Description

Vice presidents/GMs are responsible for shortand long-term strategic planning, as well as establishing and the implementation of policies and procedures, and also overseeing the training programs for employees under their supervision and ensuring that the training goals are achieved. Their job is to improve the effectiveness of employees' output and increase the profitability of the business by setting high standards and clearly defined objectives. Inter-departmental and departmental communication is crucial to achieve the goals. Therefore, excellent written and oral communication abilities are required for this job.

Evaluation, reviews and setting financial goals are integral to preparing and analyzing the profit and loss statements that all measure the efficacy of policies and procedures that are implemented by the VP's oversight. They also have the responsibility of the search for cost-saving measures in the profit and loss statements. when it comes to identifying patterns within the organization It is equally important to be aware, analyze and keep up-to-date with the changes and trends within the market in general, which includes the public information and competition.

Vice-presidents of companies need to keep abreast of all current local state, federal, and local regulations. Establishing negotiations, reviewing, and negotiating contracts is also a part of their task. Establishing rapport with subcontractors and employees is essential for the development of the business, therefore it is essential that a set of rules be set up for subordinates to adhere to when communicating with subcontractors as well as employees from other departments. A degree from a college and previous experience in management at the upper levels are typically required for this job.

Roles & Responsibilities

As a Vice President (VP), General Manager with 6-9 years of experience in India, here are some main responsibilities:

  • Developing and implementing business strategies to achieve company goals and objectives.
  • Leading and supervising cross-functional teams, ensuring effective communication and collaboration.
  • Overseeing budgeting, forecasting, and cost control to maximize profitability.
  • Identifying and pursuing new business opportunities, expanding client base, and enhancing market presence.

Qualifications & Work Experience

Major educational qualifications required for Vice President (VP), General Manager are:

  • A bachelor's degree in business administration or in a related area.
  • Excellent interpersonal, communication, public speaking, and leadership abilities.
  • A creative and positive mindset.
  • Superior management, decision-making, and problem-solving abilities.
  • Achievement-focused and confident.
  • A current working knowledge of the field and the ability to keep your knowledge current.

Essential Skills For Vice President (VP), General Manager

1

Program Management

2

Product management tools

3

Human Resource Management

4

People Management

5

Strategy

6

Project Management

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.

Program Management

23%

Product management tools

87%

Human Resource Management

56%

Strategy

35%

Project Management

68%

Strategic Planning

13%

Leadership

9%

Consulting

64%

Career Prospects

For a Vice President (VP), General Manager job role with 6-9 years of work experience in India, here are four alternative roles:

  • Director of Operations: Responsible for managing and improving the efficiency of all operational activities within an organization.
  • Business Development Manager: Focused on identifying and pursuing new business opportunities and expanding the company's market presence.
  • Chief Financial Officer (CFO): Oversees the financial aspects of an organization, including strategic financial planning and analysis, budgeting, and financial reporting.
  • Senior Program Manager: Leads and manages complex programs, ensuring successful delivery within the given time frame and budget constraints.

How to Learn

The job role of Vice President (VP), General Manager in India is anticipated to see significant growth in the coming years. According to a 10-year analysis, this position is projected to experience strong expansion in the market, owing to the increasing demand for effective leadership and management in companies across various sectors. With India emerging as a hub for business activities, the need for skilled Vice Presidents and General Managers is expected to rise. Consequently, there will be a considerable number of employment opportunities available in this role in the future. These projections are based on the latest data points provided by Google.