Skills & Competencies for Top Economic Executive

Top Economic Executive job profile

JOB SUMMARY for Top Economic Executive

Provides economic data, prepares interpretative reports, and provides leadership for the company's use of economic data and adaptation of economic models.

JOB RESPONSIBILITIES for Top Economic Executive

Communicates the results of economic studies to the stakeholders and sets guidelines for corporate economic strategies. Understands the macro and micro economic environment and its impact on the industry.

Top Economic Executive SALARY RANGE

BASE 50%
$304,867
TOTAL 50%
$368,286
Job Level
M05
Job Code
EX05000255
Education/Degree
JD, MD, PhD or Equivalent
Reports To
Top Management

Top Economic Executive Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Top Economic Executive skill and competencie below to view definitions.

8 general skills or competencies (Job family competencies) for Top Economic Executive

1 Job Family Competencies – Business Architecture
Proficiency Level -3
Skill definition-Designing and implementing business strategies, goals, and objectives to deliver end-to-end business value.
Level 1 Behaviors
(General Familiarity)
Discusses value chains and process flows for business architecture.
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Level 2 Behaviors
(Light Experience)
Conducts gap analyses to identify business process architecture issues.
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Level 3 Behaviors
(Moderate Experience)
Implements architecture standards and practices to improve our business architecture.
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Level 4 Behaviors
(Extensive Experience)
Drives visibility of the gaps in business architecture to prioritize resolving those gaps.
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Level 5 Behaviors
(Mastery)
Develops business architecture roadmaps to achieve our business's business objectives.
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2 Job Family Competencies – Business Strategy
Proficiency Level -3
Skill definition-Developing and implementing plans to assess the actions and goals of a business.
Level 1 Behaviors
(General Familiarity)
Discusses business strategy constraints in meeting our organizational objectives.
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Level 2 Behaviors
(Light Experience)
Reports statistical data for presentations to support business strategy.
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Level 3 Behaviors
(Moderate Experience)
Implements change initiatives to ensure successful delivery of business strategy.
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Level 4 Behaviors
(Extensive Experience)
Evaluates new business opportunities to develop an effective strategy and win business resources.
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Level 5 Behaviors
(Mastery)
Develops business strategy to support the vision of our organization.
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3 Top Economic Executive - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Top Economic Executive
Proficiency Level - 4
5 Competency for - Top Economic Executive
Proficiency Level - 5

7 soft skills or competencies (core competencies) for Top Economic Executive

1 Core Competencies – Organizational Leadership
Proficiency Level -4
Skill definition-Strategically influencing, guiding, and motivating a team of people to work toward the achievement of organizational goals and objectives.
Level 1 Behaviors
(General Familiarity)
Lists the key traits and characteristics of an organizational leader.
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Level 2 Behaviors
(Light Experience)
Participates in various career development programs to hone leadership skills and capabilities.
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Level 3 Behaviors
(Moderate Experience)
Works collaboratively with other employees to encourage organizational development.
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Level 4 Behaviors
(Extensive Experience)
Trains others to align their skills and capabilities with our business's mission and vision.
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Level 5 Behaviors
(Mastery)
Makes informed business decisions that positively impact the entire organization.
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2 Core Competencies – Visioning
Proficiency Level -4
Skill definition-Crafting and communicating the organizational vision to motivate and guide others in achieving goals and strategic plans.
Level 1 Behaviors
(General Familiarity)
Describes the difference between a vision statement and a mission statement.
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Level 2 Behaviors
(Light Experience)
Assists in designing organizational vision, values, and direction.
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Level 3 Behaviors
(Moderate Experience)
Communicates vision and strategy through continuous updates with all stakeholders to keep them informed.
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Level 4 Behaviors
(Extensive Experience)
Encourages and supports team members to explore strategic ways to execute our business vision.
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Level 5 Behaviors
(Mastery)
Develops a strategic organizational vision to aim performance standards and business targets.
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3 Top Economic Executive - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Top Economic Executive
Proficiency Level - 4
5 Competency for - Top Economic Executive
Proficiency Level - 5

Summary of Top Economic Executive skills and competencies

There are 0 hard skills for Top Economic Executive.
8 general skills for Top Economic Executive, Business Architecture, Business Strategy, Data Analytics, etc.
7 soft skills for Top Economic Executive, Organizational Leadership, Visioning, Systems Thinking, etc.
While the list totals 15 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Top Economic Executive, he or she needs to be skilled in Organizational Leadership, be skilled in Visioning, and be skilled in Systems Thinking.

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