The Role Of A Chief Executive Officer

In Energetics meets Generex negotiation, I was acting as a Chief Operating Officer (COO) for Energetics Corporation and my opponent and my classmate Chace Eskam was acting as a COO of Generex Corporation. In this deal, as a COO I was supposed to sell the Wind energy division of the Energetics to Generex. Energetics Corporation was in desperate need of cash due to bankruptcy. Another hurdle was that I could not sell three different locations of Wind plants individually. My company needed cash within three months with no additional terms added to this deal. My another best alternative was to sell all the assets of Wind Energy division to generate some cash if deal with Generex fails in this negotiation. Our negotiation went on for 15-20 minutes during class time and deal was set in $247 millions. My opponent Chace was very tough in this negotiation to deal. He was very prepared with facts and numbers before he came to the table. My opponent asked me lot questions such as the depreciation of the property, equipment’s life, taxes etc. After having lot of discussion we ultimately came to the conclusion that Generex will pay Energetics $247 million right away in cash to purchase Wind Energy division from Energetics.

Although leader and executive are not synonyms for much of my professional career, albeit a short six years, those who held the title of executive, often held the more informal, but just as coveted title of leader in my mind. A manager led his or her team to whatever the company dictates as success, of not they were promptly let go and for those that flourished they moved on and sometimes took their best employees with them. It would take some time for me to realize that those who were allowed to make important decisions because of their status were not always the people who would lead the charge when change was on the horizon, or push back when the decision at hand was not deemed in the best interest of the organization, its employees, or

CEO: Serve as the team leader and final decision maker for the company. The CEO is the face of the organization and will be the primary voice for any public statements made.

449). Secondly, the Chief Executive Officer is an organizational leader following standards of conducts that refer “the officer reasonably believes to be in the corporation’s best interest” (Thompson, 2008, p. 17). A strong leader can only lead when that leader knows what direction they are going. For example, one activity for distributing from centralized leadership is “a structural layer that forms the overall frame and direction for knowledge creation in the organization”; therefore, knowledge of proper management skills is important (Jain & Jeppesen, 2013, p. 349). To overcome a leaderless organization an employee or manager can take initiative by setting department goals that include a mission and a vision. Then, strategically formulate organizational goals that support the corporation’s best interests. All in all, an organizations department management team can create a strategic management process per department that supports the organizations best interest.

In my tenure as a manager there have been at least a dozen different Chief Executive Officers (CEOs). One of

Chief executive develops strategies and help in the decision making process for their corporations. They also promote overall growth of the corporations. This

Leaders influence the way organizations conduct their day-to-day business. Apple Inc. has enjoyed its success for several years under the leadership of Steve Jobs and Tim Cook. Steve jobs, was a visionary, Apple Inc. chairman and co-founder, and a “creative genius” (Kane & Fowler, 2011). He was a Charismatic leader with characteristics of a transformational leader; he pushed his team to the limits (Langton, & Robbins, 2010). Tim Cook is the current chief executive officer at Apple Inc., he took over in 2011 after Steve Jobs (Tim, 2015). Key differences between the two CEO’s leadership style can be easily noted.

A leader has been defined as someone who can influence individuals to do things that accomplish a common goal. It is described as a “person or thing that leads” or “a guiding or directing head” (Yukl, 2010). One of the main definitions of leadership is the process of influencing others to understand and agree about what needs to be done and how to do it. The Executive Director of Community College Initiatives has shown to have these qualities. Heading up a new department while working with limitations and still getting task accomplished shows strong leadership and management skills. While leadership deals with the process of influencing the activities of an organized group toward a goal or achievement, Managers deal with the stability and order on how to run things (Rauch, 1981). While manager’s deal with stability and order on how to run things efficiently, leaders look at the big picture. Effective leaders have good managers working for them. One can be a good manager but not an effective leader or someone can be a good leader but cannot manage well. Leaders and managers take two different paths to reach a common goal for an organization. Leadership and management are qualitatively different and mutually exclusive (Bennis, 1985). By creating a team of capable managers proves that she has good leadership qualities.

Certain MBA courses will help candidates excel in their future positions. These will include classes in human resource management that teach students how to successfully deal with staffing, new employee training, existing employee development and compensation and benefits. It also covers legal union issues, cross-culture challenges and safety and health policies. Students will take classes in managerial health care economics and learn about economic optimization, demand estimation cost and pricing analysis. There will also be courses on community health evaluations and federal and state health policy

As a Managerial Economics major at Union College, I have received a well-rounded education while being able to pursue many challenging business courses in Economics and Finance. These topics have always been my strongest areas of interest and my goal is to obtain an MBA degree which I believe would greatly enhance my future.

Why do Chief Executive Officers (CEO) worry so much about a stakeholder, whom they are not directly responsible for at all? Businesses are trying to please everyone, though they are already responsible to employees, Board of Directors, and company shareholders. CEOs are trying to appease interest groups and other outside stakeholders when considering the company’s business deals. Some organizations have been successful with corporate social responsibility (CSR), while others have failed. To what degree should the federal government be involved with CSR? Companies create jobs; keep unemployment rates low, and invest in their communities purchasing from local vendors, however, stakeholders and local governments do not feel these acts are not enough to meet their social responsibility. By mandating companies invest in corporate social responsibility causes conflict between shareholders and stakeholders. Companies must be accountable when their actions adversely affect society. While shareholders provide investment funding to corporations, according to Robert C. Hinkley (2002) corporations cannot make profit at the expense of human rights, the environment, public safety, or employee dignity. By creating a balance between investor responsibility and social responsibility will prove profitable for the corporations and stakeholders.

In order to be successful in the long range, the CEO's strategy must encompass countless factors. He must devise a plan to grow the business in the face of competitors, not only from within the United States but from any and every region of today's global economy. The CEO calls the plays for a team of tens (and sometimes hundreds) of thousands of workers. All of the actions of every employee and every aspect of the business must be coordinated and integrated to produce the cars, computers or CAT scanners that yield profits to the company. It is the CEO who is responsible for that integration.

GC3 was established with the purchase of fourteen Coffee Hut stores in Columbus, OH, by three former Coffee Hut associates. Over the next few years, GC3 expanded into Cincinnati and Cleveland, but have kept Columbus as their regional headquarters. Moving forward, GC3 grew with the purchase of Great Scoops and DaDeli. Due to this extreme growth, and the need for centralized decision making, most of GC3 staff will reside at the company’s headquarters, aside from store managers and administrative staff.

For somebody who plans on being a CEO one day, knows a CEO, or is wondering what the wages of a CEO are, would be surprised to find out that the average pay of CEOs is $16,316,000. This number is so high because of the numerous tasks that CEOs perform. The job description of a CEO means meeting the needs of employees, customers, investors, communities, and the law. (Lafley, 2009) After I read an article from the former CEO of Procter and Gamble, I understand why CEOs are stressed and face so many difficulties everyday. Paying CEOs a large salary is understandable to a point, however, paying them an average of $16,316,000 is way to high. Should CEOs be paid large salaries because they are stressed constantly and are always on call? Two men,

The job of the CEO, everyone knows, is to make decisions. And most of them do— countless times in the course of their tenures. But if those decisions are to have an