One newly appointed CEO asked what he should actually do, because he has a very capable Chief Operating Officer who takes care of the company. CBS Money Watch provides an answer to all CEO's concerned.
- CEO defines the vision. Like a captain, he determines the course of the cruise.
- Replenishment of critical resources, incl. financial resources, personnel, key partners, technology and everything what the company needs.
- CEO creates and adjusts teams. The goal is to hire the best and try to remove those who disrupt the team.
- Relationship building and networking.
- Gets and encourages feedback. Not only from clients, but also from employees, distributors and business partners.
- CEO is an entrepreneur. He attempts to identify the right opportunities and moves the company forward.
- Controls finance. He monitors corporate profitability and costs and adjusts margins accordingly.
- CEO adds his personal touch. His character and practices are reflected in everything the company does.
A bonus CEO task at the ned? To find the time for all of the above. Otherwise, he or she is not suitable for the position.
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