Quite often, when viewing data on the top management of a company, you can see incomprehensible abbreviations. On their official websites approximately the following data is indicated: CEO - Ivanitsky Peter Stepanovich or CFO - Lapitsky Sergey Gennadevich. If you have ever attended business conferences or attended various startups, then when introducing the speaker you can hear announcements like: “We invite the next consultant - CEO of such and such Sidorov Igor Nikiforovich to speak”. What kind of CEO is this - a position whose decryption is not given anywhere? Probably, many had similar questions.
In general, these abbreviations are used for unknown reasons, but it is definitely known that these are job cuts from the English language. CEO - a position, the abbreviation of which stands for the highest officer of the company.
Meaning of Abbreviation and Translation
This term can also be defined and link managers. They are also called the CEO, or Chief Executive Officer. A translation of the combination means "senior officer." His competence may include the development of an enterprise development strategy, the implementation of representative powers and decision-making at the highest level of management. Other managers may be referred to there because of the fact that different organizations have different structures and procedures for performing work.
It is also important to remember that this term should not be confused with SEO - Search Engine Optimization, which means website optimization for search engines, the term SEO is applicable only in the field of Internet marketing.
CEO - a position whose decoding is now clear - requires an explanation of the powers that the person holding it has.
Executive Director Job Description
Any job description should contain a lot of provisions that standardize the work of an employee. Instructions for the director are no exception, because this employee is often hired.
General Provisions
This section of the job description for Chief Executive Officer contains the basic principles of his work. So, the main emphasis in the activities of the executive director is on the fact that he occupies a leadership position and is obliged to carry out personnel management. The main points of the section:
Who appoints this employee (usually the CEO).
To whom it submits.
Designation of the official who replaces the executive director in case of his absence.
Requirements that a future employee must meet.
Knowledge and information that should be possessed.
Acts that this employee should be guided by.
Job responsibilities
The next item in each job description for the Chief Executive Officer is responsibilities. They include the following:
Organization of work and interaction of all divisions of the company.
Participation in the development and strategic planning of the enterprise.
Operational performance analysis.
Development of a system of motivating incentives for employees.
Responsible for compliance by his subordinates with the rules of labor discipline.
Validation of paperwork: monitors compliance with economic and legal paperwork.
Identifies deficiencies in the company’s activities and takes all possible means to eliminate deficiencies in the work.
Fulfills the instructions of the immediate supervisor - the general director.
Rights
Rights are also a mandatory attribute that a job description should provide. The executive director of the company has the right:
Make independent decisions regarding personnel management.
For non-fulfillment of the instructions of the General Director, if they contradict the current legislation.
Address the General Director with suggestions for improving the work of the commercial service and the general activity of the enterprise.
Make suggestions for improvement to reward or punish certain workers.
Responsibility
Another crucial point is the responsibility that the executive director bears. The instruction should indicate that this employee is responsible for the following:
Failure to fulfill the tasks set by the immediate supervisor.
Lack of resolution of issues within its competence.
For failure to report on their work.
For the dissemination of information relating to trade secrets.
Types of Executive Directors
When decoding the position of CEO, the type of manager should also be considered:
An innovator is a professional who is sought after by many direct managers of enterprises so that this employee can carry out tasks related to the development and maintenance of a new strategic policy or direction of the company’s activities, which will be aimed at the full-scale improvement of the company’s activities. The best option in this case is a charismatic person who is able not only to build a new strategic direction, but can also lead people to implement these ideas.
A successor is a leader who is hired, as if taken on bail, to teach him all the nuances of the company’s activities for the transfer of management authority in the future.
Mentor - A person who is hired to support and train a newly arrived and not yet fully informed CEO. If there is a need for such a specialist, you need to look for a manager with extensive experience in conducting work and a wide range of contacts.
- A partner is another CEO position, the decoding of which means a person who completely shares the views of the CEO. Ideally, if the executive director complements the activities of the general manager. An excellent example of such cooperation is a situation in which the CEO is an adherent of soft leadership and negotiation methods, and the executive becomes a factor supporting the tough reputation of management.