Between the functions of the CEO of a company highlight the orientation of the activities of a group of departments or the organization itself, as well as the development of strategies that are beneficial to the company.
The CEO is in charge of directing the actions of other employees to ensure that the goals and objectives of the company are met. He delegates activities among his subordinates, so that the organization functions as a system in which each worker performs a specific activity.
Likewise, the director is in charge of developing strategic plans to optimize the operation of the organization he serves. Establish alliances and relationships with other companies in order to obtain benefits.
In general terms, the director is the representative of the company at public events, before the press or before other companies. In addition, he is responsible for guiding, advising and providing support to other members of the organization to which he belongs..
It should be noted that the functions of the CEO are limited by the board of directors, made up of those in charge of each department of the company and its shareholders..
The main function of the CEO is to guide the employees of his company. Seeks that each department fulfills the functions that were assigned to it.
In order to guide their workers, the CEO takes into account the instructions and orders given by the board of directors, which is the body that regulates both the company and the CEO.
The CEO is in charge of delegating the responsibilities of the company among all departments.
For example, it attributes to the correspondence department the systematization of the letters, memos and other written communications that the company receives or issues..
Thanks to this, the company works as a system in which each employee plays a specific role within their department..
The board of directors, made up of the directors of the company's departments and shareholders, provides guidelines that seek to normalize the actions of the company and regulate the functions of the CEO.
The general manager ensures that the decisions made in the board of directors are carried out by the corresponding departments.
Another function is to ensure that the board of directors receives information concerning the affairs of the company. This ensures that the board can fulfill its regulatory functions.
On his own initiative, the CEO must notify the board of both the most important events that are taking place within the organization, as well as events that occur outside of it that may affect the actions of the company..
The buying and selling processes, the loss of considerable amounts of capital and the development of agreements with other entities are part of the information that the director must share with the board..
The CEO develops strategies to optimize the organization's performance. These strategies are presented to the board of directors, which decides whether or not they should be implemented..
You also have the power to bring the board of directors into session to discuss your ideas and suggestions..
In special circumstances, the CEO may make decisions regarding the development of the company's activities without consulting the members of the board of directors..
It should be noted that these measures should not negatively affect the operations of the organization..
It is also the role of the director to inform the board of these decisions as soon as possible..
The CEO is in charge of establishing relationships with both customers and shareholders as well as with other companies.
As he is in charge of establishing agreements between the organization and other entities, he must also ensure that the company he works for complies with the clauses of the contract. For this you can take certain measures with the support of the board of directors.
Just as the director negotiates with clients, he also has the obligation to seek sponsors and investors..
This is done in order to promote the products and services offered by the company and obtain capital to develop the other functions of the organization..
Similarly, the director should attend the investors' meetings and listen to their suggestions..
The CEO is the image of the company. This is in charge of representing the organization for which he works in public events, meetings with other companies, among others..
The CEO is aware that the finances of the company are managed correctly.
Although this function corresponds directly to the accounting and finance department, the director must ensure that the company's accounting notebooks are organized and show the reality of the financial status of the organization..
In addition to this, the director must ensure that the payment of the bills, such as the salary of the employees and the taxes, takes place..
In addition, you must ensure that the company has liquidity; that is, enough cash to be able to carry out immediate operations. The director can also request short-term loans to achieve said liquidity.
As the highest position in the company and person with more authority, the director must be the face and visible voice in times of special difficulty for a company. This can be internally with shareholders or clients, as well as externally with the media..
The director establishes the departments that he deems necessary for the proper functioning of the company, as well as choosing a manager or coordinator to lead it. Once established, you must keep track of the progress, needs, conflicts or evolution of each department.
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