CEO (position): transcript. Chief Executive Officer: translation

2024 Author: Howard Calhoun | [email protected]. Last modified: 2024-01-07 20:55

It's not uncommon to see abbreviations that aren't quite clear when looking at top management of a company. Their official websites indicate approximately the following data: CEO - Ivanitsky Petr Stepanovich or CFO - Lapitsky Sergey Gennadievich. If you have ever attended business conferences or visited all kinds of start-ups, then when introducing a speaker, you can hear announcements like: “We invite the next consultant to speak - CEO of the company such and such Igor Nikiforovich Sidorov.” What kind of CEO is this position, the decoding of which is not given anywhere? Probably, many people had similar questions.

In general, these abbreviations are used for unknown reasons, but it is known that these are abbreviations from the English language. CEO - a position whose abbreviation stands for the highest official of the company.

The meaning of the abbreviation and translation

This term can also be used for line managers. They are also called CEO, or Chief Executive Officer. The translation of the combination means "highest official". Within its jurisdictioninclude the development of an enterprise development strategy, the implementation of representative powers and decision-making at the highest level of management. Other managers may also be named there due to the fact that different organizations have a different structure and order of work.

It is also important to remember that this term should not be confused with SEO - Search Engine Optimization, which means optimizing sites for search engines, the term SEO is applicable only in the field of Internet marketing.

CEO - the position, the decoding of which is now clear - requires an explanation of the powers that the person holding it has.

Job Description of Executive Director

Any job description should contain a lot of provisions that standardize the work of an employee. The instruction for the director is no exception, because this employee is often hired.

General provisions

This section of the job description for the Chief Executive Officer contains the main beginnings of his activities. Thus, the main emphasis in the activities of the executive director is on the fact that he occupies a managerial position and is obliged to manage personnel. The main points of the section:

• Who appoints this employee (usually the CEO).
• Who obeys.

• Designation of an officer who replaces the executive director in his absence.

• Requirements,which the future employee must comply with.
• Knowledge and information you should have.
• Acts to be followed by this employee.

Job Responsibilities

The next item that is contained in every job description for the Chief Executive Officer is duties. They include the following:

• Organization of work and interaction of all departments of the company.
• Participation in the development and strategic planning of the enterprise.
• Prompt execution of activity analysis.
• Developing a system of motivating incentives for employees.
• Responsible for the compliance of his subordinates with the rules of labor discipline.
• Checking the correctness of record keeping: monitors compliance with the norms of economic and legal record keeping.
• Identifies shortcomings in the company's activities and takes all possible means to eliminate shortcomings in the work.
• Follows the instructions of the immediate supervisor - the CEO.

Rights

Rights are also a mandatory attribute that the job description should provide. The executive director of the company has the right to:

• Make independent decisions about personnel management.
• On failureinstructions of the General Director, if they contradict the current legislation.
• Contact the CEO with suggestions for improving the work of the commercial service and the overall operation of the enterprise.
• Make suggestions for improvement about rewarding or punishing certain employees.

Responsibility

Another important point is the responsibility of the CEO. The instruction must indicate that this employee is responsible for the following:

• Failure to complete the tasks set by the immediate supervisor.
• Lack of resolution of issues within its competence.
• For not reporting on their work.
• For distributing trade secret information.

Types of Executive Directors

When deciphering the CEO position, the type of manager should also be taken into account:

1. The innovator is a professional that many line managers are looking for, so that this employee can carry out assignments related to the development and maintenance of a new strategic policy or direction of the enterprise, which will be aimed at full-scale improvement of the company's activities. The best option in this case is a charismatic person who is able not only to build a new strategic direction, but can also lead people to implement it.these ideas.
2. A successor is a leader who is hired, as if bailed out, to teach him all the nuances of the company's activities for the transfer of management authority in the future.
3. A mentor is a person who is hired to support and train a new and not yet fully aware CEO. If there is a need for such a specialist, it is necessary to look for a manager with extensive experience in conducting work and a wide range of connections.
4. Partner is another CEO position, which means a person who fully shares the views of the CEO. Ideally, if the executive director complements the activities of the general director with his actions. A great example of this kind of collaboration is when the CEO is a soft leader in leadership and negotiation, and the executive becomes a factor in maintaining a tough leadership reputation.