Dr. Vince Molinaro, CEO of Leadership Contract Inc., shares his insights on the hidden elements of being an effective executive leader. Through his own experiences and collaborations with seasoned executives, he has condensed these elements into an acronym, EXECUTIVE, to provide a comprehensive guide to aspiring and current executives.
The first element, E, emphasizes the importance of embracing real ownership. Executives must take full accountability for their decisions, both the successes and failures, in order to succeed in their roles. This level of ownership demonstrates a commitment to the role and its outcomes.
The next element, X, highlights the need for grounded realism. Executives must have a clear understanding of the current reality of situations and manage their emotional reactions effectively. Surrounding themselves with a team that can provide honest feedback is also crucial in maintaining a realistic outlook.
Expecting high standards, as outlined in the third element of EXECUTIVE, is essential for executive leaders. Setting and maintaining high standards for oneself and others fosters a culture of excellence and accountability at all levels of the organization.
Committing to tackling tough issues, upholding exemplary behavior, trusting with oversight, leveraging intuition, valuing business and financial acumen, and enduring in tough times are the remaining elements of EXECUTIVE. These elements underscore the multifaceted nature of executive leadership and the diverse skills and qualities required to excel in the role.
Success as an executive leader is not guaranteed, but by embodying the elements of EXECUTIVE, leaders can increase their chances of achieving their goals and thriving in their roles. The journey to executive leadership involves continuous learning, growth, and adaptation to the challenges and opportunities that come with the territory.
Aspiring and current executives can benefit from Dr. Molinaro’s insights and advice, as he provides a practical and actionable framework for navigating the complexities of executive leadership. By embracing these hidden elements of leadership, individuals can position themselves for success and make a lasting impact in their organizations.
