What is CEO, his functions & salary

We all have heard this name, know a little about it but actually do not know, who is a CEO? Every day we hear names in the news that the CEO of the company bought this new company yesterday, some employees have been fired, some CEO has launched his IPO, etc.

But today you will get answers to all your questions related to CEO, what is the meaning of CEO?, CEO's work?, CEO's salary?, India's top CEO's and finally we will talk about, if you want to become one. So how do you become a CEO?

What does CEO mean? :-

CEO – Chief Executive Officer is also called CEO – Central Executive Officer, CAO – Chief Administrator Officer, or just CE – Chief Executive.

A Chief Executive Officer is the top executive of the company and below him come all the employees who follow the instructions of the CEO. The main responsibilities of the chief executive officer are to take major strategic decisions of that organization and operate it properly, manage all types of tasks and resources in the organization, make plans to make the company big and profitable, etc. . Only the CEO is responsible for the success or failure of the business, that is why the chief executive officer of the company remains most in the news and among the public.

We consider the CEO as the owner of the company but this does not apply to all companies. In some companies the CEO is the owner but in some companies the Chief Executive Officer is appointed by the board of directors.

Functions of CEO :-

If we talk about the functions of the chief executive officer (CEO), then the role of the CEO can be different in every company, according to the size of that company, according to the culture, according to its structure.

If it is a big company or organization, then the Chief Executive Officer is required to fulfill the goals, objectives and strategic objectives set by the board of directors. With him at the center, the CEO makes high-level and important strategic decisions that direct the overall work and growth of the organization. But in smaller organizations the chief executive officer has to manage all kinds of day-to-day operations as well. In small organizations, there are not many boards of directors; there the CEO does everything as per his wish.

The Chief Administrative Officer has to present reports on the status of all the work going on in the business to the board of directors of that business. It involves motivating and motivating employees, dealing with all the changes that occur in organizations, and taking responsibility for the tasks that occur throughout the day.

Central executive officer (CEO) is the person who is responsible for all the work happening in the business and the decisions taken towards it. Functional areas of business – Finance, marketing, business development, Operations, Human Resource, etc.

Salary of CEO :-

If we talk about the salary of the chief executive officer, then we cannot say with certainty that the salary of the CEO will be the same. For example, if there is a laborer, no one can tell what the salary of the laborer is, it depends on the work of that laborer and the place where the laborer will work. Similarly, CEO is also a kind of employee and he also has a fixed salary like an employee.

If the organization is big and its annual income is high, then the salary of the CEO will be higher. If we estimate the salary of Indian CEOs and talk about the average, then it can range from Rs 30 lakh to Rs 80 lakh per year. Some CEO's have even more than this.

How to become CEO :-

Many people may be dreaming of becoming a CEO after seeing the above CEO salaries. And they might also be feeling that becoming a CEO would be very difficult. If we look at it from one perspective, it is difficult to become a chief executive officer, but if we look at it from another perspective, it is not that difficult. If you are determined, anything can happen.

So if we want to become a CEO then we can do so in two ways. One way is to join a business created by someone else or start your own business.

First of all, if you want to become a CEO then it is very important for you to take a degree in business administration. That's why you can do MBA, after that while doing internship you can make good connections in different companies which increases your chances of getting a job in a good company. After that, if you get a good post in a company, then you will be asked to work hard there, then if you become a good employee and your performance is liked by the board of directors of that company, then you will be made the CEO and then you will become the central You will become an executive officer.

You are finding the first method difficult and if now you want to become a CEO in the second way, thinking that it is not that difficult but you are wrong because starting your own business is like taking care of a child and raising it, but you Can do. For this you just have to have knowledge of business, how the business is run, how the product is made, how its marketing and cash flow is managed, etc. By learning everything, you can start and expand your business. Then you will become the owner and chief executive officer (CEO) of your own business.

Conclusion :-

(CEO full form) We know CEO – Chief Executive Officer by many names. Like: CEO – Central Executive Officer, CAO – Chief Administrator Officer, CE – Chief Executive.

(What is the meaning of CEO) CEO is the highest official in the company who is responsible for all the work done in the company, its success or failure. The CEO has to prepare reports about his work and everything going on in the business and show it to the boards of directors.

(CEO salary) The CEO salary is different in every company, depending on the size and turnover of that company. We learned about the top CEO's of India and the world and also learned about their annual salary.

(How to become CEO) And finally we learned that, if we want to become a CEO ourselves then what we have to do, how we can also become a CEO. With this the article ended, how did you like this article, you can tell us in the comment box and if you have any questions or want to say something to us, then you can also tell us in the comments.

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Previous Blog :-

https://www.bulbapp.io/p/8ced64bc-8df4-4885-b90e-8b94cbe7eabe/the-dynamics-of-market-economy-a-comprehensive-overview