A business executive is someone who oversees a large department in a company. The titles of each executive vary but duties are the same; the person in charge of all technology matters may be called the chief technology officer or technology director. Most business executives have heavy responsibilities for their divisions and work long hours.
Chief Technology Officer
These executives, also known as CTOs, oversee the technical division of the company. They usually make the decisions concerning the types of technology that the entire company will use. Technology can cover choosing printers, phones, computers and Internet networks that all employees will use. They stay updated on technological news so they can resolve problems.
Chief Accounting Officer
The chief accounting officer (CAO) oversees the accounting division of the company. The responsibilities include setting accounting standards for others, following federal accounting reporting rules and contributing to the annual report, which contains critical accounting information.
Chief Financial Officer
Chief financial officer (CFO) is in charge of financial divisions. CFOs work closely with the CAO as well since finance and accounting have some similarities. They perform financial analysis on the company’s financial investments and stock performance. They are aware of their competitors’ financial health as well.
Chief Executive Officer
The chief executive officer is the head of all the executive branches. He is often the public face of the company. Well-known CEOs have included Steve Jobs of Apple and Michael Dell of Dell Computers. They usually make the most out of everyone in the company. The CEO contributes to the annual report and certifies that the information is true.
Background and Education
Each of these roles generally requires a master's degree or about 10 years experience in a similar job role. For example, many CTOs have a degree in a computer science or information technology along with years of experience at a software company. Many business executives are recruited from within because internal hires understand the company's operations.
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