What Are the Responsibilities of a CEO?
Most people understand that there’s a ton of work that goes into being a CEO, but many don’t actually know what that work looks like. There’s a multitude of responsibilities that fall under the care of a company’s Chief Executive Officer. They range in everything from leadership to marketing. There is not a corner of the business that does not include some kind of input from the CEO. In order to provide a better understanding of the role, here are a few of the most common responsibilities.
Providing a sense of direction
The CEO is essentially the company’s compass. They create the vision for the company and then set things in motion to implement them. In conjunction with the company’s direction, a CEO must develop the strategy and consider how the overall operations will be impacted because of it.
Leading the Executive Team
All CEOs are required to play a part in building — and leading — the executive team. The CEO is the manager of the executives and delegates work according to their designated job duties. The CEO is there to provide direction, develop their skills, and vet any new additions to the team. It’s a huge job, but it’s vital to the success. The leadership team is the backbone of the company, so the CEO has a huge responsibility in making sure they are the best people for the job.
Liaison between Board and Company
The CEO is the sole liaison between the board and the company. When appropriate the CEO will seek out the board for advice and guidance. From there, they will take that information and directly apply it to the company. The board is there to assist the CEO and also make sure that the company is headed in the direction it should be.
Being the Chief Executive Officer of a company is not easy job, but it is extremely important. The CEO can lead a company to greatness or be the reason for its downfall. As the head of the leadership team, they are the big thinker, dreamer, and decision maker. They must always act in the best interest of the company and sometimes make the hard decisions that no one else wants to make. The job is extremely rewarding given all the hard work that goes into it.
Originally published at lloydclaycombceo.com on January 28, 2017.