Ceo - Top Executive And Entrusted Chief Officer

CEO or chief Executive Officers, also characterized as `top executives' of organizations or institutions, are among the highest paid workers; however, long hours, considerable travel, and intense pressure to succeed are common. The formal education and experience of top executives vary, as widely as the nature of their responsibilities.

CEOs typically all formulate policies and direct the operations of businesses and corporations, nonprofit institutions, governments, and other organizations.

A corporation's goals and policies are established by the chief executive officer in collaboration with other top executives, who are overseen by a board of directors. It is up to the CEO to ensure that operations are conducted in accordance with these policies. The chief executive officer of a corporation retains overall accountability; however, a chief operating officer may be delegated several responsibilities, including the authority to oversee executives who direct the activities of various departments and implement the organization's policies on a day-to-day basis. In publicly held and nonprofit corporations, the board of directors ultimately is accountable for the success or failure of the enterprise, and the chief executive officer reports to the board. Highly specialized duties are commonplace and part of a normal day.

Most chief executives are hired by a local government executive, council, or commission, to whom they are directly responsible. These officials formulate and establish government policy and develop Federal, State, or local laws and regulations. Top executives are found in every industry, but service-providing industries, including government, employ almost 8 out of 10.

Typical CEO candidates, role and function:

• Determine the company's mission and strategic direction as conveyed through policies and concrete objectives, which they meet through the effective management of human, financial and physical resources
• Authorize and organize the establishment of major departments and associated senior staff positions
• Allocate physical, human and financial resources to implement organizational policies and programs; establish financial and administrative controls; formulate and approve promotional campaigns; and approve overall human resources planning
• Select middle managers, directors or other executive staff; delegate the necessary authority to them and create optimum working conditions
• Represent the organization or delegate representatives to act on behalf of the organization in negotiations or other official functions.
• May specialize in areas such as finance, marketing or human resources or in a particular service area.

Keen competition is expected for top executive positions, with the prestige and high pay attracting a large number of qualified applicants. Because this is a highly responsible occupation, numerous openings will occur each year as executives transfer to other positions, start their own businesses, or retire. However, many executives who leave their jobs transfer to other executive positions, which tend to limit the number of job openings for new entrants. Salaries vary substantially by type and level of responsibilities and by industry and the role involves extensive travel and requires excellent interpersonal skills and resilience.

American Management Association, 1601 http://www.amanet.org

Institute of Certified Professional Managers http://cob.jmu.edu/icpm/

International Public Management Association for Human Resources, http://www.ipma- hr.org

National Management Association, http://www.nma1.org

The formal education and experience of top executives varies as widely as the nature of their responsibilities. Many top executives have a bachelor's or higher degree in business administration or liberal arts. College presidents typically have a doctorate in the field in which they originally taught, and school superintendents often have a master's degree in education administration.

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