| Introducing the Job of CEO | | | | graduate or post-graduate degree in management, |
| The CEO, or Chief Executive Officer is the most | | | | finance or other related areas. |
| important person in the management of an | | | | The CEO has the overall primary management and |
| organization. In a corporation governed by a board of | | | | leadership role in the organization. Therefore, it is |
| directors, the CEO is the single most important | | | | critical that he have strong knowledge and skills in a |
| authority who is primarily responsible for carrying out | | | | wide variety of areas. However, there are certain |
| the plans and policies laid down by the board of | | | | areas which provide the foundation for the CEO's |
| directors. In this case, the CEO reports to the board | | | | knowledge and skill base. These are general |
| of directors. In a business like sole proprietorship or | | | | management, finance, investment, marketing and |
| partnership not governed by a board of directors, | | | | sales, nature of industry, economics and technology. |
| the CEO is the single most important authority other | | | | Career Path |
| than the partners or whoever sets the direction of | | | | No one can become a CEO at the start of their |
| and oversees the operations of an organization. | | | | career, except of course sons or daughters of big |
| Key Responsibilities | | | | industrialists or businessmen who may be given this |
| The CEO is responsible for implementing the strategy | | | | responsibility immediately after their finishing formal |
| agreed upon by the Board in the formulation of which | | | | education. Others start at the junior managerial or |
| he himself has played a major role. He regularly | | | | technical level and advance their skills through |
| reports to the Board and informs and consults the | | | | on-the-job learning, training and experience and yet |
| Chairman with appropriate and timely information so | | | | they may not become the CEO, because the position |
| that the Board and the Chairman can discharge their | | | | of CEO is generally identified with the owners of the |
| responsibilities effectively. He develops and delivers | | | | business. So, in order to become a CEO one must |
| the strategic objectives of the company agreed with | | | | have a strong entrepreneurial ability so that they |
| the Board and recommends significant operational | | | | could establish their own business and become its |
| changes and major capital expenditures where these | | | | CEO. |
| are beyond his delegated authority. He also assigns | | | | Needless to say there can be nothing more |
| responsibilities to senior management, establishes a | | | | rewarding both intellectually and financially than being |
| strong management team and oversees the | | | | a CEO. There are no upper limits to the salary of a |
| establishment of effective risk management and | | | | CEO and it increases correspondingly with company |
| control systems. All the staff of the company, other | | | | profits. |
| than the Chairman's immediate staff and the | | | | Summary |
| Company Secretary, ultimately report to the CEO. | | | | When discussing the CEO Resume, being a CEO is |
| Level of Education Required | | | | the ultimate in the corporate world. However it is not |
| It is clear that the CEO is the executive head of the | | | | something easy to achieve. One must have very |
| company and along with the Chairman and the Board | | | | good skills as well as formal education in all areas of |
| members is the highest functionary. Obviously, he | | | | business management along with a keen insight into |
| must be a very senior manager with very sharp skills | | | | broader political and economic issues. Additionally, |
| in different areas of management and considerable | | | | they must possess an entrepreneurial spirit to |
| formal qualifications. So, the CEO generally has a | | | | achieve this ultimate position. |