Chief Executive-a trailblazer and Decision maker for his Corporate

suyam By suyam, 9th Dec 2010 | Follow this author | RSS Feed | Short URL http://nut.bz/j08p4z6h/
Posted in Wikinut>Writing>Essays

“Corporate performance is the result of combining planning and execution. It resembles a boat race. No matter how hard each crew member rows, if the coxswain does not choose the right direction, the crew can never hope to win.

Executive Effectiveness


Chief Executive-a trailblazer and Decision maker for his Corporate

S.Suyampirakasam,Madurai

The chief Executive is the captain of a team of players. As the game proceeds-favourably or unfavourably- tactics have to be deployed and preconceived strategies modified to overcome the competition and achieve the goal. There has to be total trust and confidence between the captain and his team mates and the ability to work with determination. The captain has to understand each individual as regard to their strength and weakness.

Kenichi Ohmae, the well known management consultant says “Corporate performance is the result of combining planning and execution. It resembles a boat race. No matter how hard each crew member rows, if the coxswain does not choose the right direction, the crew can never hope to win. Conversely, even if the coxswain is a perfect navigator, you can not win the race, unless the rowers drive hard in unison”. Hence, the task of the management team members is to optimize the organizational effectiveness of the corporate resources. The key factors are positive performance and coordinated effort pursuant to a strategic plan.

The Chief Executive plays many roles. He has to foster a sprit of achievement, be a guide, philosopher and a sensitive human being from time to time and according to the needs of the situation. He has to be perceptive of the attitudes of the executive personnel. Executives, who “pass the buck” to others and their such decision-making would see the suffering of their working results .It is their responsibility to ensure that organizational growth continues, based on a management which practices action oriented polices.

It is a great advantage for the chief executive and his management team to have grown with the organization over the years. A feel good factor for the business development-that is the sixth sense of not only recognizing something as an opportunity to avail of it. Acceptability and credibility is facilitated and his colleagues are more likely to respond positively.

The ability to inspire confidence in the customers, the shareholders, the banks, the business principals and foreign collaborators, the employees and trade unions and finally the government, is indeed valuable. It is a result of continued efforts and proven performance.

There has to be recognition that change is an ongoing process, a continuing phenomenon. The management which foresees changing developments through strategic planning methods is more likely to be successful than the one which prefers the “Wait and watch” policy. A bias for action is needed-not the conservatism that leads to inaction.

Most executive chiefs are reported to lead by example. They model the behavior and actions they would like to see throughout their organizations and their behaviors are consistent with their beliefs, values and principles. They also challenge the systems or the status quo of their organizations. They are seen as being willing to take risks, experiment and innovate to find new and better ways of doing things. The other reported major leadership practice is encouraging high performance. Executives are reported to accomplish this by recognizing individual contributions and linking performance and rewards. They are reported to become personally involved in acknowledging individual and group accomplishments.

The chief Executive must drive himself and his team with a lot of concerted efforts in order to make the organization achieve challenging targets and difficult tasks. An urgent need is to breakdown negative, over-conservative attitudes at the top and senior management level. The spirit of experimentation, risk-taking and enterprise is a vital strength.

Beyond being a skilled communicator, the chief executive should be able to speak to their employees as regard to the work of the organization in powerful and inspiring terms that would motivate command, inspire and instill confidence in their minds, that would automatically increase their productivity; as a result, both top line and bottom line of their organization would improve over a period of time.


******* ******* ******

Tags

Chief Executive, Concerted Efforts, Corporate Performance, Corporate Resources, Senior Management

Meet the author

author avatar suyam
Retired executive of Canara Bank,with 31 years experience-Good exposure in Finance,Banking,Foreign Exchange,Credit Management and Risk Management-Interested in English Literature,writing articles.

Share this page

moderator laluls212 moderated this page.
If you have any complaints about this content, please let us know

Comments

author avatar D in The Darling
9th Dec 2010 (#)

That's true to the core!
Great emphasis on team work and supporting each other!
Thanks for sharing, I'm following you and that's your reward!

Reply to this comment

author avatar suyam
12th Dec 2010 (#)

Thanks for ur comment.In fact Corporate performance is a collective effort and the leader has to harness the efforts of the team for excellent results/performance

Reply to this comment

Add a comment
Username
Can't login?
Password