10 FUNCTIONS OF THE CEO OF A COMPANY - JOB - 2025

Among the functions of the CEO of a company are the orientation of the activities of a group of departments or the organization itself, and the development of strategies that are beneficial to the company.

The CEO is in charge of directing the actions of other employees to ensure that the goals and objectives of the company are met.

He delegates the activities among his subordinates, so that the organization works as a system in which each worker performs a specific activity.

Likewise, the director is in charge of developing strategic plans that allow optimizing the operation of the organization he serves. Establish alliances and relationships with other companies in order to obtain benefits.

In general terms, the director is the representative of the company at public events, before the press or before other companies.

In addition, he is responsible for guiding, advising and providing support to other members of the organization to which he belongs.

It should be noted that the functions of the CEO are limited by the board of directors, made up of those in charge of each department of the company and its shareholders.

The 10 main functions of the CEO of a company

1- Orient

The main function of the CEO is to guide the employees of his company. Seeks that each department fulfills the functions that were assigned to it.

In order to guide its workers, the CEO takes into account the instructions and orders given by the board of directors, which is the body that regulates both the company and the CEO.

2- Delegate responsibilities

The CEO is in charge of delegating the responsibilities of the company among all departments.

For example, it attributes to the correspondence department the systematization of letters, memos and other written communications that the company receives or issues.

Thanks to this, the company works as a system in which each employee plays a specific role within their department.

3- Ensure the execution of the decisions of the board of directors

The board of directors, composed of the directors of the departments of the company and the shareholders, provides guidelines that seek to normalize the actions of the company and regulate the functions of the CEO.

The CEO ensures that the decisions made in the board of directors are carried out by the corresponding departments.

4- Provide information to the board of directors

Another function is to ensure that the board of directors receives information concerning the affairs of the company. This ensures that the board can fulfill its regulatory functions.

On his own initiative, the CEO must notify the board of both the most important events that are occurring within the organization, as well as events that occur outside it that may affect the actions of the company.

The buying and selling processes, the loss of significant amounts of capital, and the development of agreements with other entities are part of the information that the director must share with the board.

5- Develop strategies for the benefit of the company

The CEO develops strategies to optimize the organization's performance.

These strategies are presented to the board of directors, which decides whether or not they should be implemented.

You also have the power to bring the board of directors into session to discuss your ideas and suggestions.

6- Make immediate decisions (under special circumstances)

In special circumstances, the CEO may make decisions regarding the development of the company's activities without consulting the members of the board of directors.

It should be noted that these measures should not negatively affect the operations of the organization.

It is also the role of the director to inform the board of these decisions as soon as possible.

7- Establish negotiations with clients and other companies

The CEO is in charge of establishing relationships both with customers and shareholders as well as with other companies.

As he is in charge of establishing agreements between the organization and other entities, he must also ensure that the company he works for complies with the clauses of the contract. To do this, you can take certain measures with the support of the board of directors.

8- Interact with sponsors and investors

Just as the director negotiates with clients, he also has an obligation to seek sponsors and investors.

This is done in order to promote the products and services offered by the company and obtain capital to develop the other functions of the organization.

Similarly, the director should attend the investors' meetings and listen to their suggestions.

9- Represent the company at public events

The CEO is the image of the company. He is in charge of representing the organization for which he works in public events, meetings with other companies, among others.

10- Make sure finances are being done correctly

The CEO is aware that the finances of the company are managed correctly.

While this function falls directly to the accounting and finance department, the manager must ensure that the company's accounting notebooks are organized and show the reality of the organization's financial status.

In addition to this, the director must ensure that the payment of the bills, such as the salary of the employees and the taxes, is carried out.

In addition, you must ensure that the company has liquidity; that is, enough cash to be able to carry out immediate operations. The director can also request short-term loans to achieve said liquidity.

References

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6. The Role od an Operations Manager. Retrieved on October 19, 2017, from smallbusiness.chron.com
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