Entrepreneurs seek inspiration and loyalty from their leadership team

The highest three traits that CEOs search for from their management group are inspirational (21%), loyalty (21%) and adaptableness (20%), based on ECI Companions’ new Progress Traits report. Curiously, the views of female and male CEOs and founders differed when it got here to the important thing traits of their management group. 1 / 4 of feminine CEOs (25%) stated adaptability was essentially the most sought-after attribute, whereas male CEOs acknowledged that the highest trait was being inspirational (24%).

ECI, the growth-focused non-public fairness agency, surveyed over 500 fast-growth SME enterprise leaders as a part of its annual Progress Traits report. The outcomes spotlight what CEOs contemplate to be a very powerful traits of their management group, as effectively asking them to prioritise present challenges, how necessary ESG is to their methods, and what hires they wish to make at Board stage.

With regards to motivating a management group, CEOs acknowledged that open and sincere communication (24%), having a powerful social goal (24%) and efficient suggestions and growth targets (23%) are essentially the most profitable methods of driving engagement. The outcomes distinction with final 12 months’s report which highlighted the highest trait that CEOs felt was most necessary for their very own position, which was being life like (25%).

Chris Watt, Managing Accomplice at ECI Companions stated: “A incredible group on the prime is all the time vital to enterprise success however is all of the extra necessary when navigating headwinds. What our Progress Traits analysis demonstrates is that regardless of the challenges they face, leaders are excited in regards to the future and need an inspirational and dependable group round them to assist them ship on their ambitions.”

Graham Cooke, CEO at Zenergi stated: “Enterprise leaders look to their group for inspiration as a result of that’s precisely what a group is. A Board should be capable of collectively debate, problem and encourage everybody within the pursuit of their targets. For me, it’s not about my ego or me having all of the solutions. All of us must contribute to discovering the appropriate options which might be the very best for the enterprise and encourage everybody to make tomorrow higher than in the present day.”