In order to keep a company running as well as possible and to ensure that targets are achieved, there are various roles. With larger companies you see that there is more difference between the activities of the employees than with smaller companies. This diversity particularly applies to the larger scale-ups and corporates. For further growth, as a CEO it is good to sometimes take a critical look at what expertise is still lacking in your company. In some cases, you will find that there are activities that can be carried out more efficiently. To conclude that things can be enhanced is not always easy. However, recognising your own weaknesses is precisely what is needed to help your company take the next step.
A role that exists in every company is the Chief Executive Officer, also known as CEO or Managing Director in the Dutch vernacular. The person who carries this job title has various responsibilities. The most important is his responsibility for the overall success of the company and making management decisions at top level. Incidentally, this does not mean that he decides everything on his own; advice or input is often sought from other employees. The final decision, however, lies with the CEO.
Tasks of the CEO
Whereas others focus on a specific shared within the organisation, the managing director focuses mainly on tasks that are organization wide. Think of representing the company to the media or other companies. You can also see the CEO as the face of the company. In addition, managing, hiring, evaluating, promoting and dismissing personnel is part of the general manager’s duties. Managing budgets, drawing up contracts and agreements is often in the hands of other positions within the company. However, the CEO often has a control function over this to see if everything goes according to plan. Finally, business management is an important part, which includes elements such as working efficiently and cost savings.
The Executive Board also plays an important role in many companies. This is a group of people elected to represent the company’s shareholders. The CEO often sits on the board of directors and in some cases, he is also chairman. He tells and justifies choices that have been made. Sometimes, however, there is no board of directors and the company is set up, for example, from its own capital or savings.
Role per company: small vs. large
The role of a CEO is often not so black and white and overlaps with other roles within a company. The range of tasks also differs per company, organizational structure and the size of a company is also an important factor. In smaller companies, the CEO often also deals with lower business decisions such as job interviews. Small companies often have a flat organizational structure. In large companies this is part of the tasks of the HR manager, for example, and the CEO focuses on tasks such as long-term business strategies.