Finding talent should be a CEO's first priority, as has been distinctively noted by Andrea Jung, president and CEO of Grameen America. Even the best leaders are only as capable as the people with whom they choose to surround themselves. One of the most important traits of a good leader is the ability to recognize valuable skills and positive qualities in others, and thus placing these key individuals in roles where they will have an opportunity to excel.
It's become increasingly crucial that modern CEOs be able to accurately evaluate the potential in others and assemble a team that will help the company succeed. In fact, a recent study by Deloitte indicates that digital changes in the workplace have altered the roles of leaders by creating an increased focus on teamwork.
According to Jerry W. Thomas, president and CEO of Decision Analyst, "Senior executives tend to think that they know more than they actually know; after all, they are members of the human race." He explains that the actual challenge is the search for truth within the unknown, which can be achieved through basing decisions on facts and evidence. Thomas continues, "The ultimate prize is [the] understanding [of] cause and effect so that executives know which buttons to push, and which levers to pull to change the trajectories of their companies and brands."
CEO's / Senior executives are only as good as the team of people they have around them and it is the CEO's job to extract the best out of them to properly project what type of climate your organization will need to endure at a given time, this is a necessary skill that must be fine-tuned through constant use.