Final answer:
Being described as ambitious refers to having a strong desire to succeed and setting high goals. Ambitious CEOs may strive for a monopoly to achieve success with less competition. Ambition is positive for enhancing performance and shareholder value but needs to be ethically managed.
Step-by-step explanation:
When people describe CEOs as ambitious, they mean that these individuals have a strong desire to succeed, are determined, and have set high goals for themselves. Ambition can be a driving force that motivates CEOs to push for better performance, higher profits, and a more significant market share. In the context mentioned, being ambitious might lead a CEO to strive for a monopoly in the market, where competition is minimized or eliminated, thereby increasing the likelihood of achieving extraordinary levels of success and profits. However, ambition can also be seen as a double-edged sword, as it can lead to positive outcomes such as improving the firm's performance and shareholder value, yet similarly might encourage negative behaviors if not managed properly within ethical and competitive boundaries.