The Art of Mastering Businesses

The Role of The Chief Executive Officer

Trading goods and services for money could be referred to as a business. For any economic activity to make gains there’s need to invest in it. There are state-owned, privately owned and non-profit businesses across the globe.

Most of the adults are unmotivated and really hate their jobs while a small section of them do find themselves engaged Among the most successful business executive in this century is Greg Lindberg; he has several companies in his name. As a freshman at Yale, he founded Eli Magazine and bootstrapped Eli Research to $5.0 million in revenue without any outside capital. He started out in sales, marketing and changed his profession to an assistant director in the non-profit sector and later becoming a CEO of a regional telecommunications company. 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). In general, everyone knows that the CEO is the boss, but few may know what the job entails on a day-to-day basis. In truth, Greg Lindberg says, the role will differ depending on the size of the business, the personality of the CEO, and the type of industry the business is in.

There are some common aspects of the job that most CEOs will have to deal with to be successful. The leading person in a business organization is the 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. Where the business organization is owned and run by the chief executive officer there might lack oversight or it might be weak. Making of goals and strategies also involves the chief executive officer; he’s also supposed to implement those goals and strategies.

In most cases, the CEO will also serve as the face of the organization. Starting a business before beginning tertiary education could be a good idea. To find a job that one loves it’s important that they follow their passion.