The CEO is responsible for leading the organization and deploying firm resources effectively for the overall business growth and development. The key objective of the CEO is to maximize profits and increase shareholder value. The role assumes significant responsibilities in terms of decision making, strategic planning and re-thinking business models to generate higher profits and market shares. The customers, employees, investors, and other stakeholders are directly impacted by the decisions taken by the CEO. He / She set the direction of the business by defining strong vision and mission for the firm.
Being the head of the business is not an easy task considering the wide range of responsibilities to ensure that the business is running profitably and overcome the challenges presented by competing forces, evolving market trends and any other factors that impact business performance. The successful CEO steers the business in the right direction, overcoming all challenges, and providing the firm with a strong leadership that enhances its market performance and defines its operational efficiency.
The CEO is responsible for developing and communicating the organizational vision and mission; leading and guiding the management in areas of business growth, development and operational efficiency; formulating strategic plans that provide the direction for existing and future actions; ensuring the effective implementation of these plans and assessing the business performance on a regular basis.
- Must have strong leadership skills and excellent communication skills
- Must have the capability to visualize the future trends in the defined business sector and formulate effective strategies
- Must have a good understanding and knowledge of the business environment
- Must have excellent numerical and analytical skills
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