The Role of The Chief Executive Officer
A Business can be referred to as an economic activity or an organization where services and goods are exchanged for one another or money. Every business requires enough customers and some form of investment to which its output can be sold on a consistent basis to make a profit. Businesses are of diverse nature and origin for we have state-owned companies, privately owned businesses, and multinational businesses.
“What do you want to be when you grow up?” this is one of the questions that pop-up in most children and adults most of the adults find themselves unmotivated and hate their jobs while others find themselves engaged. Greg Lindberg, is an American business executive who owns several companies and a graduate of Yale University where he earned an honorary Degree in Economics in 1993. He founded Eli Magazine while a freshman at Yale and without aid he skyrocketed the company to 5 million dollars in revenue. The CEO of a regional telecommunications company, never thought he would become a CEO as he started out in humble beginnings in sales than marketing and changed profession to non-profit sectors as an assistant director. He learned new skills and gained new experiences throughout his hustles. Listening is one of the attributes he learned that molded him to be a CEO. Their investment size ranges from $1 to $20 million for healthcare & financial sectors, $1 to $40 million for industries & services, marketing & sales and less than $200 million for insurance (revenues under $100 million). As a CEO himself, Greg Lindberg knows that it can be difficult to define what a CEO does.
Being skilled and experienced at the job one is intended to head is an important element. A business organization is usually headed by a chief executive officer. The chief executive officer is usually charged with the role of carrying out a strategic plan. CEO will report to a Board of Directors or another governing board or group of officials who will judge his or her performance and determine whether or not any adjustments in pay and benefits are warranted. For government agencies, the CEO would be the head of the agency and report directly to the governor, President, etc. If the CEO is also the founder and owner of the company, there may not be a reporting body at all. Whether the CEO reports to a Board of Directors or not, his or her job will be to subdivided and directed to other executive leaders.
He or she may participate in civic and professional association events representing the organization, and he or she may also engage with the media to respond to organizational and industry news. Starting a business before beginning tertiary education could be a good idea. Passion is the greatest driver of businesses and many other ventures.
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