Role Of The Chief Executive Officer In Corporation
The CEO of a company is the highest-ranking person in the organization that is responsible for managerial decisions. Outlined in this article are the functions of chief executive officers in an organization.
The main work of a CEO is that he is a leader in the organization. Leaders are people who work with others by influencing them to do something. The CEO as the leader advises the board of directors since he acts at the main person by giving information and actions that can be done to improve the organization and ensure that goals are reached.
The CEO also promotes the organization and the stakeholder change related to the organization’s mission and goals. Making changes is all about ensuring that the organization is in a good position to attain its goals and missions and all its stakeholders are well taken care of. Some of the things the CEO can do is changing the structure of the organization changing the communication channels and also he can change the way things are done at the lowest level to the highest level. It’s the work of the CEO to support the motivation of employees in an organization. The CEO understands very carefully that the employees are the people who ensure that work is done in an organization and ?can be able to stand on its own in the market, therefore, he ensures that are gives employees are motivated and that they are well taken care of in terms of programs and operations implemented for them.
The CEO also acts as the decision-maker in the organization. The CEO is the one who formulates policies and planning which are later recommended to the board so that they can review them and if they are workable they can be implemented in the organization. The responsibility of guiding the course of actions that should be done by the staff is done by the CEO. The staff is expected to do their work properly and also produce results as expected of them by the CEO.
Another thing the CEO does is that he is the manager of the whole organization. When it comes to operations we can talk about how the cost is being reduced and profit is being maximized in the organization. The work of a CEO or to ensure that there is maximum profit and minimize the cost of production. The CEO as the manager and she was that there the implementation of plans that will enable the organization to have a direction on where is going so that it may achieve its goals. The CEO ensures that the human resource the organization is well managed in terms of how they are compensated and their working environment.
It is the work of the CEO to hell in board development. The CEO assist in the selection and evaluation of board members who will sit in the board meeting to make decisions. The work of a CEO to make recommendation support board during orientation and self-evaluation.