We can divide the functions of a CEO within the business management or Business Management in:
Design and implementation of the Business Plan:
The business plan is a document developed by the entrepreneur of the project where the different factors and objectives of all the areas that are going to intervene in the start-up of a company are analyzed.
Nexus and Coordinator of the different departments of the company:
The CEO must coordinate all the departments that make up an organization. Specific tasks of a CEO are as below:
Define and enhance the corporate image:
He must dedicate time to the company’s culture and to the management of the brand since this is essential for the growth of the company.
Help and Support the Financial Department:
One of the functions of the CEO Kris Thorkelson is the search for investors for the company. You must be aware of the possible financial opportunities that arise.
Planning of business:
First of all the CEO must design a business plan so that chances to get succeed get increased.
Organize the business:
Another essential function of a CEO is to know how to organize the different directors of the departments that he has in his organization and to supervise their functioning.
He has to know how to coordinate the different departments; as Executive Director you must have the capacity and the necessary aptitude to organize all the departments.
To be a good CEO like Maryanne Thorkelson you have to know how to direct, motivate and encourage the staff you have in charge. Every day this role of the CEO is more important to understand how to motivate and retain the talent of your organization.
Ability to keep track of the execution of the different strategies to be followed and compliance with the business plan, which has been established.
The best CEO in the World:
The 10 best CEOs in the world, according to the Harvard Business Review, ranking developed by the prestigious Harvard University magazine. In this ranking, the performance of each of them is valued both from the financial point of view and sustainability and reputation.
To do this, it analyzes the actions of the 895 executive directors of the largest companies in a total of 32 countries.
Among them, we find Lars Rebien Sorensen, from Novo Nordisk, and Martin Sorrell, from WPP, and in third place, we see the Spanish Pablo Isla CEO of Inditex; Florentino Pérez Rodríguez, CEO of ACS occupies the 13th place.
For all the functions that we have talked about that a CEO should carry out, an MBA seems to be perceived as essential to occupy this position of responsibility in large companies. A good CEO must be well qualified.