The full form of CEO is Chief Executive Officer. In a business or organisation, the CEO denotes the highest position and is in charge of management and administration. The CEO is perhaps the most senior administrative or executive officer managing the business’s revenue and overall operations. The Chairman or Board of Directors receives direct reports from the organization’s CEO.
The CEO is in charge of implementing policies, inspiring, motivating, encouraging the workforce, and bringing about change. A CEO needs to have a strong work ethic, experience, and an understanding of business networking. CEOs in the nonprofit and government sectors frequently work to achieve results connected to the organization’s mission, such as lowering poverty rates, boosting literacy rates, etc.
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Eligibility Criteria
- The position of CEO of any company or corporation does not require an equivalent and thorough educational certification.
- The CEO is chosen by the board of directors of a firm to hold the top position within that organisation.
- It has been widely noted that many CEOs hold degrees in science, law, or engineering.
Key responsibilities of the CEO
- The CEO makes each critical business decision.
- He offers a reliable setting for working and conducting business.
- He encourages, stimulates, and supports the company’s or enterprise’s workers.
- A CEO is altering business strategy, tactics, and policy.
- He is in charge of all business operations.
- He assigns its subofficers the responsibilities and roles.
- The CEO helps find candidates for the Council.
- The CEO advises or recommends a yearly budget, which controls and manages the organization’s capital intelligently and sensibly.