As the highest ranking executive manager in the company, what is the role of a CEO?
CEOs are usually in charge of day-to-day operations and management. They are expected to provide strong leadership, give clear direction and guidance to the management team while simultaneously empowering them to operate successfully.
The CEO is a key player in determining whether and how well the company will succeed. Effective execution of their job responsibilities magnifies the probability of success. The role involves three major responsibilities:
- Demonstrate 'leadership'
They should own the vision, and clearly communicate the company's direction via the overall strategy. Where appropriate, they will also seek Board advice and guidance.
- Deliver efficiencies
Efficiencies that enable the organisation to be capable of doing things the proper way. Putting the right people in the right positions with the right training is critical. They'll move to rectify any internal weaknesses. They will mentor and acknowledge the accomplishments of their people to keep them motivated, involved and on track to meet company business goals.
- Drive continuous innovation
CEOs leverage trends or opportunities. They'll evaluate outcomes, and maintain awareness of both macro and micro landscapes - opportunities for expansion, competitive activity, customers, markets, new industry developments and legislation. Successful CEOs look beyond their raw technology and focus on ways to help customers solve their problems. They describe their products in terms of how they address customers' needs and challenges.
It is key for the CEO to understand the everyday activities; how all the parts fit together to move the company forward. Successful CEOs do not get dragged into micro-managing small details. Successful CEOs remain focused on the fundamentals of increasing revenues and meeting set goals.
The CEO Institute was founded in 1992. It is now Australia's leading membership organisation for CEOs and senior executives. It provides a forum for over 1,000 Chief Executive members to connect and share their learning with each other. In 2011, The CEO Institute became the world’s first global certification body for CEOs, and in 2013, partnered with UNESCO in support of the "Malala Fund for Girls' Right to Education". In 2014, they began offering their programs globally.
The CEO Syndicate is an exclusive peer support network for CEOs. The first meeting of The CEO Syndicate program was held in Melbourne in June 1992. Offices were opened in Adelaide in 1996 and Sydney and Brisbane in 1997, with Perth launching in 2007. In 2015 the New Zealand office opened.
The Future CEO program is a certification course designed by the business leaders of today for the business leaders of tomorrow. The first Future CEO meeting was held in Melbourne in May 2012. In 2014, the "Future CEO Scholarship Fund for Women" was established, and continues to be offered today.
Membership of The CEO Institute is by invitation only. To register your interest click enquire.