Responsibilities of CEOs
1. Management and Administrative Decisions: CEOs ought to have the ability to decide on important management and administrative decisions for the business.
2. Inspiration: The CEO should guide the business in such a way that he inspires all of the staff members as well as the other executives and also take charge of every aspect of the business.
3. Department Responsibilities: Every department, including marketing, finance and production, should be under the CEO’s supervision.
4. Using Resources Efficiently: They should also make sure that the organisation’s resources are being used as efficiently as possible to maximise profits for the individual shareholders and maintain the delivery and quality of goods and services.
5. Budget Planning: The CEO ought to oversee and take part in the yearly and intermediate budget planning process, ensuring that expenditure remains within allotted limits.
6. New Developments: He/She should also look after the company’s new product and service developments so that it can be consistent with the overall objectives of the company and objectives.
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