Senior management is ultimately responsible for whether a company fails or succeeds in meeting performance expectations every quarter. Senior management positions include the chief executive officer (CEO), the president, the vice president and administrators. The CEO hires and appoints members to the senior management team as advisers, innovators and enforcers. Senior management truly represents the face of the corporation.
Senior management develops business policies, goals and objectives. Senior management develops sound governance practices in conjunction with the board of directors, to whom it reports. The board establishes criteria for senior management, which may include strategic management, risk management and funding management. Senior management uses best practices (looking back) and "next practices" (looking forward) to determine how best to use company resources -- its human capital and technological infrastructure. Senior management articulates the company vision for the public and for the employees.
Senior management must be thoughtful and decisive because its decisions determine the future of the company. Senior management must have integrity, adhere to a high moral standard, have a long-term perspective, be open-minded and manage responsibly. Senior management must have passion about the company and express that with a positive attitude.
Senior management must have the knowledge, skills and experience needed to fulfill the full scope of its duties.
Employees take their cue from senior management, hence the phrase, “from the top down.” Senior management must be adept motivators, fully equipped to inspire employees to perform at the highest level. Managing people often comes with years of management experience and testing different leadership styles until the manager settles on what works best to achieve the best results. Senior management must possess impeccable oral and written communication skills.
- Photo Credit Digital Vision./Digital Vision/Getty Images
Quality Control Manager Certification
Professional certification as a Certified Manager of Quality/Organizational Excellence through the American Society for Quality provides an industry-approved endorsement of a quality...
Senior Account Manager Job Description
The bottom line for a senior account manager is sales. The senior account manager is responsible for identifying sales opportunities, creating sales...
Senior Technician Job Description
Senior technicians work on computer systems and networks in companies and corporations. According to the occupational outlook handbook, applicants entering this field...
The Role of Managers In Total Quality Management
Total Quality Management or TQM creates a strategic focus across an entire organization on continuous improvement based on customer needs. Beginning in...
Characteristics of Sales Management
Descriptions of sales management include planning and implementing sales programs within an organization, as well as managing sales teams. A sales manager's...
Characteristics of an Open-Minded Leader
Good leader have many qualities. They have strong communication skills, but are also very good listeners. They are able to give direction...
The Characteristics of Good Managers
A dozen different people might define the characteristics of a good manager in a dozen different ways, but maybe the differences are...
Qualities of a Good Payroll Employee
The goal of payroll is to ensure that employees are paid correctly and timely. Consequently, employers hire payroll professionals. Payroll processing is...
Characteristics of Strategic Management
Strategic management is a branch of management that studies how to organize the structure of a firm, what products the firm should...
What Are Leadership Qualities in Senior Management?
True leaders concentrate on developing the qualities necessary for success. Key leadership traits include honesty, being a visionary, competency, knowledge and the...