How do I work with a CEO

CEO - job description, areas of responsibility and demarcation

What is a CEO?

A Chief Executive Officer takes over the complete responsibilitythat are crucial to the Success or failure of a company.

The hierarchy of a company usually consists of several areas. Each department has a person who organizes the area and ensures that everything runs smoothly.

The Chief Marketing Officer (CMO) is responsible for all advertising and marketing. The Chief Information Manager (CIO) is responsible for managing the IT department. Next to it is the Chief Financial Officer (CFO)who heads the company's finance department. The Chief Operating Officer (COO) is subject to the organization of day-to-day business.

A CEO stands above all department heads. He is responsible for the correct positioning in the market and decides on all important ones Corporate activities.

At a GmbH he has the position of one Managing director inside. In listed companies (e.g. stock corporation or partnership limited by shares), a CEO takes on the duties of a CEO.

 

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What tasks does a CEO take on?

A CEO takes over Management of a company. His tasks include, for example, the planning of the necessary Investments and the personnel organization. A chief executive officer is for that Securing the order situation responsible. He also takes over the legal representation of the company outward. This means that he must ensure that the company meets all legal and statutory requirements (e.g. accounting requirements).

The following explanations show how a CEO's area of ​​responsibility differs from other people who take on responsibility in a company.

Duties of a CEO

The CEO bears for main responsibility for all internal processes. He ensures that all corporate goals (good market positioning, profit maximization, solvency) are met. He is also responsible for compliance with all legal requirements.

Responsibilities of a COO

The COO is in charge of this operational business. He is responsible for optimal Design of the operational processes. If, for example, he discovers that a production machine is out of date, he must report to the CEO. The CEO then decides in consultation with the COO and the CFO about a necessary investment measure. The final decision-making authority rests with the CEO.

Responsibilities of a CFO

A CFO is for the Finance of a company. Associated with him is the position of a managing director who is only responsible for the commercial area of ​​a company. The CFO ensures that the Company liquidity is secured. For example, if a COO wants to make new investments, the CFO can use his veto because the funds are insufficient for financing. Ultimately, however, the person who runs the company also decides here.

Responsibilities of a CTO

The CTO is comparable to that Managing Director of the technical area of a business. His area of ​​responsibility includes, in particular, the technical implementation of the requirements that top management places on him. To carry out this task, the CTO depends on close cooperation with the head of the IT department (CIO).

Duties of a CIO

The CIO is responsible for IT department responsibility. He performs all operational and strategic tasks related to the company's information technology.

 

If a CEO is unable to carry out his duties, he is represented by the company's Chief Operating Officer (COO).

What is the typical salary of a CEO?

There is no typical salary for a chief executive officer. What a CEO earns is largely dependent on three factors:

  • The salary is determined by the personal abilities of the job holder.
  • The earnings depend on the industry in which the company operates.
  • The monthly salary is determined by the place where the company is based.

A CEO in Bavaria can earn between EUR 9,000 and EUR 24,000 per month. If the company is based in Berlin, the salary of a CEO tends to be between EUR 7,960 and EUR 21,700.

The specified values ​​are gross amounts. Your net salary is also determined by your personal situation, among other things. Are you married or single? Do you pay an additional contribution to your health insurance or are you insured too privately?

How do you become a CEO?

To become CEO is one Studies are not a mandatory requirement. However, the skills that you acquire during your studies will support you and make your way there easier.

In addition, it is also an advantage if you have one stay abroad or several practical activities in executive management of a company.

How do you apply to be CEO?

The CEO application process starts like any other application. You apply for a job advertisement or increase your chances with an unsolicited application. For the optimal application as CEO you should attach the following documents:

  1. An executive summary of your résumé
  2. A description of the business success of other employers and the contribution you have made to it.
  3. A cover letter that is informative and short.

Frequently asked questions about the CEO

Is the CEO equal to the managing director of a company?

Yes, a CEO runs a company.

Does a CEO have more skills than a COO?

A CEO has significantly more competencies than a COO. A CEO is responsible for the success of the whole company. The COO ensures that the operational processes in his area are optimally designed - in a way that promotes profit and reduces costs.

Conclusion

A CEO is that Managing director of a company equated. He takes over Responsibility for all internal processes and represents his company externally.

A CEO owns more competence than a COO or other peoplewho have taken on responsibility in a company. A degree is the best basis for training. Applicants gain additional advantages through practical activities in the area of ​​executive management and stays abroad.

 

Image source: pixabay.com / RoyalAnwar