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ճexecutive roles of theC-suiteare thetarget destinationsڴǰپdzܲbusiness leaders,and the position of䷡is the ultimate prize for many.A found a diverse pathway to become a CEO, but somethinga majority of theCEOs had in common wasadvanced degrees.

Paths to becomeCEO

The modern CEO

Heidrick’s studyfoundthat companies hiring externally favored other䷡s, ready to tackle the challenges of global business in a pandemic. Internally,division leaders were favored, particularly COOs. But these more traditional paths only accounted for 20% of CEOs.The rest followed a diverse range of paths,with companiesvaluing a wider rangeof backgrounds, skills andlevels ofexperience.

“Though CEOs expect to rely ever more on their teams, boards are also increasingly seeking diversity of experience and thought in the CEOs themselves,”says the report.So how do youensure yourCEOstrategywill secure you the top role?

Set your CEO agenda

To ensure you’re on the right track, you need toplan like a CEOand get into the mindset.Create your own CEO agenda and consider what you want to accomplish with it.What are your goals? How will you judge at year’s endifyou were successful in reaching them? Are you heading in the right, proactive direction toward success?

Acanhelppotential䷡s better grasp the knowledge, mindset, skills and capabilities needed to lead companiesto the next level of excellence.

Plan your succession

Heidrick’s 2020 CEO report foundthat companies are increasingly developing internal successors as CEOs.In today’s extraordinary business conditions,companiesare bringing inpotential CEOs at one or two positions below CEO levelto allow executives to immerse themselves in the businessculture.

This givescompanies a range of candidates to choose from, soit’s essential that youare strongly aligned with the company’s vision if your goal is toemerge asthenaturalsuccessor to the䷡.

“The case for a functional CEO is strongest when his or her expertise is core to a company’s critical business challenges,”fromglobal strategy and corporate financefirm McKinsey.“Organizations in the midst of a major digital transformation might benefit from a CTO in the top spot, and a CMO-turned-CEO could be just what the doctor ordered for a company rethinking its brand portfolio.”

How to become CEO

Look to the future, not the past

In a somewhat prescientin 2013,leaders suggested that an increasingly disruptive environmentmakespast performance an unreliable indicatorof future CEO success.“The great majority see their companies’ ability to effectively identify and nurture great future leaders being significantly hampered by an increasingly complex business landscape,” the report correctlyprojected.

More important than past performance, they overwhelmingly agreed,is identifying the personal traits that indicate leadership potential.

, such as an, exposes you to the latest trends, ideas and concepts shaping global business and gives you the knowledge, insight and mindset you need to drive and sustain competitive advantageto become great leader.

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