Role Of Chief Executive Officer

Work Environment and Duties: Chief Executive Officers
The duties of a Chief Executive Officer range from planning, directing, and coordinating operational activities to ensure the company meets its goals. The CEO reports to the board of trustees or to the owner of the organization. The duties of the CEO of an organization range depending on the size of the organization which means that they typically work more than 40 hours per week. Their duties consist of the following but are not limited to:
• direct and oversee finances and budgets
• manage general activities to ensure the product or service they offer is being done correctly
• oversee the work of other executives who direct the activities of various departments
• negotiate and approve

Although, the educational level for an entry level CEO is a bachelor’s degree along with at least five years of experience very few are appointed with this kind of educational background and experience. It often takes 15 through 30 years of experience with an organization to be promoted to the position of CEO. Others land the job by having numerous years of experience with various organizations. More often than not some land the job with no college education as they work their way up with the organization (The Bureau of Labor Statistics, 2015, n.p.). There are countless ways to land the job as a CEO due to the various educational backgrounds and the demands of the criteria of the organization and what they want their CEO to possess as far as skill

More often, CEO’s are appointed from within the company as they are familiar with the company’s culture as opposed to appointing an outside candidate. According to Forbes, “three-fourths of today’s top leaders were appointed internally” which means that promoting from within is common among most companies (Sanders, 2011, p. 2). Companies favor internal appointments instead of external appointments due to the fact that the candidate is familiar with the company’s policies and everyone there. This also means that the company is taking less of a risk by appointing from within the company. On average, it takes executives take about 16 years to be appointed as Chief Executive Officers. On the other hand, executives with experience at various companies who are appointed as CEO’s are capable of bringing a new prospective that allows them to harness what they have learned along the way from the various companies they have managed (Sanders, 2011, p. 2). Although CEO’s are appointed from ranging backgrounds, a degree is important to land a job as an executive to begin ones step toward becoming a