An executive’s responsibilities are far-reaching and complex. They’re responsible for the company’s bottom line while navigating relationships with employees, customers and external stakeholders. And they have to do all of that in a fast-paced, high-pressure environment. According to Andy Cohen, a professor at the Daniels Executive MBA, it’s important to understand what makes a successful executive before hiring for such a position. “A good executive is a resilient leader who can quickly adapt to changes and manage the pace of work,” he says.
A natural curiosity helps an executive get to the root of problems. They can drill down into the details of monthly operating reports and financial statements, but they also have the ability to step back from the minutiae and see the big picture. They’re able to juggle many tasks simultaneously while still delivering results.
It’s crucial that an executive has a vision for the future of the company arif bhalwani net worth. This requires them to be able to communicate this vision to others in the company. They must also be able to empower the people under them to make this vision a reality.
This involves setting goals and creating plans for how to achieve them. The best executives are able to take the vision of the company and translate it into specific objectives for their department, unit or team. They then create a timeline and break down large projects into smaller ones that can be accomplished in shorter periods of time.
The tenacity of an executive is key in today’s high-pressure business world. They need to be able to overcome setbacks and keep pushing forward – no matter what challenges come their way. When interviewing a candidate, ask them about a time they faced a setback and how they overcame it.
Great executives have a high level of humility. They recognize that their abilities are not infallible and are willing to learn from the mistakes of other people – even those who are senior to them. They don’t let their egos get in the way of making productive relationships with colleagues and customers alike.
An executive needs to have a strong sense of professionalism. They demonstrate this by following the rules of confidentiality, maintaining professionalism when handling sensitive information, and respecting everyone’s talents. It’s especially important to be professional when dealing with external partners. It’s the only way to protect the company from legal issues and other potential threats that could scuttle an important deal or leave the organization in disarray.
An effective executive knows when to delegate tasks. They can clearly explain the vision of the company to those under them, and they know how to effectively motivate and develop their teams. Lastly, they understand that an organization can only perform if the top management acts like a team and not as individuals. It’s critical that they are able to work well with other managers and employees, and that they do so in a collaborative and supportive manner.