So You Want to Be CEO

Of designated CEO successors hired externally, 75 percent never make it to the corner office. Among those who do, most don't last more than two years. If you're an aspiring CEO, you can beat those odds--by mastering the unique skills required for success at the top.

For example, demonstrate your readiness to become CEO: Don't get dragged into immediate details. Instead, continually look ahead three to four years with larger concerns in mind, such as where your company's competitive edge may be threatened and what major rivals are doing that leaders in your company haven't thought about. And test your people to see if they can step up to the next level.

By Editors  |  September 15, 2008; 10:30 AM ET  | Category:  Management Tip of the Day
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