The Significance of The CEO
An Activity for the Exchange of goods and services for money can be referred to as a business. to make a profit, every business requires some form of investments and customers in which its output will be sold on a constant basis. Businesses are of diverse nature and origin for we have state-owned companies, privately owned businesses, and multinational businesses.
“What do you want to be when you grow up?” this is one of the questions that pop-up in most children and adults most of the adults find themselves unmotivated and hate their jobs while others find themselves engaged. Greg Lindberg, is an American business executive who owns several companies and a graduate of Yale University where he earned an honorary Degree in Economics in 1993. He founded Eli Magazine while a freshman at Yale and without aid he skyrocketed the company to 5 million dollars in revenue. The CEO of a regional telecommunications company, never thought he would become a CEO as he started out in humble beginnings in sales than marketing and changed profession to non-profit sectors as an assistant director. Throughout his hustles, he gained new experiences and learned new skills. Listening is one of the attributes he learned that molded him to be a CEO. Their investment size ranges from $1 to $20 million for healthcare & financial sectors, $1 to $40 million for industries & services, marketing & sales and less than $200 million for insurance (revenues under $100 million). They acquire majority stake and provides financing for buyout, growth capital, and corporate divestiture transactions.
To excel in chief executive post one has to be good at all the aspects of the whole job or organization. The leading person in a business organization is the chief executive officer. His or her main initiative is to develop and implement a strategic plan for the organization and ensure that the plan is being integrated into the organization’s operations. The work of the CEO is usually checked by the board of directors. For government agencies, the CEO would be the head of the agency and report directly to the governor, President, etc. If the CEO is also the founder and owner of the company, there may not be a reporting body at all. The goal of any CEO will be to create goals and a strategic initiative for the organization and oversee the progress of those goals.
He or she may participate in civic and professional association events representing the organization, and he or she may also engage with the media to respond to organizational and industry news. People who did not attend university or college and who went straight into job market, and a found one they love, they are the lucky ones. To find a job that one loves it’s important that they follow their passion.