A Chief Executive Officer (CEO) is the highest-ranking executive in a company responsible for making key corporate decisions, managing the overall operations, and serving as the primary point of contact between the board of directors and corporate operations.
Apart from these primary responsibilities, the CEO is also responsible for implementing the goals, objectives, and strategic objectives set by the board of directors using their professional background and expertise. Depending on the size and stage of the company, the CEO may tend to focus very intensively on some corporate functions such as marketing or finance, or on some activities, such as fundraising.
The board of directors or other authorities determine the responsibilities of a CEO, which can be broad or quite limited and formalized in a delegation of authority in business management. The CEO makes active decisions on business strategy and other key policy issues, governance, administration, and execution, playing the role of both a communicator and a decision-maker.
FAQs
What is the primary role of a CEO?
The primary role of a CEO is to make key corporate decisions, manage overall company operations and resources, and serve as a primary point of contact between the board of directors and corporate operations.
What functions can a CEO focus on?
Depending on their professional background and expertise, CEOs may focus on certain functions, such as marketing or finance.
What does the CEO’s role involve?
The CEO makes active decisions on business strategy and other key policy issues, governance, administration, and execution. The CEO plays a role as both a communicator and a decision-maker.
Conclusion
In conclusion, a CEO plays a pivotal role in managing a company’s operations, implementing goals and objectives set by the board of directors, and making key corporate decisions. Depending on their professional background and the size and stage of the company, CEO’s may tend to focus on some corporate functions or fundraising activities, as well as playing the role of both a communicator and a decision-maker.
