Management Team In Business Operations
The management team in our business includes the Chief Financial Officer, the Sales Manager, the Marketing Director, the Human Resources Director, the Chief Technology Officer, and the Chief Executive Officer. The Chief Financial Officer is the one responsible for the budget and the accounting systems of the business. A growing company needs a CFO in its management team because the cash position and assets of the company have to be monitored and husbanded properly. In addition, there are many financial reports required by stockholders, stakeholders and various agencies of the government. The Sales Manager is very important in the operations of the company as the success and profitability of a
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A CTO or Chief Technology officer is now an essential part of the management team, as effective presentations and reporting are now reliant on modern technology. A company’s web presence and social media presence is also an essential factor in a company’s growth and success in this age of modern technology. Maintaining customer data, personnel data, and product specifications is also dependent on technology. The Chief Executive Officer or CEO charts the business’ strategic vision and sets the milestone towards the company goals. His effective leadership is responsible for the positive results produced by the rest of the team. He recognizes the strengths and weaknesses of the team members and is able to draw on individual strengths to constitute a strong team.
The team concept, group dynamics, and the strengths and weaknesses of business teams The concept of the team is for people of different expertise to interact, share their individual expertise, and collaborate for the success of the business enterprise. The dynamics of the group are the unseen forces existing in a team which can greatly influence the way the team will behave, react to situations or perform. Some of the factors that can influence team dynamics include individual personalities of the members of the team, the team operation, the way the team view itself, and the organization of the team.
The Chief Executive Officer is responsible for the development of the budget, goals, objectives, policies, procedures, performance and the strategic plan. The CEO presents this information at the quarterly meeting for review and approval by The Board of Directors. The CEO is also responsible for negotiating and executing all contracts and agreements between Crossroads and the property owners, payers, and referral sources (Policy & Procedures Binder 1, 2013).
CEO: Serve as the team leader and final decision maker for the company. The CEO is the face of the organization and will be the primary voice for any public statements made.
Team – a small number of people (ideally six to ten individuals) whose members share a common purpose, hold themselves individually and collectively responsible for goals, and have complementary skills and agreed-on processes for working together.
The Chief Executive Officer is the senior manager who is responsible for overseeing the activities of an entire company. The CEO usually also holds a position on the board of directors, or also holds the title of president. All CEO's of publicly traded companies have a base salary of at least one million dollars. Plus they receive bonuses for their performance each year. A CEO flourishes when the company is doing well and should take a hit when the company is going down hill. These CEO's hold a large portion of the stock and that is why we have started seeing corporate scandals come about after the market has gone down. Employees of these companies receive stock options that are either put toward their retirement plan or taken from their salary (Swedberg). Corporate scandals have started to occur because of public companies and their greed for more capital by deceit and conflicts of interest.
The CFO or chief financial officer oversees three directors: a human resource director, senior director or controller, director of accounting, and all receptions. He or she is basically over day to day operations on the business side of the business; handling finical problems paying bills and overseeing the employees of the company. Another depart that helps and is on the same operational side of the franchise is the Operations and Information department. Which is ran by a vice president, that oversees; technology, operations, risk management, and has a staff accountant.
Chief Information Officer (CIO): Role of Chief information officer is to provide leadership and vision for developing and implementing IT initiatives that align with focused mission. CIO is responsible for all aspects of information technology and systems of a company focus. CIOs can be represented as full-fledged members of senior executive team. CIO proposes budget for projects, purchases and equipment upgrade, monitors computer specialists and IT workers and manage IT-related projects. The CIO directs the planning and implementing sections of enterprise IT system in support of FOCUS operations to improve service quality, cost effectiveness, and mission development.
The Chief Operations Officer (COO) and the Chief Executive Officer (CEO) are the responsible individuals, which must make the appropriate decisions in order to protect the company’s wealth. As the COO, responsibilities include supervision of the three different product lines that
Chief Executive Officer – The goal of any project within an organization is to meet the expectations of the CEO. Often times the CEO has representatives to speak on his/her behalf; however, his/her opinion should be held in the highest regard, as the funds for the project often requires their approval.
To fully discuss this topic, we must start with a simple definition of a team. Jon Katzenbach and Douglas Smith define a team in their best-selling book The Wisdom of Teams (Harper Business Essentials 1994), as
By definition, team dynamics are the unconscious, psychological forces that influence the direction of a team’s behavior and performance (Myers, 2013). Team dynamics are crucial when working on a project because each team member is dependent on each other in order to be successful. I believe our team dynamics were positive from the beginning since we all understood the task at hand and knew it would take a lot of work to get it done. Each team member was able to express their thoughts, ideas, and opinions without any interruptions or judgement, which provided an at ease work environment. Due to the fact that I had plans to go out of town before this project was assigned, I felt responsible for making sure our project had a detailed and solid outline before I left, along with my portion of the research completed. The team
The CEO’s leadership role also entails being ultimately responsible for all day-to-day management decisions and for implementing the Company’s long and short term plans. The CEO acts as a direct liaison between the Board and management of the Company and communicates to the Board on behalf of management. The CEO also communicates on behalf of the Company to shareholders, employees, Government authorities, other stakeholders and the public.
Like most multinational corporations, the shareholders own the company and they may also be the board of directors. A Chief Executive Officer (CEO) will be appointed to nominate and manage the operation of the company as a whole. A Chief Operating Officer (COO) will be managing the company’s day-to-day operations and reports them to CEO. The Chief Financial Officer (CFO) will be managing the finance and account together with the
The COO is responsible for the delivery of the CEO’s vision to various departments in actionable steps.
First and foremost, it is important to know exactly what a CFO does and how he or she goes about doing it. The chief financial officer position is accountable for the administrative, financial, and
The primary responsibility of a sales manager is to direct the sales team. A sales manager serves as a guiding hand for the sales team; outlining staff training programs, developing strategies, and pushing team members to reach short-term and long-term goals (“Sales Manager” U.S. News). To be a successful sales manager, you’re going to need basic leadership skills. Good communication skills, an open-mind, creativity and determination, are just a few of the important skills necessary when it comes to managing your team. The role of a sales manager requires more than just knowing how to supervise, you need to be able to brainstorm ideas and grow with an ever-changing market.