive officer. He is in charge of establishing the tone at the top and establishing a productive workplace that will encourage achievement. The CEO is always looked to by staff members to uphold and foster a positive workplace culture. They can accomplish these tasks efficiently if they show gratitude to each team member who collaborates with them.

Having a positive attitude toward those you disagree with and controlling your emotions to resolve conflicts are both essential components of clear and compassionate communication. establishing the company's values and ensuring that all stakeholders understand them, as well as developing and disseminating a vision so that everyone is aware of and in agreement with the organization's vision.

9. Long-term goal setting

Ultimately, a CEO must prioritize the growth and progress of the organization. This involves spotting and chasing new business prospects, innovating new products and services, and venturing into fresh markets. A CEO should maintain a long-term perspective and strive to cultivate a sustainable and profitable enterprise.

10. Building the Senior Leadership Team

Top talent can be drawn to companies with effective CEOs. They are in charge of creating and managing the executive team of leaders, who in turn select and manage middle and upper management within their divisions, but they are not in charge of hiring or firing every single employee.

The chief financial officer (CFO), chief operating officer (COO), and any other C-suite positions that may exist (chief risk officer, chief technology officer, chief strategy officer, chief investment officer, etc.) are all part of the executive leadership team.

Although the Board typically defers to the CEO's recommendation or recommendations, it does have final (formal) authority over hiring decisions at the C-level in many organizations.

10 secret hacks that people don't know

1. They break out of their comfort zone 

Don’t get too comfortable with your schedule. Break free from the norm every once in a while in order to welcome inspiration and new energy. For example, Raaja Nemani, co-founder and CEO of BucketFeet told Inc. Magazine, “Every day, I force myself to do something that is out of my comfort zone. If I hadn’t left my comfort zone back in 2008 to buy that one-way ticket to Buenos Aires, I never would have met my business partner, Aaron Firestein, and BucketFeet would never exist.” 

2. They don’t waste a second

When CEOs find themselves in transit – during the morning or afternoon commute, for example – they use the time to continue learning or working. Listening to self-improvement books in the car is one way to put that time to good use. Listening to the news, learning another language or scheduling important calls during the commute are other options for making the most of that time. 

3. They seek inspiration

Successful CEOs like to learn from other successful people by reading and watching speeches, for example. Platforms like TED allow for a rapid exchange of ideas from experts around the world. It’s important to pay attention and listen to what experts in your field are saying. 

4. They create a cocoon of support 

Surround yourself with people who care about you and want to see you succeed. Having a strong support system will make a big difference when times are tough at the office. Professionally, you also want to be around people who have complementary skills to yours so that together you are a stronger and more versatile team. 

5. They exercise daily 

Exercising is a great way to start or end the workday. Exercise helps to relieve tension, clear the mind and to make room for creativity. People who exercise are stronger and happier. It really helps to have an exercise routine to get through problems that arise in the office. 

6. They are ALWAYS on time

 Being punctual is an important habit for anyone who wants to succeed in the business world and wants to be respected by their colleagues. Andy Bailey, the founder of Petra, told Inc. Magazine, “I strive to be on time for every appointment, every day, without exception. This may seem like a no-brainer in the business world, but you would be surprised how many people still don’t make this a priority. It’s mind-boggling. If a leader is consistently late, it tells others that he or she is unreliable or has no respect for the time of the individuals he or she works with. If he or she is on time, the opposite is true.”

 7. They say “yes” whenever possible

 Always take advantage of new opportunities to network and learn. It’s important, while not stretching yourself too thin, to agree to as many meetings and engagements as possible. There’s always the opportunity to meet a new business partner, learn some new, vital information or become inspired by a colleague.

 8. They nurture the body and mind 

Yoga and meditation are incredibly useful tools to help relax, clear the mind and revitalize. They are common practices among successful business people and are optimally done at the beginning and end of each day in order to achieve a sense of calm.

 9. They refuse to have a bad day 

Some days are better than others, but even the worst days offer the opportunity to learn. Inc. Magazine quoted Dan Teran, co-founder and CEO of Managed by Q as saying, “I am a huge fan of Mike Bloomberg and recently saw him speak in a conversation with Alan Patricof at an event. At one point, he turned to Patricof and said something to the effect of, ‘Alan, I’m 73 years old, I don’t do doubt and I don’t do bad days.’ That really stuck with me. Running a company is really hard, and every day is different, but having a bad day is a choice.” 

10. They eat well

 Paying attention to nutrition is an important habit of the world’s most successful people. It’s important to incorporate good, clean eating into one’s daily routine. “I have been having the same breakfast of a protein shake with healthy fats, a fresh pressed juice full of vegetables, and a double espresso for as long as I can remember. While I press the juice, I recite the three things I am most appreciative of that morning,” Michael McDevitt, CEO of Terra’s Kitchen told Inc.

What are the degrees required for becoming a CEO?

Becoming a Chief Executive Officer (CEO) is a journey that combines education, experience, and leadership skills. While there is no single degree required to become a CEO, certain degrees are more common and helpful in preparing someone for an executive role. Here are the most common degrees people pursue when aiming to become a CEO:

Undergraduate Degrees:

• Business Administration: This degree teaches the basics of running a business, including finance, marketing, and management. It’s a strong foundation for anyone interested in a leadership role.

• Finance: A finance degree focuses on money management, investment, and financial planning, which are important skills for a CEO when making financial decisions.

• Economics: With a degree in economics, you learn about how markets work, how people make financial decisions, and the impact of economic policies. This helps a CEO understand larger economic trends.

• Engineering: Engineering degrees help develop problem-solving skills and technical knowledge, especially useful for CEOs in industries like technology or manufacturing.

• Computer Science: For those interested in leading tech companies, computer science is a key degree as it teaches about technology, programming, and innovation.

• Healthcare Administration: This degree is helpful for those planning to lead hospitals or healthcare organizations. It focuses on managing healthcare systems and policies.

• Management: A degree in management focuses on leadership and how to organize people and processes effectively, making it useful for CEOs in any field.

Graduate Degrees:

• Master of Business Administration (MBA): An MBA is one of the most common graduate degrees for future CEOs. It provides in-depth knowledge of running a business and managing teams. It also helps with networking and making connections in the business world.

• Master’s in Finance or Economics: These degrees dive deeper into financial and economic topics, helping future CEOs make well-informed financial decisions.

• Master’s in Technology or Engineering: If you're planning to lead a tech company, a master’s degree in technology or engineering is valuable, as it helps build advanced technical knowledge.

• Doctorate (PhD): While less common, a PhD in fields like economics, technology, or business can provide deep expertise. This can be helpful for CEOs who want to lead research-based industries.

Real-World Examples:

Some successful CEOs didn’t follow the traditional educational path:

• Bill Gates (Microsoft) dropped out of Harvard to build his company.
• Mark Zuckerberg (Facebook) also dropped out of Harvard to focus on creating Facebook.
• Larry Ellison (Oracle) dropped out of two colleges before founding Oracle.
• Michael Dell (Dell Technologies) dropped out of the University of Texas to start his computer company.
• Steve Jobs (Apple) dropped out of Reed College to focus on creating Apple.

These examples show that while formal education can be helpful, experience, passion, and a willingness to take risks are also important for success.

In Conclusion:

While degrees like Business Administration, Finance, and MBA are helpful, they are not the only path to becoming a CEO. Experience, leadership skills, and an understanding of the industry you work in play an equally important role. Many successful CEOs have diverse educational backgrounds and have worked their way up through experience, proving that passion, hard work, and the ability to lead are key to reaching the top.

Pros and Cons of Becoming a CEO

Becoming a Chief Executive Officer (CEO) is a significant achievement that offers numerous benefits but also presents certain challenges. Understanding these can help you decide if this career path aligns with your goals and values.

Advantages of Becoming a CEO:

1. High Earnings: CEOs often receive substantial salaries, bonuses, and other financial benefits, reflecting their leadership and the company's success.

2. Influence and Decision-Making: As a CEO, you have the power to shape the company's direction, make key decisions, and implement strategies that can lead to growth and innovation.

3. Professional Recognition: Leading a successful company can earn you respect and recognition in the business world and beyond.

4. Personal Growth: The role challenges you to develop a wide range of skills, including leadership, problem-solving, and strategic thinking.

5. Networking Opportunities: CEOs often interact with other industry leaders, opening doors to valuable connections and partnerships.

6. Ability to Make a Significant Impact: CEOs have a unique opportunity to make a considerable impact—not just within their organization but also in the industry and community at large.

7. Legacy Building: Many CEOs are driven by the desire to build something enduring—a company that makes a difference, innovates, and stands the test of time.

Challenges of Becoming a CEO:

1. High Stress and Responsibility: The pressure to make decisions that affect the company's future can be overwhelming.

2. Long Working Hours: CEOs often work beyond the standard 9-to-5 schedule, including evenings and weekends, which can impact work-life balance.

3. Public Scrutiny: Your decisions and the company's performance are closely watched by the public, media, and shareholders, which can be stressful.

4. Accountability: As the top executive, you are ultimately responsible for the company's successes and failures, which can be a heavy burden.

5. Limited Personal Time: The demands of the role can leave little time for personal activities or family, potentially affecting personal relationships.

6. Public Scrutiny and Media Pressure: CEOs are often the face of the company, and their actions and decisions are closely monitored by the public and media.

7. High Expectations: Stakeholders expect CEOs to deliver consistent results, which can create immense pressure to perform.

In summary, while being a CEO offers significant rewards like high earnings, influence, and personal growth, it also comes with challenges such as high stress, long hours, and public scrutiny. Weighing these pros and cons can help you determine if this career path is right for you.

Top 10 CEO Packages

1. Elon Musk, Tesla Inc.: $23.5 billion per year

Elon Musk is from South Africa and is the CEO of Tesla. He is also the founder of SpaceX, Neuralink, and The Boring Company. Musk became the world’s richest person in 2021, mainly because of Tesla. His salary at Tesla is not very high, but he gets a lot of stock options. In 2020, Musk's stock award was worth $2.28 billion, making it the biggest CEO pay ever.

2. Tim Cook, Apple Inc.: $770.5 million per year

Tim Cook is the CEO of Apple, one of the most valuable companies in the world. He joined Apple in 1998 and became the CEO in 2011 after Steve Jobs resigned. Under Cook's leadership, Apple has released products like the iPhone and iPad and entered new areas like healthcare and media streaming.

3. Sundar Pichai, Alphabet Inc.: $280 million per year

Sundar Pichai is the CEO of Alphabet, the parent company of Google. He is from India and joined Google in 2004, becoming CEO in 2015. Pichai has helped Google grow by launching new products like Google Home and Google Pixel.

4. Jensen Huang, NVIDIA: $561 million per year

Jensen Huang co-founded NVIDIA, a company known for its gaming consoles and work with Artificial Intelligence. He earned $561 million from stock options that were given to him in 2011 and 2012.

5. Reed Hastings, Netflix: $453.5 million per year

Reed Hastings co-founded Netflix and is the CEO. Under his leadership, Netflix grew from a DVD rental service into a global leader in streaming movies and TV shows.

6. Leonard Schleifer, Regeneron Pharmaceuticals: $452.9 million per year

Leonard Schleifer is the co-founder and CEO of Regeneron Pharmaceuticals. His company makes important medicines for treating diseases like asthma, cancer, and pain. Regeneron became even more popular after helping with COVID-19 treatments.

7. Marc Benioff, Salesforce: $439.4 million per year

Marc Benioff founded Salesforce, a company that helps businesses with software for customer relations. Benioff is known for saying, "The End of Software." Salesforce has grown a lot by buying other companies, including MuleSoft and Slack.

8. Satya Nadella, Microsoft: $309.4 million per year

Satya Nadella is the CEO of Microsoft, one of the biggest tech companies. Many people believe Nadella deserves even more pay than he gets because of how well he has led the company.

9. Robert A. Kotick, Activision Blizzard: $296.7 million per year

Robert Kotick has been the CEO of Activision Blizzard since 1991. The company is famous for video games like Call of Duty and World of Warcraft. Activision is also one of the top companies on the Fortune 500 list.

10. Hock E. Tan, Broadcom: $288 million per year

Hock Tan is the CEO of Broadcom, a company that makes semiconductors and software products. He is from Malaysia and went to MIT on a scholarship before entering the business world.

These CEOs earn huge amounts of money from a mix of salaries, bonuses, and stock options. The pay is often tied to their company's success and growth.

Conclusion

Becoming a CEO is a highly rewarding but challenging journey. It requires a combination of education, experience, and leadership skills, as well as the ability to make tough decisions and lead a company towards success. While the path to the top may not be the same for everyone, pursuing degrees like Business Administration, Finance, or an MBA can provide a strong foundation for aspiring CEOs.

The role of a CEO is filled with responsibilities, including setting strategies, managing finances, overseeing operations, and building a positive work culture. Successful CEOs also embrace habits like continuous learning, time management, and maintaining a healthy work-life balance.

For those who dream of becoming a CEO, it's essential to break out of your comfort zone, stay focused, and build a strong support system. While the job comes with stress and long hours, the rewards in terms of influence, financial success, and personal growth can be immense.

Ultimately, if you are dedicated, willing to learn, and can lead a company with vision and passion, the dream of becoming a CEO in 2025 or the future is within your reach. Stay driven, embrace challenges, and keep your eyes on your long-term goals to achieve great success in the business world.