A vice president, who is generally the second in command in an organization, has specific responsibilities depending on the needs of his or her organization. Thus, these job responsibilities vary from organization to organization. As with any level of management in an organization, the vice president's role starts with the fundamental job responsibilities of a manager.
Because the role of the vice president bears significant responsibility, accountability, and authority within an organization, the VP has these additional responsibilities.
Responsibilities of a Vice President (VP)
- Creating, communicating, and implementing the organization’s vision, mission, and overall direction.
- Leading, guiding, directing, and evaluating the work of other executive leaders including assistant vice presidents, directors, and managers.
- Formulating and implementing the strategic plan that guides the direction of the business or their area of responsibility.
- Achieving the organization's overall strategic goals and profitability requirements as determined by the strategic plans.
- Forming, staffing, guiding, leading, and managing an organization sufficient to accomplish the vice president's responsibilities and job requirements.
- Overseeing the complete operation of an organization in accordance with the direction established in the strategic plans.
- Evaluating the success of the organization.
- Maintaining awareness of both the external and internal competitive landscape, opportunities for expansion, customers, markets, new industry developments and standards, and so forth.
- Performing other responsibilities as assigned by the president or the CEO.