Executive teams play 2 critical roles in an organization.
The first is obvious — they provide strategic and operational leadership to the company. They set goals, develop strategy, and ensure the strategy is executed effectively.
The second is less obvious, but just as important — the executive team provides the organizational and cultural DNA for the company. How well the executive team functions as a collective leadership body and how its members interact serves as the model that teams throughout the company will follow.
Executive Team Effectiveness
You could fill entire libraries with the books and studies written about strategy and operations. The second role of the executive team, though, gets less press. Because it receives relatively little attention, team effectiveness can be the basis of a significant competitive advantage for companies.
In our recent survey of senior executives, 65% indicated their executive teams were experiencing a clash between functional…
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