An effective executive must possess several key qualities, including presence of mind, attentiveness, cooperation, communication skills, and selflessness. They must think about what is necessary to address the current situation and handle problems easily. An effective executive also thinks about what is right for the enterprise rather than themselves and is willing to take risks for the enterprise. They develop action plans with clear timelines and checks, take responsibility for decisions at all levels, and ensure productive meetings that move the organization forward.