Role and Responsibilities of a Chief Executive Officer

We have leaders as well as followers in all walks of life, not least in the business world. However, when it comes to the position of managing director or CEO India, there is inclined to be a perception of authority and money – rather than management.

The enormously conquering Harvard-qualified serial entrepreneur, Stever Robbins, himself CEO, COO as well as key player of a number of money-spinning business endeavors, explains this position as "the most in demand, and least understood" in any firm. Even as people think the CEO as an authoritative, "magically experienced" person, this is far from the reality. Instead, says Robbins, a successful CEO will hand over a few of his tasks, and focus on being an excellent leader.

Responsibilities of a CEO
In reality, an excellent men or women CEO in India will carry out four major responsibilities. He or she will:

·         Opt for strategies and lay down a vision for the company, giving direction and often appointing a team to help get it right. A CEO doesn't have to execute all the work!

·         Put up a culture for the company that will motivate those working towards its targets. This will generally cover everything from clothes and mind-set to rewards as well as reprimands; however the center of attention should be on a good place, where people would like to work and perform well for the company.

·         Have a strong focus on team creation, to make sure that each person working in the company identifies, shares, and works uncompromisingly towards the company's vision.

·         Keep a hold on the funds, making sure that finances work to support the vision as well as company’s strategies. Accountants play a huge role here; however any top CEO in India needs to be part of choices made financially, particularly when there are shareholders involved.

Management approach
Leaders facilitate others to achieve. However they don't all do it with the similar approach. An award winning ceo has mirrored his management approach on a military hero he had as a kid. This individual;

Was not motivated by money;

Performed with respect; and

Believed extremely strongly in what was correct

He said "I apply practices to my management approach from people who were able to accomplish so much through so less."

This is certainly one of the best qualities of any top CEO in India, and something all are able to learn from.

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What questions to put before hiring CEOs and his management team?

The fine evaluation of the CEO and the management team is important to the company’s performance. The evaluation course can be sum up into two main areas; company strategy formulation as well as implementation.

In line with a best performance study performed by a leading management institute in India, the CEO’s key challenge in planning and implementing the company strategy is not in coming across answers to the tough questions, the challenge is in asking over the correct questions. Putting the incorrect question will cause skewed operational plans.

Following are the top questions that every CEO must answer as well as the top questions that each CEO should ask his management team.

The top questions, a CEO should be asked:

Are we in the correct trade and market? What are the expansion areas to put in money and weakening areas to part from?

What are the financial and market study facts that support our plan?

What are our strong points, weak points, opportunities and threats (SWOTs)?

What are we doing to deal with every one of the SWOTs?

What is our core expertise? How can we be in command of them?

What are the important strategic as well as operational threats? How do we deal with them?

What are our key performance objectives?

How do we plan to accomplish those objectives?

How can we put up a continual competitive advantage?

How can we perk up dominance, management and reporting functions?

The top questions that should be answered by the management team:

Do we have a big expansion plan?

Do we have the correct expansion engine (business model, infrastructure, assets and set of connections)?

Does our operations management competently and successfully support our performance objectives? How do we identify?

Which dealers, partners, patrons and workers are delivering the real value? How do we acquire more out of the others?

What are the main SWOTs in every function, and how do you deal with them?

How can we build a sustainable competitive benefit in every function (promotion, IT, etc)?

What plans are required to implement our plan? How do we make sure that they are lined up and carried out with the right quality, in good time and inside the budget?

What are the major performance goals and motivation for every manager (CFO, COO and CHO)?

Do we have the suitable organization in place to meet the objectives? (The 5D strategy outline: financial plan, tools, goods, procedures and people)?

How can we communicate our strategies better to our stakeholders to win their support and accomplish our goals? 

By asking the above questions, we can surely expect to have excellent CEOs and his subordinate managers.

But ……….Those who have been able to get through this evaluation and are successful in their career now, are part of the CEO India magazine. It is a monthly lifestyle magazine that confines life, analysis and values of the top CEOs, including the top women CEO in India. You can go through the best Holiday destination review by young CEO in India also, on this.

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