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. to make a profit, every business requires some form of investments and customers in which its output will be sold on a constant basis. Businesses can be privately owned, non-profit or state-owned.

One of the questions that pop up in the minds of most adults and children is “What do you want to be when you grow up?” 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. He started out in sales, marketing and changed his profession to an assistant director in the non-profit sector and later becoming a CEO of a regional telecommunications company. In the course of establishing his businesses, Greg Lindberg was able to acquire new skills and competencies. To be a great chief executive officer he is could be attributed to his excellent communication and listening skills. 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.

There are some common aspects of the job that most CEOs will have to deal with to be successful. The leading person in a business organization is the chief executive officer. The business organization blueprint is usually implemented by the chief executive officer. CEO will report to a Board of Directors or another governing board or group of officials who will judge his or her performance and determine whether or not any adjustments in pay and benefits are warranted. For government agencies, the CEO would be the head of the agency and report directly to the governor, President, etc. Where the business organization is owned and run by the chief executive officer there might lack oversight or it might be weak. The goal of any CEO will be to create goals and a strategic initiative for the organization and oversee the progress of those goals.

He or she may participate in civic and professional association events representing the organization, and he or she may also engage with the media to respond to organizational and industry news. Starting a business before beginning tertiary education could be a good idea. Passion is the greatest driver of businesses and many other ventures.

Another Source: http://greglindberginfo.com/