Executive Titles Roundup
I just spend a few minutes browsing on Wikipedia looking at the different definitions for an Entrepreneur and the most popular Executive titles. So here is the roundup:
Entrepreneur is a person who has possession of an enterprise, or venture, and assumes significant accountability for the inherent risks and the outcome. It is an ambitious leader who combines land, labor, and capital to often create and market new goods or services
Chairman of the Board – presiding officer of the corporate Board of Directors. The Chairman influences the board of directors, which in turn elects and removes the officers of a corporation and oversees the human, financial, environmental and technical operations of a corporation.
The Chief Executive Officer (CEO) presides over the executive board and the chairman presides over the supervisory board, and different people often hold these two roles. This ensures a distinction between management by the executive board and governance by the supervisory board. This allows for clear lines of authority.
The President is legally recognized highest “titled” corporate officer outside of the CEO (who ranks highest). The President works directly for the Board of Directors and usually a member of the Board of Directors. There is much variation; often the CEO also holds the title of President, while a Chairman and CEO’s deputy is often the President and COO. The President is often more focused upon daily operations compared to the CEO, which is supposed to be the visionary.
The chief financial officer (CFO) is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record keeping, as well as financial reporting to higher management.
The chief information officer (CIO) is a job title for the board-level head of information technology within an organization. The CIO typically reports to the chief operations officer or the chief executive officer. The prominence of the CIO position has risen greatly as information technology has become a more important part of business. In some organizations, the CIO may be a member of the executive board of the organization.
A chief technology officer (CTO) is an executive position whose holder is focused on scientific and technical issues within an organization. Essentially, a CTO is responsible for the transformation of capital – be it monetary, intellectual, or political – into technology in furtherance of the company’s objectives.
A chief Strategy Officer (CSO) is an executive who is responsible for assisting the chief executive officer with creating, communicating, executing, and sustaining strategic initiatives within a corporation. A typical CSO is not a pure strategist that creates long-term planning that is isolated from the corporation’s current initiatives. Chief Strategy Officers are normally executives who have worn many hats before at a corporation before taking on the responsibilities and tasks that come with the job title.
A chief operating officer or chief operations officer (COO) is a corporate officer responsible for managing the day-to-day activities of the corporation and for operations management (OM). The COO is one of the highest-ranking members of an organization’s senior management, monitoring the daily operations of the company and reporting to the board of directors and the top executive officer, usually the chief executive officer (CEO). The COO is usually an executive or senior officer.
The chief Marketing Officer (CMO) is a corporate title referring to an executive responsible for various marketing in an organization. Most often the position reports to the chief executive officer. With primary or shared responsibility for areas such as sales management, product development, distribution channel management, public relations, marketing communications (including advertising and promotions), pricing, market research, and customer service, CMOs are faced with a diverse range of specialized disciplines in which they are forced to be knowledgeable. This challenge is compounded by the fact that the day-to-day activities of these functions, which range from the highly analytical (eg. – pricing and market research) to highly creative (advertising and promotions), are carried out by subordinates possessing learning and cognitive styles to which the CMO must adapt his or her own leadership style.
Vice President – Middle or upper manager in a corporation. Depending on the corporate structure Vice Presidents report to the President, who will in turn report to the Chief Officer of their respective division, who will then report to the CEO. They often appear in various hierarchical layers such as Executive Vice President, Senior Vice President, Associate Vice President, or Assistant Vice President, with EVP usually considered the highest. Many times, corporate officers such as the CFO, COO, CIO, CTO, Secretary, or Treasurer will concurrently hold Vice President titles, commonly EVP or SVP. Vice Presidents in small companies are also referred to as chiefs of a certain division, such as VP of Finance, or VP of Administration. These titles are the same as CFO and such titles. It is not necessary to have a Vice President in most corporations.
So does this line up with the different executive titles in your company?