Posts tagged ‘Leadership Competencies’

Stage One of Four

There are many facets of good leadership but hard skills, knowledge, and competency are at the base of the model.    A good leader should have a strong knowledge base of the industry and at least a broad-based knowledge of financials, investments, economics, and accounting as well as a basic understanding of human resource principles.

This is not to say that a CEO or senior official should know everything in terms of the operations of a company or even in each specific discipline.   However, one should at least know “what one does not know”.  In other words, know enough about the importance of accounting, finance, IT, or human resources that you know you will need to have an expert in the top seats of these divisions.

If the company is a service provider, the top officer should know who the customers are, who the prospective customers are, who the future customers will be, and what type of pain they are experiencing today as well as what they face tomorrow.   A service industry provides “service”.   So knowing what the customer needs to make his or her life easier is important for a top official.

If the company is a manufacturer, the top officer should have a strong understanding of the industry as well as past, present, and future trends.   Safety issues in the industry?   Then this must be understood and respected as well by the top officer.

Basic accounting, general ledger knowledge, as well as investment strategy are also important skills to have.   Of course there will likely be a CFO on board as well as a Chief Investment Officer, but the CEO needs a basic understanding of each of these disciplines in order to make certain that the people in these seats know their responsibilities as well as their limits, scope, and the risks their decisions hold.

In future posts we will look at additional facets of strong leadership that are important in forming success habits.

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Posted by Inneractive Consulting Insights on March 7, 2011 at 1:40 am under Leadership.
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This week I will be focused upon a five-part series designed to assist you in providing a comprehensive Leadership Development Process for your organization. Today, we look at the starting point of the Leadership Development Process – Defining the Competencies necessary for success.

Leadership Competencies need to be identified regarding the leadership role for the entire organization as a first step. This is the equivalent of having a code of standards for the overall leadership function of the group. What areas of individual performance need identification as a benchmark of success. The truth is few companies have taken the time to identify the traits, competencies and personal skills necessary for leadership success. This lack of identification has lead to promotions and selection of individuals that were not ready for important leadership positions. The results have been very costly to these companies when the wrong people have been placed in very important positions.

We have been helping our clients to “benchmark” leadership positions for several years. This practice has created a better understanding of the traits necessary for the “job” to be successful. This benchmarking track creates a comprehensive document containing the information needed for the position to talk. Here is a partial list of important items you need from a benchmarking process:

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Posted by Voss Graham on March 23, 2009 at 5:22 am under Leadership.
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