Chief Executive Officer
What's it like to be a Chief Executive Officer?
A Chief Executive Officer (Tumu Matua), or CEO, is the managing director of a company and makes big decisions about how a company runs. Chief Executive Officers will usually work with a skilled and experienced management team and other executives, but ultimately, they are responsible for the final decision. Organisations and companies in a wide range of industries need Chief Executive Officers so the day-to-day experience of the job will differ. In general, Chief Executive Officers will need management skills, including financial, communication and inter-personal skills.
Tasks and duties
- Communicating, on behalf of the company, with shareholders, government entities, the public and the media.
- Creating and implementing the company’s vision and mission.
- Developing and implementing business and strategic plans and budgets.
- Evaluating the work of other executive leaders within the company.
- Maintaining awareness of the competitive market landscape, expansion opportunities and industry developments.
- Assessing risks to the company and ensuring they are monitored and minimised.
- Reporting through to the Board of Directors with accurate and timely information regarding the organisation’s overall performance, including financials, risk ratings, compliance and growth prospects.
How to become a Chief Executive Officer
Chief Executive Officers usually have years of managerial experience in the relevant industry.
- 1.
Complete a three-year bachelor degree in a relevant field, such as business.
- 2.
Consider completing a relevant postgraduate qualification to enhance your managerial knowledge and skills, such as a Master of Business Administration (MBA). Advanced qualifications can help prepare you for work in the private or public sector.
- 3.
Gain several years of work experience and work your way up through a company or industry. Chief Executive Officer is a senior management role so you will need to gain extensive experience.