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The full form of CEO is Chief Executive Officer. A CEO represents the highest level of position in any organization. This indicates that a CEO is responsible for looking after the overall revenue of the company. A CEO makes major corporate decisions, manages the overall operations and resources of the company, and acts as the main point of communication between the board of directors and corporate operations.
While small organizations are usually run by their owners, big companies have a CEO who can manage the entire administration. But not everyone can become a CEO, it needs major experience, high-class work ethics, and strong leadership qualities. Read on to know what it takes to be a CEO.
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Who Can Become a CEO?
There is no specific eligibility for becoming a CEO. But you need to have strong educational qualifications. CEOs of top companies like Sundar Pichai (Google) from an IT background, and Tim Cook (Apple) have a degree in Business, this indicates that you don’t require a particular degree to become a CEO.
However becoming a CEO can be a challenging task but with the right approach, quality education, and extensive work experience, you can definitely become one.
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What Does a CEO do?
A CEO takes up the following responsibilities apart from leading the organization:
- Balancing profits, costs, and opportunities, determining the organization’s direction
- Representing the organization and taking initiatives to capture a wider range of potential audience
- Gathering information from the executive team and VPs in the organization
- Assessing the progress towards goals and creating strategies to move forward to meet annual expectations and improve financial growth.
- Looking for ways to increase shareholder value
Also Read- How to Become an Entrepreneur
FAQ
The salary of a CEO differs depending on the niche of the business. sometimes, for a unicorn business, the salary can touch crores in the first few months of initiation.
A CEO takes care of the overall departments of the company. However, it is not always the case that the CEO is the founder of the company.
the job profile of a CEO includes taking care of the overall management of a firm or a company. They can handle all the departments of the company and seek for any change if and when needed be.
We hope that this blog helped you understand the CEO full form. For more such interesting careers, visit our page now!