Study: My Understanding of Businesses

The Role of The Chief Executive Officer

Trading goods and services for money could be referred to as a business. Every business requires enough customers and some form of investment to which its output can be sold on a consistent basis to make a profit. 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 attained a honors degree in economics from Yale in 1993 and later worked through to become a CEO and own several companies. He founded Eli Magazine while a freshman at Yale and without aid he skyrocketed the company to 5 million dollars in revenue. The entrepreneurial journey of Greg Lindberg is long but full of success. In the course of establishing his businesses, Greg Lindberg was able to acquire new skills and competencies. 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). In general, everyone knows that the CEO is the boss, but few may know what the job entails on a day-to-day basis. In truth, Greg Lindberg says, the role will differ depending on the size of the business, the personality of the CEO, and the type of industry the business is in.

Being skilled and experienced at the job one is intended to head is an important element. A business organization is usually headed by a 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. In the case of an agency the Chief executive officer is supposed to report to the governor or the president. If the CEO is also the founder and owner of the company, there may not be a reporting body at all. Whether the CEO reports to a Board of Directors or not, his or her job will be to subdivided and directed to other executive leaders.

All the activities that require the business to be represented are always attended by the chief executive officers. Starting a business before beginning tertiary education could be a good idea. To find a job that one loves it’s important that they follow their passion.