The Chief Executive Officer is the highest-ranking individual in any organization and is responsible for making all major decisions in the organization. This could be regarding operations, policies, investments, etc. They are the primary source of driving success for the organization. The CEO leads the executive team, oversees major decisions, and ensures all ongoing operations are in line with the long-term as well as short-term goals.
What is the full form of CEO?
The full form of the CEO is the Chief Executive Officer.
What is a CEO?
CEO stands for Chief Executive Officer. They take the place at the top of the corporate hierarchy ladder. They are responsible for making or approving key strategic decisions in the organization. They are considered the driving force behind a company’s vision and growth. They act as the main point of contact between the board of directors and operations. A CEO is the primary representative of an organization. The decision of who fills the role of a CEO is made by the board and shareholders of the organization. Naturally, the CEO reports to the board about decisions made or to be made.
What are the CEO’s Roles and Responsibilities?
- They come up with strategies and goals as well as execute them to ensure bringing in profits and help an organization grow in the long run.
- They motivate employees who perform well and promote a positive culture among employees.
- They oversee company policies, make changes as required. Their approval is mandatory to go ahead with investments or conduct business activities.
- The CEO monitors day-to-day operations to make sure they are in line with the company’s vision and objectives.
- They are the face of the company. It is their responsibility to communicate all updates to all stakeholders, including board members, investors, employees, and the public.
- They oversee how the company resources are being used, both employees and capital.
What is the Core Attributes of a Successful CEO?
- Visionary thinking and strong business sense
- Extraordinary leadership and communication skills
- Mindful strategic and financial decision-making ability
Accountability and ethical values incorporated during the execution of operations
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