Roles of Chief Executive Officer
Roles of Chief Executive Officer
Roles of Chief Executive Officer
Leader
Decision Maker
Manager
Board Developer
Recommends yearly budget for Board approval and prudently manages organization's
resources within those budget guidelines according to current laws and regulations
Assures the organization and its mission, programs, products and services are
consistently presented in strong, positive image to relevant stakeholders
6. Fundraising (nonprofit-specific)
Job brief
We are looking for an experienced Chief Executive Officer or CEO to
supervise and control all strategic and business aspects of the company.
You will be the first in command in the company and responsible for
giving the proper strategic direction as well as creating a vision for
success.
Responsibilities
Develop high quality business strategies and plans ensuring their
alignment with short-term and long-term objectives
Oversee all operations and business activities to ensure they produce the
desired results and are consistent with the overall strategy and mission
Build trust relations with key partners and stakeholders and act as a point
of contact for important shareholders
Requirements
Proven experience as CEO or in other managerial position
The CEO has the ultimate authority to make final decisions for an organization.
The CEO has specific responsibilities depending on the needs of his or her
organization. The job description of a CEO varies by organization. The daily tasks
of a CEO vary but the overall vision for the position provides the framework that is
consistent across organizations.
The CEO makes certain that the organization's leadership maintains constant
awareness of both the external and internal competitive landscape, opportunities for
expansion, customers, markets, new industry developments and standards, and so
forth.
The CEO reports to the Board of Directors or in some nonprofit settings, such as
state government, the CEO may be the head of an agency or department and report
to the office of the governor.
The CEO may also own the business, and may have founded the business, so his or
her commitment to the business is significant. He may also own a significant portion
of the company or its stock. In these cases, a Board of Directors may exist, but its
authority is nominal and advisory.
Whether the top person is president and CEO, or just CEO, he or she is the top
person in command in an organization and has specific responsibilities depending on
the needs of his or her organization.
Thus, the CEO's job responsibilities can vary from organization to organization. As
with any level of management in an organization, the CEO's role starts with
the fundamental job responsibilities of a manager.
Because the role of the CEO bears significant responsibility, accountability, and
authority within an organization, the CEO has these additional responsibilities as he
or she leads the business.
Responsibilities of a CEO
Additionally, the CEO must ensure that organizational leaders experience the
consequences of their actions whether through reward and
recognition or performance coaching and disciplinary actions.
The organization's CEO is a key player in whether and how well an organization
will succeed. If they carry out these job responsibilities effectively, it will magnify
the probability that their organization will experience success.
What is intrinsic to the CEO’s job?
This isn’t a traditional job description; it’s an examination of the actual roles
that a CEO plays (legally or de facto) within a company. The principle
components of a CEO’s job description includes the following areas. Any
individual CEO may take on any tasks that they wish, but these are the
things that can’t be delegated:
1. Setting strategy and direction
2. Modeling and setting the company’s culture, values, and behavior
3. Building and leading the senior executive team
4. Allocating capital to the company’s priorities
While a CEO may get input for some of those duties, it is the CEO’s—
and only the CEO’s—responsibility to perform those well. Being the CEO,
they can spend the rest of their time doing whatever they decide they want
to spend their time on. But ultimately, everything else about a given CEO’s
job is optional.
Success as a CEO requires more than just knowing the CEO’s job
description. A CEO needs to know how to measure their success as a
CEO, avoid the pitfalls that are unique to the CEO’s job, and conduct
themselves to stay sane and skillful over time.