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Nvidia: What makes a CEO Great
Learn how Jensen Huang built a 2.80 trillion dollar tech empire.
Don’t Fight The Future, Use It
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Jensen Huang, CEO of Nvidia, has captivated the finance world with year-on-year stock price increases of over 100%, driven by innovative products and substantial revenue growth. What sets his leadership apart? This article explores key aspects of Huang's management style, including his rejection of traditional hierarchies, emphasis on continuous learning, adaptive innovation, and reliance on intuition—principles that aspiring chartered accountants and emerging professionals should study and apply.
Current Affairs
Jensen Huang: What Differentiates A 2.80 Trillion Dollar CEO From Average Joe
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Jensen Huang, the CEO of Nvidia, has captivated the finance world by consistently delivering year-on-year stock price increases of over 100%, fueled by innovative products and substantial revenue growth.
However, the real question is, what makes his leadership so different from every other CEO?
Here are some key aspects of his management style that every aspiring chartered accountant aiming for high management roles should study and learn to apply.
No 1:1 Meetings
Huang rejects the traditional hierarchical structure of corporations, believing that strategic decisions should not be limited to a select few based solely on their titles. This approach fosters a culture of collaboration, which enhances the innovative nature of the company's operations.
Continuous Learning
"We don't do a periodic planning system," states Huang. "The reason for that is because the world is a living, breathing thing. So, we just plan continuously; there is no five-year plan, there is no one-year plan, there is no plan — there is just what we are doing."
This approach aligns closely with the SAICA (South African Institute of Chartered Accountants) competency framework, particularly emphasizing the competency of lifelong learning.
Huang's belief in this approach is rooted in the ever-changing nature of both business and the world. With rapidly evolving artificial intelligence models, big data, algorithms, technology, and whatever innovations tomorrow may bring, there is no fixed foundation for which business venture to pursue.
Therefore, the ability to adapt to the market and business landscape is a fundamental skill that sets the company apart in terms of innovation.
Innovation Above All
Huang recommends deconstructing problems to their core elements and building solutions from that foundation, as this approach promotes innovative thinking and often uncovers groundbreaking solutions that traditional methods might miss. He also departs from conventional practices by relying on his intuition to "make the right decisions at the right time."
Huang demonstrates a keen eye for the future, not by predicting it but by working with it. He serves as an excellent role model for aspiring chartered accountants and emerging professionals aiming to make their mark.
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