A Vice President, or VP, is responsible for supporting senior leadership personnel by managing lower-level departments and business operations. Their duties include relaying information about business objectives or company policy changes to Department Directors or Managers, meeting with company Executives to develop business strategies and overseeing department projects or initiatives.
A Vice President should be able to fulfill various duties and responsibilities. The following are some duties and responsibilities a Vice President should be able to execute:
- Be aware of the internal and external competition from local and national companies who work in similar areas, and keep up to date with the overall economic landscape.
- Look for expansion opportunities, like new customers, markets and industry developments. Take advantage of possible opportunities that can occur to advance the company.
- Evaluate the overall state of the company and understand where it can improve and what it is doing well.
- Contribute to the sales area of the business to add to profitability.
- Create and see through a specific plan that guides the company or specific department to work towards.
- Guide and direct the work of other senior leaders like assistant vice presidents or managers.
A competitive Vice President will have certain skills and qualifications, including:
- Leadership skills to lead departments and employees to follow-through the plan and goals set forwards.
- Interpersonal skills to guide employers and work with the president and CEO.
- Time management to organize tasks and finish them on time.
- Decision-making skills that higher-ups have to do in a business such as cutting costs and expanding company business.
- Written and verbal communication to get point across to a variety of people in the business and clients.
- Analytical thinking to arrive at conclusions after analyzing data and information.
