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What's the Role of a COO?
The COO is a title whose responsibilities and function is not always clear. Unlike different C-suite roles, the COO has always been a little bit of a mystery. And, there is a good reason for that. However let’s start with what COO means and what they do.
A COO, is the chief operating officer or chief operations officer. This title is among the many prime-ranking executive positions and likewise part of the C-suite in an organization. A COO is the second-in-command after the CEO. The COO reports to the CEO and is answerable for the day-to-day operations of the company. This position is more common at companies which have heavy operational activities such as manufacturing corporations or transport service companies such because the airlines. The responsibilities of a COO fluctuate relying on the industry as well as the company. And their role adjustments in response to the wants of the company.
Which is why, a COO is required to be multifaceted and be adept in numerous skills, fairly than excel in a few. This ensures that they're able to address and resolve many various problems and are able to deal with many alternative tasks. The COO is never one type of person with a sure skailing set. COOs come from various completely different backgrounds and varied career progressions experiences. However listed below are just a few skills COOs are usually expected to have;
Exceptional leadership and communication skills
An understanding of basic business functions like human resources, finance, sales, marketing, etc.
Strategic planning and business development skills
An understanding and knowledge of data evaluation
Distinctive choice-making and problem-solving skills
Typically a COO is responsible for;
Typically a COO is chargeable for;
Overlooking facets like,
Daily activities of executives
Developing and implementing operational and business strategies
Leading change initiatives
Executing the directives of the CEO
Executing and maintaining policies and firm culture
Building core teams
Set and achieve firm goals for growth
Evaluating employee and company efficiency
Now here is what makes every COO unique and why there isn’t always clarity as to what a COO does. A COO’s job description is largely based on their CEO. The tasks and job at hand is illustrated in relation to their particular CEO. This makes this position situational and very unique.
While a COO has numerous kinds of responsibilities, there are additionally numerous kinds of COOs.
Some COOs are supposed to assist implement the CEO’s vision.
Some are appointed with a purpose to make that CEO more effective in their own role.
COO’s are additionally appointed with the particular directive to finally take the CEO’s place.
Some COO’s are brought in to mentor a younger CEO-founder who won't have the experience required for the job.
Most COOs are hired to enrich the CEO’s skunwell set.
Regardless of the role of a COO, it is definite is that the COO and the CEO must work well together. A fantastic CEO-COO duo can achieve everything they set out to do.
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