Description

Vice presidents/GMs are tasked with short- and long-term strategic planning and developing and implementing policies and procedures, as well as overseeing training programs for subordinate employees and ensuring that training objectives are met. Their role is to increase the value of employee output and maximize the company's profitability through high standards and clear goals. Inter-level and inter-departmental communication is important to establish these goals, so superior written and verbal communication skills are essential in this position.Reviews, evaluation, and setting financial goals go hand-in-hand with creating and evaluating profit and loss statements, all of which measure the effectiveness of policies and procedures implemented under the VP's responsibility. They are also tasked with finding cost-saving measures within profit and loss statements; when identifying trends within the company, it is also important to understand, review, and stay updated with the trends and movements within the general market, including the competition and public information.Vice presidents of companies must stay up-to-date with all applicable local, state, and federal regulations; establishing, negotiating, and reviewing contracts is also part of the job. Building rapport with employees and subcontractors is important for the growth of the company, so a set of guidelines must be established for subordinates to follow when communicating with subcontractors and employees in other departments. A college degree and prior experience in upper-level management are generally required for this position.

Roles & Responsibilities

As a Vice President VP, General Manager with 9+ years of experience in Canada, your main responsibilities include:

  • Oversee all aspects of business operations, ensuring efficiency and profitability. Manage day-to-day operations, including finance, sales, marketing, and human resources. Implement strategies to optimize performance and achieve organizational goals.
  • Provide strategic leadership and direction to drive business growth and expansion. Develop and execute business plans, including market analysis and competitive positioning. Identify new opportunities and develop strategies to capitalize on them.
  • Build and maintain strong relationships with key stakeholders, including clients and partners. Foster a culture of customer satisfaction and loyalty. Collaborate with cross-functional teams to deliver exceptional products and services.
  • Lead and develop a high-performing team, ensuring effective communication and collaboration.

Qualifications & Work Experience

For a Vice President (VP), General Manager, the following qualifications are required:

  • Extensive experience in strategic planning and execution, with a proven track record of driving business growth and profitability.
  • Strong leadership and management skills, capable of overseeing and guiding multiple departments, ensuring effective collaboration and achieving organizational goals.
  • Excellent communication and interpersonal abilities, with the capacity to build and maintain relationships with key stakeholders, clients, and team members.
  • In-depth knowledge of the industry, market trends, and competitive landscape, enabling informed decision-making and proactive business strategies.

Essential Skills For Vice President (VP), General Manager

1

Strategic Foresight

2

Leadership Management

3

Strategic Management

4

Leadership Communication

Skills That Affect Vice President (VP), General Manager Salaries

Different skills can affect your salary. Below are the most popular skills and their effect on salary.

Sales Technique

16%

Business Strategy

13%

Project Management

23%

Strategic Planning

5%

Career Prospects

The role of Vice President VP, General Manager is crucial in overseeing operations and driving growth. With 9+ years of experience in Canada, professionals in this role can explore various alternative options. Here are four alternative roles worth considering:

  • Chief Operating Officer COO: A position that entails managing daily operations, optimizing efficiency, and implementing strategies to achieve organizational goals.
  • Business Development Director: A role focused on identifying growth opportunities, building strategic partnerships, and expanding the company's market presence.
  • Regional Manager: A position responsible for overseeing operations across multiple locations or territories, ensuring consistency, and driving performance.
  • Director of Strategy and Planning: A role involving the development and execution of long-term business strategies, market analysis, and identifying opportunities for growth and innovation.

How to Learn

The role of Vice President (VP), General Manager in Canada is projected to witness substantial growth in the market. Over the past 10 years, this position has been on a steadily rising trajectory, with increasing demand and recognition in various industries. The job outlook for this role is highly optimistic, indicating significant employment opportunities for the future. With access to the latest data points available through Google, it is clear that this position is expected to continue expanding and provide a promising career path for professionals seeking leadership positions in Canada's business landscape.