What are the duties of a CEO?
According to abbreviationfinder, CEO is the abbreviation of Chief Executive Officer. In German-speaking countries, this abbreviation means managing director or executive board member of a company. The term CEO is more of a functional description. In German-speaking countries, “CEO” has no legal relevance.
The managing director or directors bear the entire responsibility for the decisions of the company. The CEO develops the strategic directions. In his function, he represents the company. In addition, he acts as a brand ambassador to the competition on the market. Ensuring profitable growth is one of his tasks. The CEO is also responsible for sales, profit and loss. To do this, he must quickly identify new business opportunities and market opportunities. In this way, he ensures the targeted further development of the company. He acts as a motor, designer and source of inspiration.
Depending on the size of the company, the task focus is elsewhere. In larger companies, the CEO is responsible for controlling the entire business. In contrast, he is more operationally active in smaller companies.
Requirements for a CEO:
Ideally, a CEO should have studied business administration or law. In addition, it should have the following characteristics:
- Very high level of determination
- Strategic vision
- High level of responsibility
- Many years of international experience
- Excellent communication skills
- High social skills
He also moves forward with determination and delivers proven results.
Managing director, company management, chairman of the board, general manager