The COO is the right-hand man of the CEO and handles all operations of the company.
The CEO is the first in command and is responsible for the company management. For a COO, he is answerable to the CEO and team managers. The CEO is answerable to the board members who have elected him to the position. The COO is more of a bridge between the company members and the CEO. The CEO is the bridge between the public and the company. The COO handles all the company’s internal affairs and is appointed when there is a complex process. The CEO handles the value appropriation of the company, manages revenue, stock price, market capitalization, and more. The COO handles the profits, losses, allocation of tasks, customer satisfaction, and ensures efficiency. The CEO handles the company’s management in all corporate decisions and enterprise meetings. The CEO leads the workforce and handles all the resources, while the COO is the second in command. The CEO is the captain of the ship and is the topmost C-suite executive. The COO takes care of all the administrative and operational aspects of the company and reports to the CEO. The major difference between a CEO and a COO is in the hierarchy of the position. Manage the marketing, expansion, messaging, and product roadmaps.Present and optimize business goals and results.Be the face of the company in press events, interactions, conferences, and more.Implement decisions that will further the goals of the company.Choose what will strengthen the company.Creating the code for the company culture.The face of the organization, the CEO, is the one who needs to take responsibility for all the success or failure of the company. The CEO is the corporate leader who leads the company in terms of all major decisions, formulates long-term decisions, manages financial resources, business activities, and is the ultimate communicator between teams. The CEO is responsible for all the strategies and processes. The Chief Executive Officer or the CEO is the top C-suite executive who the board members choose to manage all the activities of the company. The responsibilities of a COO are for streamlining the operations and policies of the organization. The COO is the Chief Operating Officer is responsible for all operations and functions of the company. Considered to be a top authority in the company, the CEO is responsible for the decision-making to a huge extent. The CEO or the Chief Executive Officer is a top leader in the company who plans the vision, goals, standards, and processes of the company. Two of the most important top executives are the CEO and COO.
Every C-Suite executive has a unique skill set they will utilize in the organization.
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