The boom in the life sciences industry in China
has created a huge demand for professionals with the appropriate skills and
talent to take up leadership roles in this sector. A majority of such companies
go through similar processes of transition from their conception to their
commercialization. However, despite these similarities, when it comes to hiring
top leaders during different phases, the needs and expectations of every single
life sciences company are unique. This essentially means that these companies
do not believe a single CEO to be capable of running the company from start to
end. They believe that a top management professional, such as a CEO needs to
evolve at the same rate at which the company is growing, which is almost
impossible for a single individual. In this context, the life sciences executive search firms in China have identified the
below discussed three most common types of CEO’s that organizations within this
sector are constantly seeking.
The
Entrepreneur CEO : These types of
CEO’s are usually one of the founders or co-founders of the company and are
thus been associated with the organization from its conception stage. They are
generally professionals with a wide range of skills that are essential for
executing the original vision for the company. They are looked upon as the
innovators and the motivators who possess strong communication skills and have
the capability to convey information about new products to investors,
suppliers, distributors, and customers in an interesting and convincing manner.
These CEO’s are believed to be most effective in the initial growth stages of a
life sciences company.
The
Scale-up CEO : The scale-up CEOs are
considered to be the best successors of entrepreneur CEOs for taking the
company through the next stage of evolution.
According to professional recruitment consultants, these leaders should
have a proven track record of an ability to improve business growth through a
focused approach towards product development and quality control and
enhancement. Next leader in the
evolution of the company should be one with a proven history of taking products
to new levels. That is why the retained executive search firm in China seeking such candidates for their clients,
give greater priority to professional experience. They believe that only
appropriately experienced candidates will be able to envision the manufacturing
and marketing needs of the hiring company during the next growth phase. This
information can prove extremely critical for careful execution of any growth
plans with proper planning and delegation.
The
Commercial (or M&A) CEO : The
need for this type of CEO depends on the organization’s plan to either continue
to operate independently or align itself with potential strategic buyers. It is
essential for candidates being considered for this position by a retained executive search firm in China
to have some experience in strategic marketing and preferably on a global
scale. In order to gain success in this coveted position, these leadership
candidates also need to possess exceptional communication and interpersonal
skills. They should be capable of smartly analyzing the marketplace and build
effective teams that can help fulfill organizational growth objectives
established in accordance with market intelligence and changing customer trends.
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