You must have heard of the location general manager. This post How important is it to a business? Let’s find out in the article below.
CONTENTS:
1. What is a CEO?
2. The Importance of the Chief Executive Officer (CEO)
2.1. The CEO is the person who defines the vision of the company
2.2. The CEO is the head of business operations
2.3. The CEO is the one who gives advice to business leaders
2.4. The CEO is the person who builds the human resource apparatus to run the business
2.5. The CEO is the representative of the company
2.6. The CEO ensures the growth of the company
3. What is the difference between CEO and Chairman of the Board?
4. What qualities do you need to become a CEO?
1. What is a CEO?
Have The English name is Chief Executive Officer (CEO) is the top executive of a company. They are the top, the bridge between the management and the lower levels. The CEO is responsible for the success or failure of the business. One of the main tasks of General manager is to maintain and apply the policies defined by management (or the chairman of the board of directors).
The role and functions of the general manager may vary depending on the size and structure of the company. In smaller companies, the role of the CEO is more related to business operations and direct management. In large companies, the role of the CEO is more related to high-level strategies that determine the overall growth of the company.
The term CEO originated in the United States and then gradually gained popularity around the world. In many companies, General manager usually the chairman of the board of directors.
2. The Importance of the Chief Executive Officer (CEO)
Although the roles and responsibilities of the CEO are not the same from one company to another, they are still key players in the management of the company. The following will explain to the reader why the CEO is said to be a key factor determining the success or failure of a business.
2.1. The CEO is the person who defines the vision of the company
The CEO is the person who defines the vision of the company. For any business, vision is essential. Therefore, the CEO must have a long-term vision and a good strategy to grow the business and gain exposure.
- Vision helps companies to always identify the basics of development
In an ever-changing, rapidly developing economy, businesses often forget their original purpose. This may affect the company’s progress. A clear vision will ensure that the fundamental objectives are always in the foreground, along with the values understood. Since then, all activities are geared towards long-term goals in the future.
- Vision helps build a work culture
Human resources are a company’s greatest source of capital. To achieve long-term goals, each individual must contribute. A good vision will help generate energy, develop ideas and inspire, creating a positive and high-performing work environment. Without a vision to build the best work culture, the leader can easily lose elite employees who are an effective hand for development.
Therefore, it can be seen that the role of the CEO is extremely important.
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2.2. The CEO is the head of business operations
The CEO directs day-to-day business operations, executes plans, and manages the company’s human and financial resources. CEO overseeing the design, marketing, advertising, transportation, and quality of programs, products, and services.
The CEO monitors, directs and evaluates the performance and performance of the company’s staff including senior managers, senior executives according to the organizational structure. CEO will also participate in assisting junior staff in the performance of their duties.
CEO is the recipient of reports from many leadership positions such as chief financial officer (CFO), chief operating officer (COO), chief marketing officer (CMO) sales, marketing, product, engineering and customer service departments.
2.3. The CEO is the one who gives advice to business leaders
The CEO has the power to manage many business activities without going through the board of directors. However, for important decisions, they will also be the ones who give useful advice. They understand the business operations as well as the issues that the business is facing. The CEO directly leads and manages the implementation of the overall strategy. They can provide leaders with the information they need to make the most accurate decisions.
>>> Reference: What is a CEO? What qualities should a CEO have?
2.4. The CEO is the person who builds the human resource apparatus to run the business
In addition to duties directly related to the company’s business operations, the CEO is also involved in the recruitment and retention of key senior executives.
These senior positions are responsible for providing guidance to CEO in specific areas of expertise: such as the chief financial officer (CFO) who gives financial advice, the chief marketing officer (CMO) who gives marketing advice, etc. The CEO and these directors work on the basis of mutual support for the development of the company.
Since CEOs work directly with these positions, they will be involved in the recruitment process to ensure the quality of recruited staff, as well as make appropriate decisions to retain talent.
2.5. The CEO is the representative of the company
The CEO represents the company at industry events or through business associations or groups. These activities can help them improve their leadership ability, promote the corporate brand as well as promote business activities.
The CEO also represents the company in the exercise of social responsibilities and community activities at the local or national level.
For a company, the CEO is often the best known person.
2.6. The CEO ensures the growth of the company
Not only operating and maintaining existing business operations, the CEO is also responsible for growing the business. They perform analysis, make forecasts, strategies, new directions to develop business, expand markets, attract potential customers, thereby increasing revenue.
The CEO creates an ever-changing work environment, constantly learning, helping the company grow, while improving the skills and abilities of employees.
In an ever-changing and innovative economy, any business that stands still and refuses to change risks being wiped out. The CEO is the person who ensures the good foundation of the company in the market.
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3. What is the difference between CEO and Chairman of the Board?
A person can combine two functions of general manager and chairman of the board of directors. However, these are two separate positions. The CEO is the person who makes the highest decisions regarding the company while the Chairman of the Board of Directors is responsible for managing the entire company and securing the interests of investors to maintain the capital.
The position of chairman of the board of directors is often superior CEO technically because they can’t make important decisions without board consensus. In theory, the chairman of the board of directors can lead the company. However, they are usually not engaged in specific business activities. Therefore, the CEO often has independent authority and can be flexible in running the business.
4. What qualities do you need to become a CEO?
To lead a company, the CEO must have the following qualities:
- Emotional intelligence: To make informed decisions, CEO It takes practice to become a “master” of emotional intelligence. A high EQ indicates the ability to perceive strengths, weaknesses and the ability to manage emotions in all situations. Besides, CEO is the best employee who motivates himself to work.
- Strategic vision: To be able to compete with competitors, CEOs must have a strategy, a vision of the market, people and their strengths and weaknesses. This way, you can firmly grasp victory in your hand when you come out to face your opponent in the market.
- Creative thinking: Without constant evolution and innovation, your brand can sink and fade in today’s ever-changing marketplace.
- Inspirational person: CEO is a torch that encourages employees to work by one of the main responsibilities of CEO looking for companions who always think positively about the development of the company.
- Master’s degree in Communication, Negotiation and Persuasion: To have long-term business partners, the manager will be the link between the company and the partner. Therefore, communication, negotiation and persuasion are indispensable characteristics of a CEO.
So you understood the role of the CEO alias What is a CEO? and their jobs. It is these factors that the CEO is considered to be the key factor affecting the success or failure of the business. Post your resume on HRchannels to receive the $3000++ CEO job ad:
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