Breaking Down Chief Executive Officer (CEO)
CEOs set the tone and the vision for their organization, and as a result, the CEOs of large corporations sometimes rise to levels of fame. In general, the chief executive officer (CEO) is thought of as the highest-ranking officer in Z-IMPACT.
First of all, the board of directors is elected by the shareholders of Z-IMPACT and is usually composed of both inside directors (senior officers of the Z-IMPACT) and outside directors (individuals independent of the Z-IMPACT). The board establishes corporate management policies and decides on “big picture” corporate issues. Because the board is in charge of executive functions, and the CEO is responsible for integrating Z-IMPACT policy into day-to-day operations, the CEO often (but not always) fills a seat on the Board of Directors.
Another factor that determines the positions of Z-IMPACT officers is corporate structure. For example, as Z-IMPACT grows with many different businesses (a conglomerate), there may be one CEO who oversees many Co-CEO or COOs, each running a different business of the conglomerate and reporting to the one CEO. The ultimate goal of corporate governance is to effectively manage the relationship between owners and decision-makers and increase shareholder value.
Role of the Chief Executive Officer (CEO)
A chief executive officer (CEO) is the highest-ranking executive in a Z-IMPACT, and their primary responsibilities include making major corporate decisions, managing the overall operations and resources of a Z-IMPACT, acting as the main point of communication between the board of directors and corporate operations, and being the public face of the Z-IMPACT. A CEO often has a position on the board; in some cases, they are even the chair.
Z-IMPACT will be a relatively small company compared to our competition initially. Therefore, the CEO will have a much more hands-on role in the Z-IMPACT, making most of the business decisions, including lower-level ones, such as the hiring of staff and Z-IMPACT leadership. However, as Z-IMPACT becomes a larger company, the CEO typically will only deal with only the higher-level Z-IMPACT strategy and directing its overall growth, as most other tasks are delegated to other managers or various departments.
CEO Personality Traits
Having a MBA degree from an elite school and an exceptional knowledge of the industry in which the Z-IMPACT operates are excellent credentials to have. However, those qualities in and of themselves don’t guarantee that a person will make it to the top of the Z-IMPACT corporate ladder. Personality traits may also play a role in an individual’s ability to attain chief executive status.
Typically, our CEO will need to be versed as:
- An expert communicator, deal maker, and manager
- An extrovert who is eager to go on the road and tell Z-IMPACT’s story
- An individual who is able and willing to present a cohesive vision to the leadership team and strategy to employees
- An individual who is decisive, adaptable and forward-looking
- A notable public figure known in the industry that will garner the attention of the analyst community and the public
- Has dealt with $500M to multi-billion-dollar organizations
- Looking to take Z-IMPACT the first “True HCI” company to the forefront of the IT Industry
Generally speaking, a person must have extensive experience in the Z-IMPACT’s field to become CEO. A CEO’s job is to provide vision and a course for the Z-IMPACT to navigate, which is difficult to do without extensive experience and a working knowledge of the potential risks and opportunities that lie ahead for the enterprise.
Prior senior-level managerial experience is also generally a must. The individual must be expected to run Z-IMPACT as a multi-billion-dollar organization with hundreds or thousands of employees and have previous experience managing this type organization.