Saturday, March 9, 2019
Duties and Responsibilities of Ceo Essay
A caput executive officer ( chief executive officer) is the head of the friendship and is responsible for its over tout ensemble success. well-nigh CEOs be also members of the jury governing the partnership, or boards with some other organizations. They run across the policies that cite up the structure of an organization, or its corporate governance moderate of the Board A CEO often serves as chairman of the board of directors. The board conducts performance reviews on the CEO and other high-level executives and localises whether they are doing a good job running the company. The board has the power to rent and fire CEOs. As part of the board, a CEO provides input on where he sees the company heading, financially and strategically. Steve Jobs was both the chairman and CEO of orchard apple tree for many years. Industry Analysis To lead the company, the CEO must be knowledgeable about the industry. She attends or maintains a presence at conferences and has meetings with othe r executives to direct deals and exchange information. This not only keeps her informed about next events and opportunities bid mergers, but also realises her aware of potential threats, like a new competing product line.Approve Annual Reports Annual reports are like a report card on a public companys s financial status. The CEO writes a personal put across that accompanies the report. The message is a summary of the entire report and put forwards his thoughts on future goals, and how the company is progressing toward them. The letter is intended to inform stockholders about the companys past and future performance. A CEO must verify that all the financial statements in the report are true and complete. Work With other Executives A CEO must communicate with other high-level executives to make decisions. She often helps recruit candidates at this level since she will be works so closely with them.Although she typically receives input from officials such as the brain financia l officer, the chief technology officer and the chief marketing officer, the CEO is the final decision maker on issues. She must clearly state her reasoning for decisions in a variety of formats such as presentations and company meetings. Effective communication reduces misunderstandings and makes employees feel secure about the companys future. Determine Corporate Policies The CEO must know a cope about basic business topics so he can make decisions in a wide variety ofareas.He is required to open a master of business administration (MBA) degree and at to the lowest degree 10 years experience in business, preferably in the very(prenominal) industry, background elements that provide him with a broad base of knowledge. Among the things hell determine are when the company goes public, how many employees to hire or lay off, whether or not to merge with other companies and what companies to acquire. He must also make sure that company policies are clearly communicated to the right p eople in email, memo or newsletter formats.