Know What a Top Executive Job Entails
Almost everyone in the
corporate world aspires to become one of their company’s top executives, which
is more than likely due to the fact that top executives, regardless of their industries
and fields of specialization, are well respected for their educational
attainment, experience and authority.
Aside from the prestige,
landing a Top Executive Job is also associated with high compensation which is
probably one of the main reasons professionals in most industries eventually
aim at climbing the corporate ladder during their career.
Of course holding a Top Executive Job does not only mean prestige and a lucrative income, but also a
great deal of work responsibilities. Moreover, top executives typically work
long hours, travel a quite fair bit, and face intense pressure to improve their
organization and succeed.
But what exactly does a top
executive do? The range of tasks of top executives actually differs from one
industry to another. Furthermore the various job duties and responsibilities
they handle are in accordance to the titles they hold. The job functions of a
company’s chief executive officer naturally differs from that of the duties of
the president, the vice president or the general manager.
Top Executive Job Functions
The chief executive officer
(CEO) is responsible for establishing the organization or the corporation’s
policies and goals while collaborating with other top executives. CEO’s play
multiple roles in an organization, including playing the role of a policy
maker, a strategist, a leader and a negotiator.
Although CEO’s of
corporations usually retain overall accountability, chief operating officers
(COO’s) are also delegated a number of heavy responsibilities. COO’s have the
authority to implement the corporation’s policies on a daily basis, as well as
administer other executives who direct various departments’ activities.
In addition top executives,
especially chief financial officers, are not only accountable for the company's
operational success, but for coming up with accurate financial reports as well.
On the other hand, general
managers and operations managers are responsible for planning, directing, or
coordinating the operations of the corporation or other organizations. Aside
from managing everyday operations, they also create policies and plan how to
utilize materials and human resources accordingly.
In some cases, their
executive job roles may overlap with the tasks carried out by the CEO.