-Some CEOs don’t consider themselves financial people, but at the end of the day, it is their decisions that determine the company’s financial fate.
-The CEO considers carefully the company’s major expenditures, and manages the firm’s capital

The CEO’s job is the toughest in the world.The job description of a Chief Executive Officer(CEO) includes meeting the needs of employees, customers, investors, communities, and the law. Some of a CEO’s job can be delegated,but several elements of the job must be done by himself.

The core CEO’s job function

The core components of a CEO’s job description includes the following areas. Any CEO may take on any tasks, but the following cannot be delegated:

1.Setting strategy and direction.

2.Championing the company’s culture, values, and behavior

3. Building and leading the senior executive team

4.Allocating capital to the company’s priorities-needs- a basic function of financial management.

Although a CEO may get inputs for some of above duties, it is the CEO’s sole responsibility to effectively and efficiently execute them. Other activities ogiven CEO’s job is optional.

Success as a CEO requires more than just knowing the CEO’s job description. A CEO needs to know how to measure their success as a CEO,avoid the pitfalls that are unique to the CEO’s job, and conduct himself to stay sane and skillful over time.

A CEO Job Description

The feeling of being a CEO is exciting. The power, the salary, and the chance to be The Boss. It’s worthy of awe!

Bad news:

Few CEOs are good at what they do. In fact, only 1 in 20 are in the top 5%. Many don’t know what their job should be, and few of those can pull it off well. The job is simple—very simple. But it’s not easy at all. What is a CEO’s job?

A CEO’s responsibilities:

Include everything, especially in a startup. The CEO is responsible for the success or failure of the company. Operations, marketing, strategy, financing, creation of company culture, human resources, hiring, firing, compliance with safety regulations, sales, PR, etc.—it all falls on the CEO’s shoulders.

Being responsible means that the CEO is the one held accountable for the success of the company’s efforts, across the board. But of course, the CEO doesn’t actually do all that work.

Many start-up CEOs think fund-raising is their most important duty. Fund-raising is necessary, but the CEOs contribution is in building a superb business with the money raised.

So let us navigate the CEOs job desrciption, within the context of his core functions.

Setting strategy and direction.
What is the CEO’s main duty? Setting strategy and vision.The senior management team can help develop strategy. Investors can approve a business plan. The Board can approve, advise, or ask the CEO to revise a business strategy. But at the end of the day, it’s the CEO who ultimately sets the direction:

Which markets will the company enter? Against which competitors?

What will the company’s product lines be?

How will the company differentiate itself? Will it be low cost? High service? Convenient Locations? Flexible financing? High-touch? Mass produced?

The CEO decides, sets budgets, forms partnerships, sells off incompatible product lines, makes acquisitions, and hires a team to steer the company accordingly.

2. Championing the company’s culture, values, and behavior

The CEO’s second duty is building culture. Work gets done through people, and people are profoundly affected by culture. A lousy place to work can drive away high performers. After all, they have their pick of places to work. And a great place to work can attract and retain the very best.

Culture is built in dozens of ways, and the CEO sets the tone. His every action—or inaction—sends cultural messages .Clothes send signals about how formal the workplace is. Who he talks to signals who is and isn’t important. How he treats mistakes (feedback or failure?) sends signals about risk-taking. Who he fires, what he puts up with, and what he rewards shape the culture powerfully.

People imitate a CEO’s behavior when deciding how to act. The book Pre-suasion by Robert Cialdini, documents at length the ways in which, for example, a dishonest CEO makes employees feel as if they can cut corners, steal from the company, and generally behave according to those same standards.

A case study-

https://www.financialdigest.com.ng/the-ceo/

Nice one..
I'm an upcoming CEO
But a full fledge CEO on FB Lolzz

Tosinex:
Nice one..
I'm an upcoming CEO
But a full fledge CEO on FB Lolzz

Any difference between CEO and MD?