22
HEALTHCARE
NEWS
22
ADVERTISINGINDEX
Note: Ad page number(s) given in parentheses
AA Medical. aamedicalstore.com (pg. 11)
Apogee Capital Partners, LLC. (305) 970-3478 (pg. 6)
Arthrex. arthrex.com (pg. 8)
Baxter Healthcare. baxter.com / (888) 229-0001 (pg. 19)
IntelliCentrics. everyonewins@intellicentrics.com / intellicentrics.com (pg. 14)
Medtronic. medtronic.com/asc (pg. 16)
nimble solutions. nimblercm.com (pg. 24)
Provation. provationmedical.com (pg. 23)
Radar Healthcare. radarhealthcare.com/us (pg. 12)
Stryker. stryker.com/asc (pg. 2)
Unify Medical. unifymedical.com (pg. 21)
Zimmer Biomet. zimmerbiomet.com (pg. 3)
The perfect CEO personality? No such thing
By Molly Gamble
C
EO personality is correlated to company culture, but what
works for one organization may not serve another, defying the
notion of a universal chief executive archetype.
e finding comes from a new paper by academic leaders from
Stanford (Calif.) Graduate School of Business and Massachusetts
Institute of Technology in Cambridge, who used a natural language
algorithm with earnings call data to assess the personalities of 460
CEOs at more than 300 companies through the Big Five model. ey
then analyzed 1.2 million Glassdoor reviews written by employees to
calculate the firms' organizational cultures, including factors such as
collaboration, execution and performance.
e Big Five model measures traits of openness, agreeableness,
conscientiousness, extraversion and neuroticism. In their analysis,
each of these five traits was correlated with nine dimensions
of organizational culture. For instance, extroverted CEOs were
associated with agility, collaboration and execution. Agreeable CEOs
were linked to flexibility and internal focus.
"Although the larger picture suggests that extraversion and
agreeableness have the most positive effects on organizational culture,
the perfect combination of CEO personality traits does not exist,"
according to an article on the study from Stanford GSB. "Each of the
nearly infinite combinations of the Big Five comes with trade-offs —
boosting one trait consequently diminishes another. is means that
the ideal personality of a CEO will largely depend on their company."
In line with this takeaway, researchers' analysis found personality
patterns by industry. CEOs in healthcare tend to be more agreeable,
altruistic and compromising; those in finance and insurance are the
opposite. Tech CEOs have lower levels of conscientiousness than their
counterparts in manufacturing.
"A personality of a leader that might work in one situation might be
exactly the wrong personality in another situation," Charles O'Reilly,
PhD, study author and professor of organizational behavior at
Stanford Graduate School of Business, said. "Leaders who are very
open-minded and creative can be great for companies whose strategy
is to be innovative. ey could be terrible in companies where the
strategy is to be cost-conscious and incremental." n
