Chief Executive Officer (CEO)
A CEO, which stands for Chief Executive Officer, is one of the highest-ranking individuals in a company or organisation and one of a number of corporate executives in charge of managing an organisation. CEO's are appointed to roles across a range of organisations including public and private companies, Government entities and not-for-profit organisations. Although the role of the CEO will differ between organisations they are authorised and responsible for maximising the value of the company. They create, plan, implement, and integrate the strategic direction and management of the organisation and its operations. Depending on the company, a CEO may have several executives to assist in the daily administration of the company, each of which has specific functional responsibilities. These functions could be divided up into operations, finances, human resources, and marketing.
Although a CEO may have set office hours, they will often work outside of regular business hours and on weekends.
The pathway to becoming a CEO involves a combination of education and on-the-job experience. Most CEOs have completed a degree in a business related discipline and have years of practical knowledge and expeience. Their qualifications may include:
- Undergraduate Degree in Business Management or Administration
- Masters of Business Administration (MBA)
- Formal qualifications in Business
- Formal qualifications in Business Administration, Accounting and/or Team Leadership
- Expert knowledge or qualification of the industry or company you are working in
- 5-10 years experience in your industry
- Leadership and managerial experience
To work your way up to this role gain as much experience in business as you can. First-hand knowledge of how different parts of businesses operate will aid you in developing strategies as a CEO.
- Detail Orientated
- Strategic Thinking
- Commercial Acumen
- Financial Management
If you see yourself somewhere on this list it gives an insight into future career opportunities or an opportunity to glance back on how far you have progressed.
- Board of Directors
- Managing Director
- Chief Executive Officer (CEO)
- Chief Operating Officer (COO)
- Vice President
- General Manager
- Operations Manager
- Business Development Manager
- Strategic Planning Manager
- Commercial Manager