CEO (Chief Executive Officer) - Executive Director

economic-dictionary

CEO (Chief Executive Officer) is the person with the highest level of responsibility and authority when carrying out the administrative management of a company or institution.

There are other types of names for this position, depending on the size and complexity of the company or organization we are talking about. Some of these names are CEO, CEO, CEO, or CEO.

Due to the phenomenon of globalization, the term CEO has been spreading in its use in companies around the world, especially in those related to new technologies.

The CEO in small and large companies

Depending on the size of the firm, the figure of the CEO and that of the president will or will not fall on the same person. This is usually the case in small and medium-sized companies.

However, in large corporations, the presidency is in charge of representing the company or defining its general strategy. Likewise, the CEO will gather tasks more focused on the control and management of the operations of said strategy, assuming great influence and responsibility.

In cases of large companies, the CEO usually has different directors for each sector of the company and who coordinate under their command areas such as marketing or finance. Due to their large number of competencies and their outstanding position in the day-to-day running of a firm, this person is often the one with the highest salaries and the one with outstanding career development.

The preparation, experience and leadership skills will be the main characteristics that make up the profile of a CEO.

Chief functions of the CEO

The main functions of a CEO are:

  • Provide information on achievements and objectives
  • Management of the organization and company structure
  • Decision making on corporate policy and management

Tags:  banks biography Business 

Interesting Articles

add