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Details for Chief Executives


Description

Determine and formulate policies and provide the overall direction of companies or private and public sector organizations within the guidelines set up by a board of directors or similar governing body. Plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers.

Tasks

  • Direct and coordinate an organization's financial and budget activities in order to fund operations, maximize investments, and increase efficiency.
  • Confer with board members, organization officials, and staff members to discuss issues, coordinate activities, and resolve problems.
  • Analyze operations to evaluate performance of a company and its staff in meeting objectives, and to determine areas of potential cost reduction, program improvement, or policy change.
  • Direct, plan, and implement policies, objectives, and activities of organizations or businesses in order to ensure continuing operations, to maximize returns on investments, and to increase productivity.
  • Prepare budgets for approval, including those for funding and implementation of programs.
  • Direct and coordinate activities of businesses or departments concerned with production, pricing, sales, and/or distribution of products.
  • Negotiate or approve contracts and agreements with suppliers, distributors, federal and state agencies, and other organizational entities.
  • Review reports submitted by staff members in order to recommend approval or to suggest changes.
  • Appoint department heads or managers, and assign or delegate responsibilities to them.
  • Direct human resources activities, including the approval of human resource plans and activities, the selection of directors and other high-level staff, and establishment and organization of major departments.
  • Preside over or serve on boards of directors, management committees, or other governing boards.
  • Prepare and present reports concerning activities, expenses, budgets, government statutes and rulings, and other items affecting businesses or program services.
  • Establish departmental responsibilities, and coordinate functions among departments and sites.
  • Implement corrective action plans to solve organizational or departmental problems.
  • Coordinate the development and implementation of budgetary control systems, recordkeeping systems, and other administrative control processes.
  • Direct non-merchandising departments such as advertising, purchasing, credit, and accounting.
  • Deliver speeches, write articles, and present information at meetings or conventions in order to promote services, exchange ideas, and accomplish objectives.
  • Serve as liaisons between organizations, shareholders, and outside organizations.
  • Review and analyze legislation, laws, and public policy, and recommend changes to promote and support interests of both the general population and special groups.
  • Nominate citizens to boards and commissions.
  • Interpret and explain policies, rules, regulations, and laws to organizations, government and corporate officials, and individuals.
  • Make presentations to legislative and other government committees regarding policies, programs, or budgets.
  • Refer major policy matters to elected representatives for final decisions.
  • Administer programs for selection of sites, construction of buildings, and provision of equipment and supplies.
  • Direct and coordinate activities of businesses involved with buying and selling investment products and financial services.
  • Direct and conduct studies and research on issues affecting areas of responsibility.
  • Attend and participate in meetings of municipal councils and council committees.
  • Organize and approve promotional campaigns.
  • Conduct or direct investigations or hearings to resolve complaints and violations of laws, or testify at such hearings.
  • Represent organizations and promote their objectives at official functions, or delegate representatives to do so.
  • Prepare bylaws approved by elected officials, and ensure that bylaws are enforced.
  • Direct and coordinate activities between the United States Government and foreign entities in order to provide information and promote international interests and harmony.

Interests

  • Social - Social occupations frequently involve working with, communicating with, and teaching people. These occupations often involve helping or providing service to others.
  • Enterprising - Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
  • Conventional - Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.

Education, Training, Experience

  • Education - Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).
  • Training - Employees may need some on-the-job training, but most of these occupations assume that the person will already have the required skills, knowledge, work-related experience, and/or training.
  • Experience - Extensive skill, knowledge, and experience are needed for these occupations. Many require more than five years of experience. For example, surgeons must complete four years of college and an additional five to seven years of specialized medical training to be able to do their job.

Knowledge

  • Communications and Media - Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
  • Clerical - Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
  • Public Safety and Security - Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
  • Psychology - Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Personnel and Human Resources - Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

Skills

  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
  • Speaking - Talking to others to convey information effectively.
  • Mathematics - Using mathematics to solve problems.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
  • Learning Strategies - Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
  • Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
  • Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
  • Coordination - Adjusting actions in relation to others' actions.
  • Persuasion - Persuading others to change their minds or behavior.
  • Negotiation - Bringing others together and trying to reconcile differences.
  • Instructing - Teaching others how to do something.
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • Operations Analysis - Analyzing needs and product requirements to create a design.
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
  • Systems Analysis - Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
  • Systems Evaluation - Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
  • Time Management - Managing one's own time and the time of others.
  • Management of Financial Resources - Determining how money will be spent to get the work done, and accounting for these expenditures.
  • Management of Material Resources - Obtaining and seeing to the appropriate use of equipment, facilities, and materials needed to do certain work.
  • Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job.

Related Careers

  • Education Administrators, Postsecondary
  • Food Service Managers
  • Human Resources Managers
  • Industrial Production Managers
  • Marketing Managers
  • Natural Sciences Managers
  • Postmasters and Mail Superintendents
  • Purchasing Managers
  • Storage and Distribution Managers
  • Treasurers and Controllers
Wages for this career
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