Introduction to Chief Executive Officer (CEO)
The highest-ranking executive in a company. A CEO's responsibilities are making important corporate decisions, leading the overall operations and resources of a company, acting as the centre point of communication between the board of directors (the board) and corporate functions and being the public face of the organisation. The board and its shareholders elect a CEO.
Understanding Chief Executive Officers (CEO)
A CEO's role changes from one company to another based on the company's size, culture, as well as corporate structure. In large corporations, CEOs usually deal only with very high-level strategic decisions and direct the company's overall growth. In smaller companies, CEOs regularly are more hands-on and involved with day-to-day functions. CEOs can set the tone, vision, and seldom the culture of their organisations.
Because of their regular dealings with the public, sometimes the chief executive officers of large corporations become famous. Mark Zuckerberg, the CEO of Facebook, for example, is a household name in today's world. Similarly, Steve Jobs, who is the founder and CEO of Apple, became such a global icon that after his death, an outburst of documentary films about him arose.
Roles And Responsibilities Of A CEO
The roles and responsibilities of a CEO can vary from one company to another, which can depend on the organisational structure and size of the company. The CEO takes on a more "hands-on role" in the smaller companies, like making lower-level business decisions. In larger companies, he or she normally only deals with high-level corporate strategy and superior company decisions. Other tasks are assigned to managers or departments.
There is no regulated list of the roles and responsibilities of a chief executive officer. The standard duties, obligations, and job description of a CEO include:
Communicating, on account of the company, with shareholders, government entities, as well as the public
Leading the development of the organisation's short- and long-term strategy
Planning and implementing the company or organisation's vision and mission
Assessing the work of other executive leaders in the company, including directors, vice presidents, and presidents
Sustaining awareness of the competitive market landscape, expansion opportunities, industry developments and many more.
Assuring that the company maintains high social responsibility wherever it does business
Evaluating risks to the company and assuring they are monitored and minimised
Setting strategic goals and making sure they are assessable and describable .
