What is the full form of COO?
The COO full form is Chief Operating Officer. The COO is responsible for the day-to-day administration and operation of the company. The COO reports directly to the CEO (Chief Executive Officer) and is considered the CEO’s right-hand man. In some companies, the COO is also identified as the Executive Vice President of Operations.
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The chief executive officer of a corporation is overly involved in strategic planning and the management of relationships with clients and other trading partners. He cannot devote enough time to daily tasks. Thus, a COO is required to oversee and regulate everyday operations and communicate with the CEO.
Eligibility requirements
- A business administration degree or degree in a related field is preferred.
- Clear managerial abilities and expert leadership.
- Problem-solving and determination skills
- A solid comprehension of organizational positions such as HR, Ads, Accounting, Growth, etc.
- Relevant professional experience and a stellar track record in comparable positions.
COO responsibilities
- Implementing strategies defined by the CEO and Board of Directors through teamwork and leadership.
- Supervising the budget planning process and analyzing the normal business production metrics.
- Participating actively in all organizational choices will provide success and foster leadership and ownership.
- Participation in the development of the budget preparation exercise with the active assistance of the CEO and COO, and their frequent evaluation to determine the activity’s progress and challenges.
