In this session, we will be discussing what is the meaning of CEO, and its definition, roles, responsibilities, duties, salary, and how to be a CEO.
What is the meaning of CEO? Definition, roles, and responsibilities
Before talking about the CEO, we will be discussing the largest company in the world. that’s one is google, apple, Facebook, Amazon, Microsoft. Are you imagine who has handled those all-largest companies? I am sure you are thinking the owner of the company has to handle that. It is near about correct. But most of the company’s owners haven’t time to handle that. Then it is correct you are thinking about who has to handle those all-largest companies. (What is the meaning of CEO).
Those all-largest companies are handled by the CEO. To take just for an example the world’s largest company google. The founder of google company is Larry Page but it has handled by Sundar Pichai. Because Sundar Pichai is the CEO of the company. The founder of apple company is Steve Jobs but it has handled by Elon Musk. Because Elon Musk is the CEO of the company. The founder of Microsoft company is Bill Gates and Paul Allen but it has handled by Satya Nadella. Because Satya Nadella is the CEO of the company. The founder of amazon company is Jeff Bezos but it has handled by Jeff Bezos. Because Jeff Bezos is the CEO of the company.
Those all-largest companies are handled by the CEO. So, it is clearly defining the person who is CEO has most of the authority in the company.
So, let’s discuss actually what is the meaning of the CEO and its role and responsibilities in the company.
Meaning of CEO
A CEO is one person which displays the most important role in any business organization or company. So, the CEO stands for the chief executive officer, and sometimes we will be also called to use the term ‘President’ with the same meaning as Chief Executive Officer. A CEO is top position individual in a company or organization.
The meaning of chief executive officer is also called a chief administrator or chief executive, which has to ultimate authority the organization’s overall operations, making top-level managerial and corporate decisions. and also, the CEO is responsible for implementing existing plans and policies, ensuring the successful management of the business, and setting future strategies.
The Chief Executive Officer reports directly to and is accountable to, the Board of Directors for the performance of a company. The Board of Directors (BoD) is a group of individuals who are elected to represent the shareholders of the company. The CEO often sits on the board and, in some cases, she or he is the chairperson.
In the session on what is the meaning of CEO, we will also discuss the types of chief executive officers.
The types of CEO can be dedicated by the following points.
- Critical Thinker
- Team Player
- Bridge Builder
- The Explorer
- The Reviewer
- The Promotions
Visionary: – Visionary is the type of CEO which is coming from a creative background or a business industry. Those types of CEOs are involved in usually female CEOs who have a lot of creativity, imagination, and problem-solving capabilities. These types of CEO which tend to put a more significant emphasis on innovation than do male CEOs. The types of Visionaries which have strengths, of course, have a lot to do with being able to see ideas and vision rather than doing actual work. (What is the meaning of CEO)
Critical Thinker: – Critical Thinker is those types of CEO which are basically come from a technical or scientific background, and also these types of CEO who excel in areas where the service or product those types of CEO are running offers excellent growth potential. However, an essential skill for a critical thinker is to visualize their desired outcome and have the mental capability of turning that organizational goal into reality.
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