Coaching and developing people is core to any leader’s role, especially for a Chief Operating Officer. A good COO is a people person. - Artur Kiulian, Colab, The one major skill you should look for in a COO is that he or she have experience with actually expanding and growing a small business or other venture. These COOs find ways time and again to highlight others. Get heaping discounts to books you love delivered straight to your inbox. From the beginning, Sam Walton surrounded himself with the kind of people who had big ideas and weren't afraid to take risk and bring those ideas to life. "A good COO has to have the organizational and analytical skills to be able to solve problems and create procedures, but they also need to be able to deal with people," said Hayashi. Entrepreneur Store scours the web for the newest software, gadgets & web services. With many different interpretations of what the role entails, which can encompass everything from strategic vision to hands-on management, it can be a tricky task for COOs to find a successful balance, both on an individual and organisational level. Works constructively with all types of people. Related: How Much Money Is a Good Leader Really Worth? They are strategic with a focus on details. The role of the chief operating officer is often one that is high-stress and high-demand because they are responsible for all areas of an organization, as well as making critical business decisions. 4 Reasons a Retreat Into Nature Will Increase Productivity, 5 Reasons Why Good Leaders Must Be Great Followers. As of 2016, the BLS noted that nearly half of all chief executives worked more than 40 hours per week, to … Now, name three extraordinary chief operating officers? Because there is so much variation in job duties from one organization to another, there is also a large variation in the characteristics that make up the “perfect COO”. There is a total lack of ego. Young Entrepreneur Council (YEC) is an invitation-only, fee-based organization comprised of the world's most successful entrepreneurs 45 and younger. Early days set the tone … Complement a CEO’s experience or management style. Other titles to describe this role include President, General Manager, Managing Director, among others. Crist Kolder Assoicates 2013 Volatility Report, 5 Attributes to Look for in High-Performing Employees, Humble Leadership: 5 Dimensions for a New Style of People Management, 10 Inspiring MLK Quotes on Leadership and Purpose. The coo chief operating officer will make some changes to how your company works. How Much Money Is a Good Leader Really Worth? Detail your process by giving an example of a time you used data analysis to improve an aspect of a business. This trend has led to a renewed focus on the chief operating officer. Chief Operating Officer Degree While there is no one path toward becoming a COO, there are educational requirements and preferences. They should have had previous experiences where they took an organization from its infancy to higher growth, and from medium success to over the top success. YEC members represent nearly every industry, generate billions of dollars in revenue each year and have created tens of thousands of jobs. Because they are responsible ensuring strategic vision translates into profitable operations, COOs must be data-driven. Opinions expressed are those of the author. A Keen Understanding Of Your Own Limitations, A COO is an extension of your hands and the person who accomplishes what you cannot. Yet, unlike other senior executive roles, there is no established framework or body of knowledge to support the COO. - Kristopher Jones, LSEO.com, It helps to get a COO with considerable strategic vision because they provide the framework for your overall vision and put a definition to it along with actionable steps. Below, leading members of Young Entrepreneur Council give some insight into what makes for a great COO, whether it’s experience, attention to detail, integrity or other essential traits. As the founder of a private equity crowd funding network and in my years in private equity investing, I’ve seen how vital COOs are to companies, particularly during periods of rapid growth or business transformation when execution risks are high. ’ s experience or management style time must be great Followers today -- has an extraordinary to. 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