Jan 19, 2009

How Does a CEO Spend a Workday?

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CEO as a Coach and Leader

CEOs spend their days managing and training sales, financial professionals and technical staff. The position of a CEO requires an individual of multifaceted experience. The CEO will engage with new clients, establish strategic partnering relationships with other corporations and create new production processes or product initiatives with other vendors, manufacturers and firms. For these reasons, a CEO is the most prestigious attendee at conferences, stockholders meetings and training or promotional seminars. Additionally, the CEO is in charge of upholding the company's ethics and overseeing the morale of employees. CEOs must be able to make good judgement calls, especially when it comes to terminating an employee. The CEO is beyond the power of the human resources department and may dictate the requirements for hiring, promoting and firing within the company.

CEO as an Investment Strategist

A CEO is like the mast of a ship, or the center of everything in the company. Likewise, the CEO is the visionary of the company, seeing everything from the top of the company to the bottom and projecting the company's potential for growth and success. The CEO must be a wise strategist when it comes to investing for the company. The CEO will direct, at his discretion, the company's decisions to merge with another company for profit. This individual is the forecaster of the company. The CEO projects where a given path will take the company and ultimately makes the decision whether to proceed or abandon a course of action for the good of the company.

CEO as a Reporter

The CEO of a company will be responsible for informing shareholders of the company's status. This means that the CEO will report to board members and shareholders on the corporation's overall progress. These reports will include the production of the company, sales generated and whether or not shares will be reinvested in the company or distributed to shareholders at each meeting. In this regard, the CEO has a great deal of control over the investments and finances of the company. A CEO that does a poor job of reporting or directing the company may be fired, which would require a shareholder's meeting.

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