5 Keys to Building a Great Executive Team
What does it take to build the right Executive Leadership Team?
What makes for an effective executive team?
Building an effective and high-performing Executive team requires significant effort and dedication. It's not simply about assembling a group of people in different roles and expecting success to naturally follow. A high-performing Executive team lays the foundation for an organisation's success, as their leadership flows through all functional divisions.
Key Factors in Building a High-Performing and Effective Executive Team
Strong chemistry is vital for collaboration and decision-making.
2. Trust
As above, trust is crucial to building a collaborative leadership team.
3. The Right People in the Right Roles at the Right Time
Attracting top performers is essential, but it's also crucial to have the right people for the organisation's current stage. For instance, some individuals excel in high-growth environments, while others thrive in transformation or turnaround scenarios. Understanding the organisation's phase and aligning talent accordingly is key.
4. Diversity
Diversity goes beyond gender and race; it includes bringing together people with varied backgrounds and perspectives. This diversity fosters innovation by encouraging the challenge of ideas and promoting creative solutions.
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5. Setting Clear Expectations
Clearly defined expectations are critical. They shape how the Executive team interacts and set the tone for behaviours across the organisation. Getting it right at the top is crucial for overall organisational success.
Assessing Your Executive Team's Effectiveness
You may be questioning whether your company is maximising the potential of its executive team, or perhaps you've inherited a team upon joining the organisation. If you'd like to discuss building the right team to achieve your organisation's goals, reach out for a conversation.
If you’d like some ideas on how to attract top leaders to help you deliver on your organisation’s goals during the remainder of 2024, then drop me a private message or email at [email protected]
Check out our new Talent Acquisition Scorecard. It's designed to give organisations an insight into what's working in their talent acquisition and areas for improvement. Check it out via the link below.
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