The board of directors, who are in charge of managing the company’s operations, get direct reports from the CEO. The CEO’s responsibilities include overseeing daily operations, making sure the business is successful and expanding, and making key strategic choices.
It typically takes years of experience in a senior management position, such as a chief operating officer (COO) or chief financial officer (CFO), or experience in a comparable position at another company, to become a CEO. To effectively manage the business and its employees, they must have good leadership, communication, and decision-making skills.
Corporations have a complicated organizational structure, which can make decision-making cumbersome and delayed. To make smart choices that are advantageous to the entire organization, the CEO must maneuver this structure. Furthermore, businesses are sometimes blamed for putting profits ahead of social responsibility, which can have detrimental effects on the environment and society.
In conclusion, the CEO is in charge of the organization’s overall performance and long-term plan and has the highest position inside it. A CEO needs to have years of expertise and strong leadership abilities. Due to their complicated organizational structures, corporations can be difficult to understand, and they sometimes come under fire for putting profits above social responsibility.