So I work for a large bank in the United States. Me and my coworkers always joke that whenever something bad or inconvenient happens it’s the CEOs fault. Though it’s just a running joke it got me thinking, on a day to day basis what does a CEO actually do? I get the “Chief Executive Officer” nomenclature means they more than likely make executive decisions but what does that look like? Are they at their desk signing papers all day? Death by meeting?
Edit: Holy crap thanks for all the answers I feel like this sub always pulls through when I have a weird question. Thanks guys!
In: 1423
CEO of small company of around 70 employees. I try to talk to my managers at least once every day or two. Accounting, HR, Sales, and production. What’s going on in their world and what problems are they facing. I try to look for trends. If sales are slow one day no big deal. If sales are slowing three months in a row… big problem.
Im constantly looking at least 6 months to 2 years in the future. What do I want the company to look like in two years? Is our main market going to be viable in two years? What markets are small now that we can get into that will grow over the next few years? What do we need to do over the next 6 months to compete in those markets?
It’s all about patterns and then making decisions to best respond to those patterns. For example during Covid when supply chains were crap I was having daily meetings with purchasing and accounting about what could we get, what could we not get, could we afford to triple our inventory over the next 6 months because we may not can get it after that for a while… we don’t have space to triple our inventory. We need to rent a building to have the space. Who can we rent 15k square feet from for only 1 year?
My day is trying to prevent problems months before they happen or capitalize on opportunities months in advance. Sometimes I feel as though I do nothing all day and sometimes I’m fighting a dragon alone that no one else can see.
Latest Answers