Dr. Vince Molinaro, CEO of Leadership Contract Inc., is a renowned leadership expert and author who shares his insights on what it takes to become an effective executive leader. Through his experience and collaboration with seasoned executives worldwide, he has identified hidden elements that are crucial for success in executive roles. These elements are summarized using the acronym EXECUTIVE: Embrace real ownership, eXercise grounded realism, Expect high standards, Commit to tackling tough issues, Uphold exemplary behavior, Trust with oversight, Intuition will guide you, Value business and financial acumen, and Endure in tough times.
One of the key aspects of being an effective executive leader is taking ownership of outcomes, both successes and failures. This level of accountability is essential for commitment to the role and responsibility for decisions. Executives must also have a grounded sense of realism, facing the reality of situations and distinguishing fact from fiction. Setting and maintaining high standards, addressing issues, and committing to tackling tough aspects of leadership are critical for success at the executive level.
Upholding exemplary behavior is non-negotiable for executive leaders, as they must embody the values and standards they expect from others. Trust is essential for success, but it must be balanced with verification across various stakeholders. Leveraging intuition, balancing data with experience, and having a keen interest in business and financial acumen are also crucial for making good decisions as an executive leader. Enduring challenges and maintaining resilience are key traits for navigating difficulties and ensuring success in executive roles.
The path to executive leadership is filled with hidden elements that require embracing ownership, setting high standards, upholding exemplary behavior, and having the resolve to face tough issues. Trust, intuition, business acumen, and resilience are also essential qualities for thriving in executive roles. Dr. Vince Molinaro’s insights provide valuable guidance for aspiring and current executive leaders looking to excel in their roles and drive organizational success.
