What is a CEO? Who s going to explain?

What is a CEO?

The Chief Executive Officer (CEO) is the most senior executive in charge of the day-to-day operation and management of an enterprise, also known as the Chief Executive Officer (Hong Kong and Southeast Asia) or the Chief Executive Officer (in Japan). In Hong Kong, the CEOs of large corporations and large groups are also verbally called "Taipan", which is an honorific title with a compliment, which means the person at the helm of the enterprise.

Strictly speaking, CEO is an inappropriate term, and it is a blunt translation of the English word for word chief executive officer, and the chief executive is the most appropriate translation for CEO. But because the term "CEO" has spread widely in Chinese mainland, people have slowly become accustomed to the inappropriate title.

The basic responsibilities of the CEO.

In a nutshell, the CEO is accountable to the company's board of directors and is often a member of the board. Have the ultimate authority to execute business management decisions within the company or organization. In smaller companies, the CEO may be both chairman of the board and president, but in large companies these roles are often held by different people, so as to avoid one person having too much role and power in the business, and also to avoid conflicts of interest between the company itself and the company's owners (i.e., shareholders).

The main responsibilities of the CEO are:

1. Make decisions on all major business and operation matters of the company, including the increase or decrease of finance, business direction, business scope, etc.;

2. Participate in the decision-making of the board of directors and implement the resolutions of the board of directors;

3. Preside over the company's daily business activities;

Fourth, sign contracts or handle business with external parties;

5. Appointment and dismissal of the company's senior management;

6. Regularly report to the board of directors on the business situation and submit annual reports.

Other responsibilities of the CEO can also include establishing, reinforcing or changing the corporate culture, team building, and more.

1. The CEO (Chief Executive Officer) is similar to the general manager and president, and is the legal representative of the enterprise.

The CEO is accountable to and often a member of the company's board of directors.

Have the ultimate executive power within the company or organization. In smaller companies, the CEO may be both the chairman of the board and the president of the company, but in large companies these roles are often held by different people, so as to avoid individuals having too much role and power in the company, and to prevent conflicts of interest between the company itself and the owners (i.e., shareholders) of the company.

2. COO (Chief Operating Officer) is similar to the executive general manager.

Generally speaking, the COO is responsible for the construction of the company's functional management organization system and handles the daily functional affairs of the enterprise on behalf of the CEO. If the company does not have a president, the COO also undertakes the overall business management function, is in charge of corporate marketing and comprehensive business development, is responsible for establishing the company's entire sales strategy and policy, organizes production and operation, assists the CEO in formulating the company's business development plan, and evaluates the company's business performance.

3. CFO (Chief Financial Officer) is similar to the general manager of finance.

In the operation of a large company, the interaction between corporate finance and financial markets, project valuation, risk management, product research and development, strategic planning, identification and establishment of the core competitiveness of the enterprise, and insight into the impact of information technology and e-commerce on the enterprise are naturally within the scope of the CFO's responsibility.

4. CTO (Chief Technology Officer) is similar to Chief Engineer.

In China, CTO is usually grown up step by step by software engineers (programmers), while CIOs are usually grown up by IT engineers (network managers), one is inclined to program development, and the other is inclined to IT management.

Domestic CTO is more focused on R&D management, and CTO is responsible for managing all resources related to development and completing the project on time. On the other hand, it is similar to the role of the chief engineer, as a technical leader, to conduct some research on the company's next technological development direction, make judgments and help the CEO make decisions.

5. CIO (Chief Information Officer) is in charge of the collection and release of enterprise information.

is a senior ** responsible for all areas of a company's information technology and systems. They support the company's goals by directing the use of information technology. With knowledge of both technology and business processes, they have multifunctional concepts and are often the best candidates to align an organization's technology deployment strategy with its business strategy.

CEO: Chief Executive Officer (abbreviated as CEO).

COO: Chief Operating Officer (COO).

CFO: Chief Financial Officer (CFO).

CIO: Chief Information Officer (CIO).

CTO: Chief Technology Officer (CTO).

CMO: Chief Marketing Officer (CMO).

The Chief Executive Officer (CEO) is a product of the reform and innovation of the corporate governance structure in the 60s of the 20th century.

Due to the changing market situation, the speed of decision-making and the strength of execution are more important than ever. The traditional corporate system of "board of directors decision-making, managerial implementation" has been difficult to meet the needs of decision-making. Moreover, the information transmission lag and communication barriers between the decision-making level and the executive level, as well as the increase in decision-making costs, have seriously affected the ability of managers to respond quickly and execute major decisions of the enterprise.

The first point to solve this problem is to let managers have more power to make independent decisions, so that managers can fight more for their own decisions and be responsible for their own actions. CEOs are a product of this transformation. In a sense, the CEO represents the transition of some of the decision-making power from the original board of directors to management.

The CEO and the general manager are both the "top leaders" of the enterprise, the CEO is not only the chief executive, but also the spokesperson for shareholders' rights——— in most cases, the CEO appears as a member of the board of directors, and the general manager is not necessarily a member of the board of directors. In this sense, the CEO represents the business and is responsible for its operations. Since there are no similar superiors and checks from all sides abroad, the authority of the CEO is more absolute than that of the general managers in China, but they will never intervene too much in the specific affairs of the company like the general manager.

Once the CEO makes an overarching decision, the executive authority is delegated. So some people say that the CEO is like 50% of the chairman and 50% of the general manager in my country.

Generally speaking, the main responsibilities of the CEO are threefold: to make decisions on all major affairs and personnel appointments and dismissals of the company, and after the decision, the authority is delegated to specific supervisors, and the CEO has less specific intervention; Create a corporate culture that motivates employees to want to serve the company; Sell the overall image of the company.