In the context of career progression, what is frequently cited as a non-negotiable prerequisite for ascending to a top executive position, often following functional expertise?
Answer
Experience managing P&L (profit and loss) for a significant business unit.
While advanced educational credentials are common, the text highlights practical, demonstrable financial responsibility as crucial. Specifically, before reaching the highest executive tiers, candidates are often required to have successfully managed the Profit and Loss (P&L) statement for a substantial segment of the business. This proves their capacity to align operational decisions with financial results across a wide scope, which is a key indicator of executive readiness.
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