The Executive Team
An Executive Team is a group of individuals responsible for overseeing day-to-day operations of a company, with different people handling different departments. The commonly used executive titles of CEO (Chief Executive Officer), CFO (Chief Financial Officer) and COO (Chief Operating Officer) are each responsible for their own outputs and areas, however, the areas where they intersect are just as important (i.e. strategy development, formulation of mission goals and values, etc.). For example, an experienced CFO can make up for financial shortfalls of a CEO, allowing them to focus on areas where they have expertise. Likewise, other Senior Managers will provide support to the rest of the Executive Team.
Good collaboration between the C-Level team is proven to increase communication and cooperation company-wide, increase trust in leadership and increased quality of decisions, along with a multitude of other benefits, not least of which is an increase to the bottom line.
Questions to ask yourself:
1. Is your C-Level Team clearly defined?
2. How much does one Executive know of the others' role, with the view of meaningful collaboration?
3. Do you have a Succession Plan?Back to News