CEO is the acronym for Chief Executive Officer.
CEO is an acronym in the English language that comes from the expression Chief Executive Officer (which can be translated as Chief Executive Officer ). The concept refers to the position held by the person who has the greatest managerial responsibility in a company.
A CEO , therefore, is an executive president , a managing director , a general director or a chief executive officer . The name may vary according to the country and the company , but it always refers to the person who is most responsible for the administration and management of an entity.
The CEO in the corporate hierarchy
Small and medium-sized businesses ( SMEs ) generally do not have a CEO , since the director or president is usually the owner or, at least, the same person. In larger companies, on the other hand, there is usually one person in charge of general (corporate) issues and another who is in charge of day-to-day administrative and strategic operations.
In the corporate hierarchy , the CEO usually has several directors as subordinates, who have responsibility in specific areas. The CEO , in this framework, is the one to whom the financial director , the operating director and other managers must respond.
A CEO can be a managing director, an executive president, a chief executive officer, or a general director.
Necessary Features
It is important to establish that there are a series of qualities and characteristics that every CEO must have in order to take the company on the best path. We are referring to aspects such as the following:
– It is essential that you have the capacity and ability to know the strengths of each employee and take measures to consolidate and improve them. And this improvement will have a positive impact on the entire company.
– You have to be a person who is respectful to everyone, even if you are at the highest part of the business organization chart.
– You must be loyal to both the company and the staff that make it up.
– It has to be someone educated, who is committed to dialogue and who knows how to make each employee feel integrated into the company as a whole.
– No less important is that it must have the ability to perfectly recognize and maintain the objectives that the company wants to achieve in the short, medium or long term.
– It also has to be someone with enough strength not to give up when adversity occurs. You must be able to assume the situation and reflect and know what are the best measures that can be taken to overcome it.
CEO Duties
It is important to highlight that the CEO develops internal and external functions. Internally, it designs strategies that it communicates to the rest of the workers, hires new employees and supervises the different corporate processes. In addition, the CEO must report various issues about the company to external actors, such as data about its achievements and goals. The CEO , in this sense, can develop reports for shareholders or investors.
In addition to all of the above, we have to emphasize that CEO is the acronym of different entities and organizations such as the Center for Opinion Studies of Catalonia , the Business Confederation of Orense and the Olympic Training Center of Chile .