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Why is it called CEO and not executive director?

What has been a general director or executive director all his life, today is given the label of CEO. If you have ever wondered why it is called CEO, we give you the key clues to understand it.

CEO comes from the English "Chief Executive Officer" where, literally, it means something very similar to "executive director." The difference is not in the words we use but in the different concept of leadership that those responsible for companies assume today.

Times change and so do companies.

The CEO is not only a new way of calling the boss but is also related to the figure of the multidisciplinary professional. Just as it is valued in workers who are capable of developing their work beyond their area strictly defined by their training, a CEO is also required to be a person capable of taking into account all the pillars of the company: customers, legality, financing, employees, etc.

The fact that we incorporate all the concepts of the new times as Anglicisms is something natural taking into account where we also acquire those concepts. The large companies that lead the way for others have been those on the other side of the pond for years. Google, Amazon, Apple or Walmart or even non-profit initiatives such as Wikipedia, among many others, all of them come from the US.

Differentiating factors of a good CEO

  • A good talent capturer: A good CEO knows how to recognize other people's talent thanks to their high level of self-knowledge. They are more capable of identify defects and virtues of the professionals.
  • Emotional balance: Motivational phrases like “how hard you get up is more important than how many times you fall” are more right than it seems. And people with the soul of leaders achieve accept failures better and not settle in or celebrate the triumphs too much.
  • Ability to lead: Being a leader has nothing to do with being a boss, but it helps to carry out many responsible professional tasks in a much more organic way. The leader is the one who has the ability to take a step forward taking the risk and makes others follow him.
  • Connection with current events: The best CEOs transform passion for their work or their sector into a direct connection with current events. They know what the realities are now being experienced in the sector and this is the best tool to understand the future of a company and know how to adapt to it.

What to do to improve

These are some of the qualities that can help you be a better CEO. The best quality in a person is their capacity for learning and effort. That is why natural qualities are only factors that can make a difference with others or that help you perform your tasks better, but Working to improve will be something necessary for everyone.. Study the master's degree Financial Management, Accounting and Labor Management It is a good way to better understand one of the company's pillars, start a professional career or evolve in the one you have already started.

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