Tap the Full Potential of Your Executive Team
Reposted by InterSearch Irelannd
Executive teams play 2 critical roles in an organisation.
According to the article by the Center for Creative Leadership, executive teams provide strategic and operational leadership to the company. They set goals, develop strategy, and ensure the strategy is executed effectively. The less obvious role of the executive team is the provision of the organisational and cultural DNA for the company. How well the executive team functions as a collective leadership body and how its members interact serves as the model that teams throughout the company will follow.
Executive Team Effectiveness
You could fill entire libraries with the books and studies written about strategy and operations. The second role of the executive team, though, gets less press. Because it receives relatively little attention, team effectiveness can be the basis of a significant competitive advantage for companies.
In a survey of senior executives carried out by the centre, 65% indicated their executive teams were experiencing a clash between functional and enterprise accountabilities. But fewer than 1 in 5 rated their executive teams as “very effective.”
Nearly all executives surveyed agreed that “increased effectiveness of my executive team will have a positive impact on organisational results.”
In other words, when the executive team functions better, the whole organisation functions better.
The best executive teams are characterised by three important factors that drives all of their actions. These are strategic focus, collective approach and team interaction.
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