Description

Vice-presidents (VP) of strategic planning are delegated and conduct research on their markets of interest and write reports on the areas that the company can focus on to further develop. They also guide their organizations in making decisions about joint ventures, acquisitions, customer marketing, as well as financial modeling. Many are in charge of drafting annual and multi-year plans that define the direction that the company will be following for the next few years.

VPs of strategy typically manage an entire team of specialists in customer research So, having the ability to manage and lead are essential. They are closely associated with the other top management employees of their organization and are accountable to the president of the company. It is common for them to travel to explore new business opportunities and to get together with representatives from other businesses to explore these possibilities.

The requirements for the job could be stringent. A degree from a four-year institution is the minimum requirement and employers generally prefer applicants with higher degrees. A long period of experience that includes five or more years in a managerial position is also a possibility. Essential skills include the ability to communicate, the computer software used to analyze data, and some knowledge of data visualization.

Roles & Responsibilities

With over 9 years of experience as a Vice President VP, Strategy in the United States, here are the main responsibilities:

  • Develop and execute long-term strategic plans, aligning business objectives with organizational goals.
  • Identify growth opportunities and assess potential risks in the market, providing recommendations for strategic partnerships and market entry.
  • Lead cross-functional teams to analyze market trends, competitive landscape, and customer insights to drive strategic decision-making.
  • Collaborate with senior leadership to optimize business performance, focusing on cost reduction, process improvement, and operational efficiency.

Qualifications & Work Experience

For a Vice President (VP), Strategy job role, the following qualifications are required:

  • The VP, Strategy must possess the expertise to develop and execute effective strategic plans that align with the organization's goals and drive growth. They should have a track record of analyzing market trends, identifying opportunities, and making data-driven recommendations.
  • This role requires the ability to lead and inspire cross-functional teams, providing clear direction and guidance. The VP, Strategy should have experience in managing a diverse team, fostering collaboration, and delivering results within a dynamic and fast-paced environment.
  • Effective communication is essential in this role to influence and engage stakeholders at all levels of the organization. The VP, Strategy should be confident in presenting strategic insights, recommendations, and business cases to senior executives and board members.
  • A deep understanding of business operations, financial analysis, and forecasting is crucial for the VP, Strategy.

Essential Skills For Vice President (VP), Strategy

1

Strategic Foresight

2

Sales Strategy

3

Strategic Mindset

4

Leadership Management

Skills That Affect Vice President (VP), Strategy Salaries

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

Program or Project Management

7%

Business Development

6%

Strategy

30%

Strategy Implementation

3%

Career Prospects

The Vice President VP, Strategy role showcases a 9+ years experienced professional in the United States who excels in strategic planning. If you are looking for alternative roles to explore, here are following options to consider:

  • Chief Strategy Officer: A higher-level executive position responsible for setting the overall strategic direction of the organization and driving growth initiatives.
  • Director of Strategic Initiatives: A role focused on identifying and executing key strategic projects, collaborating with cross-functional teams to achieve organizational goals.
  • Business Development Manager: A position involving identifying and pursuing new business opportunities, forging strategic partnerships, and driving revenue growth.
  • Management Consultant: A career in consulting, supporting organizations in strategic decision-making, process improvement, and overall business transformation.

How to Learn

The Vice President (VP), Strategy role in the United States is projected to experience significant growth in the market. Over the past 10 years, this job role has seen a steady increase in demand, with organizations recognizing the importance of strategic leadership. According to Google data, the number of employment opportunities for VP, Strategy positions is expected to see continuous growth in the future. This trend aligns with the growing emphasis on strategic planning and decision-making within organizations. With the increasing complexity of business environments, the need for experienced and capable VP, Strategy professionals is likely to persist.