The competence of an Executive Director is integral to the survival of a company. A technically sound executive director bags the necessary traits to direct/lead his company upon the right track.
Here I have compiled a list of a four essential skills that influence the competence of an Executive Director.
A suitable executive director has the flexibility to handle multitasking without any extra efforts. This skill refers to paying solid concentration upon multiple avenues like for example managing the liquidity/ working capital of a company, reviewing business development strategy, clear eye on HR Department to recruit valuable corporate resources at minimal cost etc.
A good executive director has wider vision and moderate affinity towards systematic risk. Being proactive he could easily speculate upcoming market/ economic conditions and readily provide remedial action to ensure the long-term and short-term objectives of the enterprise are met.
A good executive director is an employee on the company’s payroll who has 24/7 duty hours. The prime job objective is to help other staff whenever they need it so he must be available 24/7 to address company decisions.
An ideal executive director needs to have a relevant educational qualification, competent skills from all walks of life, like for example he should be able to handle emotions if he is to convince or motivate stakeholders, must have strong entrepreneurial leadership, analytical, financial, mathematical, communication and management skills so that he may direct his company onto the next level. He must be a team player and should know how to extract optimal output from the recruited resources.