Small businesses or one-man operations may prosper with only one leader at the helm; however, as a company grows so do the responsibilities. Company expansion also indicates department growth. Most likely, one person- or even two- would be less likely to efficiently and effectively run the business. At this point recruiting leaders who possess the same ideologies as the company’s founder(s) may be in the best interests of progress.
The importance of how much more can be accomplished when people work together toward a common goal can be exemplified with a comparison to sport teams. A baseball organization can have the best pitcher in the league or a football team can have an outstanding quarterback, but without every player on the field the likelihood of winning a game is basically zero. And in one person sports like golf, tennis, and swimming the best outcomes are achieved when a coach and supporters are around to cheer on the athlete.
Company Team Leaders
Chief executive officer (CEO) is the label most people are familiar with when they think about the ultimate, decisive head of a company such as CEO Charles Phillips of Infor. Depending on the structure of the company or corporation, other key players may include:
- President- oversees general day-to-day business operations
- Executive Vice-President- supports business policies as set by the CEO, President, and/or board
- Chief Financial Officer- responsible for financial division of the business
- Chief Marketing Officer- executes and maintains the business’s marketing plan
- Senior Vice-President- managing director for subdivisions within a company such as human resources, Size, compositions, and industry determine the hierarchy of organizations, whether they are corporations, companies, or nonprofit entities.
When looking for leaders to complement the organization’s mission, there are certain characteristics present in accomplished applicants.
- They have to have an air of trustworthiness. Looking people in the eye, not fidgeting, and paying careful attention to detail are some signs of a person who can be trusted.
- They have the ability to bring out the best in the workers of their departments by recognizing talent and acknowledging their contributions. This allows workers to maintain confidence in their decisions.
- Inspirational leaders are secure in delegating tasks. They understand that power isn’t self-inclusive, but realize sharing power is a positive motivational feature.
- Presence mirrors star-quality. The minute they walk in a room attention is directed their way. They instill self-assurance to everyone in the room.
There are other qualities for talented leaders. Depending on the final product or service, leaders must also hold content knowledge applicable to the organization.