Understanding Business
Understanding Business
13th Edition
ISBN: 9781264249527
Author: Nickels, William G.
Publisher: MCGRAW-HILL HIGHER EDUCATION
Question
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Chapter 8, Problem 1CE
Summary Introduction

To determine: The task performed, skills needed, pay and opportunity outlook of the career.

Introduction:

Top executive is the administrative head of any kind of organization. Their work is to manage the whole organization and to devise a plan for the development of the organization.

Expert Solution & Answer
Check Mark

Answer to Problem 1CE

The top executive has to plan, control, direct and steer the company through turbulent times. Some of the skill sets required is like top executive should be proactive thinker, good leader, and good communicational skills. The median hourly wage rate in this career is $50.34 and median annually wage rate is $104,700. The opportunity outlook for the career is that is projected to grow 8% from 2016 to 2026.

Explanation of Solution

Top executive devise a plan for the growth of the organization, implement the plan, direct the organization and steer the organization towards safety and growth in the time of crisis. The skill set which a top executive requires is mentioned below:

  • Conceptual knowledge of the field.
  • Can perform under pressure.
  • Good critical thinking skills.
  • Having sound moral principles.
  • Passion for details.
  • Proactive thinker.
  • Communicates well with others.

The wage rate of an employee working in this career is:

  • Median hourly wage rate is $50.34.
  • Median annual wage rate is $104,700.

The opportunity outlook for the career is that it has chances to grow 8% from year 2016 to 2026. The growth rate of occupation is equal to the average growth rate of other occupations.

Conclusion

Thus, these are the details of career exploration on top executive in OOH.

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