A business executive oversees a department or functional area, directing operations, projects, and programs. Specific job roles depend on the industry and company size. They may be involved in high-level decision-making and strategy, and may manage a team of senior managers.
A business executive is a senior professional who is generally responsible for making key decisions and overseeing a significant department or functional area within a corporate operation. Specific job roles depend on the field and industry in which the individual works, as well as the size and type of company they work for. In general, however, a business executive is responsible for directing all operations, projects, and programs managed by the department under his or her management. He is tasked with ensuring that the right people are hired to complete the jobs under him, that the right processes are in place, and that the department meets operational and financial goals. He can also be part of an executive team and, as such, can participate in shaping corporate strategy and making decisions that affect the entire company.
One of the main factors that affect a business executive’s specific job responsibilities is the size of the company. In a large company, an executive may have several hundred employees working for him. These employees may be responsible for multiple functions and may be located in facilities or offices other than the one where the executive has his or her office. In that case, he typically hires and maintains a network of senior managers who work directly with him. Your primary managerial role will be to communicate the company’s vision and processes to these managers and task them with managing their teams.
In a smaller company, on the other hand, a business executive is more likely to be involved in the day-to-day operations of his unit. He is likely to be a job manager, meaning he takes on some of the regular workload himself, rather than operating strictly in a managerial capacity. He is more likely to have fewer senior managers to support him and may be more involved in recruiting, hiring, and managing people.
The duties of a senior executive also vary by job type. Executive directors, sometimes called C-level executives, may direct junior executives. Sales executives, on the other hand, may actually manage nobody and have little or no involvement in high-level strategy, but they are sometimes given the title simply to make important clients feel as if they are dealing with a senior person.
Strategy and high-level decision-making are the usual characteristics of a senior executive. He may be involved in decisions related to the implementation of new policies, layoffs or hiring initiatives across the company. He can vote whether to launch a new product line, discontinue an existing one, or borrow additional funds for expansion. He may need to represent the company at various conferences, formal dinners, professional events and fundraisers, especially if he works for a non-profit organization.
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