What are the responsibilities of the Chief Executive?

The Chief Executive's primary responsibilities revolve around making major decisions and managing the overall operations of the organization. This role is pivotal because the Chief Executive is tasked with setting the strategic direction of the business, which involves determining long-term goals and ensuring that the company is moving in the right direction to achieve those goals.

In making major decisions, the Chief Executive evaluates opportunities and risks, allocates resources effectively, and prioritizes initiatives that align with the company’s vision. Additionally, managing overall operations means overseeing various departments, ensuring that they work cohesively towards the company’s objectives, and maintaining operational efficiency.

This responsibility also encompasses a focus on performance metrics to steer the organization toward success and adaptability in a changing market. The Chief Executive effectively acts as a bridge between the board of directors and the operational aspects of the business, aligning the strategic vision with day-to-day management.

The other roles mentioned—conducting audits, overseeing board meetings, and handling customer relations—are important in their own right but typically fall under the responsibilities of other executives or departments within the organization. For instance, compliance and audits are usually managed by a Chief Financial Officer or a dedicated compliance team, while customer relations is often the domain of a Chief Marketing Officer or a customer service department.