A CEO is the highest ranking executive manager in Sanmax. before Managing Director and the Board. and is usually in charge of the day-to-day operations and management of an organisation. They must provide strong leadership, and be able to give clear direction and guidance to the management team, whilst at the same time allowing them the autonomy to operate successfully. The job description of a CEO can vary according to the organization they work for, or the industry they are in. On top of all this a CEO should be a seasoned professional who has a proven track record in achieving corporate growth targets.
A CEO's life is all about indulgent lunches and rounds of golf while other mugs do all the hard work, right? Sadly no.
As the highest ranking executive manager in an organisation, the CEO is responsible for everything from the paper clip budget through to developing strategies for business growth. You have to be in control of everything or risk losing it all.
Every type of business you can think of will have a CEO at the helm, and the specific tasks can vary according to the industry. But put simply, a CEO does everything. Even if they aren't the person who actually does it, they are the person who has told someone to do it, or told someone who tells someone to do it. Think of a business as a triangle; the CEO is sat at the top, controlling everything below.
In addition to high-powered meetings with the board of directors, senior management and other companies, a CEO will look after anything involved in the day-to-day running of the business. Here's a closer look at the specifics...
• Controls the direction of the company
• Decides budgets for all departments
• Targets and initiates business partnerships with other companies
• Drives the culture of the business
• Oversees employment and ensures there are enough staff (and the right people)
• Manages senior managers
• Generates new business and gives approval of new projects
• Responsible for day-to-day decisions
• Identifies risks and ensures appropriate strategies are in place
• Ensures the correct practices are being met
• Attends board meetings and other presentations
• Drives profitability of the business
The finer details...
It can be tough at the top, as well as lonely. Apart from the board of directors, a CEO is left to their own devices and even if they do ask for feedback, most workers won't be keen to point out failings in the big boss.
Even with a plush office, a CEO's life isn't easy. It's an extremely tough working environment, with long hours and lots of stress. Even if there is a long lunch to woo clients, or an evening gala to attend, days usually hover around the 12-hour mark.
Promotion is a tad limited – a position onto the board of directors is about it, where the new CEO will answer to them.
The good points...
• A CEO is the pinnacle position of a business and the ultimate goal
• CEOs make a real difference to a company; shaping it and driving the vision
• Excellent salary and benefits
• Might involve travel and will certainly involve social engagements
• Get to meet the movers and shakers in the industry
The bad points...
• Stress levels are exceptionally high
• A CEO is only as good as their worst employee
• Long hours and often a 7-day working week
• The buck stops with you
A CEO job description should include, but not be limited to:
• Reporting to the Board of Directors.
• Making high-level decisions about policy and strategy.
• Keeping the Board of Directors informed about policy issues.
• Providing executive leadership across an organisation.
• Evaluating the success of the organization.
• Developing and implementing operational policies.
• Acting as the primary spokesperson for the organisation.
• Developing he organisations culture and vision.
• Recruiting new staff members.
• Develop an organizational environment that promotes positive staff morale and performance.
• Retaining existing staff members.