What is the Full form of CEO?
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CEO stands for Chief executive officer.
In an organization, CEO is the highest executive officer or head of a corporation. CEO’s name is announced many times during quarterly websites and other telephonic meeting of a company. CEO is responsible for making major corporate decisions such as business planning and product development. CEOs are usually paid well due to the responsibilities and risks they face on their new post. CEO’s of a government company gets pay scale as high as CEO’s of a private company, but CEO’s of public companies like Goldman Sachs, Google etc receive higher salary than CEO’s of Public Sector Undertakings (PSU). CEO is one of the most difficult jobs in an organization.
Roles and Responsibilities of CEO
CEO manages the entire operations of a company very effectively and makes reliable decisions for sustainable growth of their company CEO is responsible to keep business plan minimum two years ahead CEO is responsible for preparing yearly budget CEO is responsible for making hiring or firing decisions CEO is responsible for overall planning and execution of major product development initiatives CEO may be involved in some marketing strategy CEO success highly depends on his team work and involvement in each department CEO works closely with both external and internal customers CEO plays an important role in establishing vision, mission and strategies of their company
Education qualification required:
At least Bachelor’s degree required. MBA or Master’s degree in Business Administration (MBA) preferred. Experience requirements: 10-15+ yrs experience as senior level manager/administrator/executive in a reputed organization CEO should have thorough knowledge of their business and labor market CEO must be a quick decision maker CEO must possess good negotiation skills CEO should posses good leadership skills CEO must have great interpersonal skill CEO must be able to engage with other executives from various departments CEO must have strong persuasion skill CEO must have excellent communication skill CEO should possess people management skills CEO need to hire quality workforce.