Chief Operating Officer Job Purpose: Plans, directs, and oversees a company's operational policies, rules, initiatives, and goals. A COO manages major company-wide changes and communicates across departments to … The chief operating officer (COO) is responsible for executing and implementing the operational directives set by the CEO and the board of directors. One will require possessing a bachelor's degree as a minimum education requirement. Some companies require the person to have up to 15 years’ experience in business management. Business & Finance (9) Slang, Chat & Pop culture (4) Sort results: alphabetical | rank ? The CEO may also create strategies for the Chief Operating Officer to implement. They handle the day-to-day administration and operation of a business. Market Business News - The latest business news. CEO stands for Chief Executive Officer. To express or utter with soft murmuring sounds. Printer friendly. Some organizations use the term, vice president of operations, instead of COO. Learning from the CEO and eventually taking that position. Chief Operating Officer (COO) job description: Intro. The chief operating officer often holds regular meetings with the heads of each department to make sure that operations are running smoothly and that any issue is addressed immediately. The main purpose of a Chief Operating Officer is to direct and control all organizational operations in accordance with the strategy and business plans agreed by the Chief Executive and Board to ensure that organizational goals and objectives are met. What does COO stand for? Corporate officers are high-level management executives hired by the business's owner or board of directors. COO. https://searchcio.techtarget.com/definition/Chief-Operating-Officer-COOhttps://en.wikipedia.org/wiki/Chief_operating_officerhttps://www.investopedia.com Insights Company Insightshttps://resources.workable.com/coo-job-descriptionwww.businessdictionary.com/definition/chief-operating-officer-COO.htmlhttps://marketbusinessnews.com/financial-glossary/coo-chief-operating-officer/, Managerial & Financial Accounting & Reporting, Government, Legal System, Administrative Law, & Constitutional Law, Business Entities, Corporate Governance & Ownership, Business Transactions, Antitrust, & Securities Law, Real Estate, Personal, & Intellectual Property, Commercial Law: Contract, Payments, Security Interests, & Bankruptcy, Operations, Project, & Supply Chain Management, Global Business, International Law & Relations, Management, Leadership, & Organizational Behavior, Research, Quantitative Analysis, & Decision Science, Investments, Trading, and Financial Markets, Business Finance, Personal Finance, and Valuation Principles, BUSINESS ENTITIES, CORPORATE GOVERNANCE, & OWNERSHIP, https://searchcio.techtarget.com/definition/Chief-Operating-Officer-COO, https://en.wikipedia.org/wiki/Chief_operating_officer, https://www.investopedia.com Insights Company Insights, https://resources.workable.com/coo-job-description, www.businessdictionary.com/definition/chief-operating-officer-COO.html, https://marketbusinessnews.com/financial-glossary/coo-chief-operating-officer/. Foster a work environment and ensure that it is success-oriented. This is because the CEO only develops plans, while it is the COO who is supposed to oversee the implementation of these plans. Believing in the company’s strategy and not letting their egos cloud their judgment and attitudes are also important. CHIEF OPERATING OFFICER The board of directors of the Corporation (the "Board") has adopted a position description for the ... day-to-day operations of the business of the Corporation and its subsidiaries in accordance with the strategic plan and operating and capital budgets. In some cases, the COO may also determine whether the company requires specific plans to complete the CEO’s strategies. COO (Chief Operating Officer) – definition and example, handles the overall management of the company, because his or her position begins with the letter ‘c.’. If you still have questions or prefer to get help directly from an agent, please submit a request. Meaning ; COO: Chief Operating Officer (corporate title) COO: Cost of Opperation: COO: Change of Ownership (various organizations) COO: Cost of Ownership: COO: Come on Over (Internet slang) COO: Country of Origin: COO: Communities of Opportunity (San Francisco, CA) COO: Continuity of … A good relationship between the two is key in ensuring that a company realizes its goals. CMO stands for Chief Marketing Officer. To talk fondly or amorously in murmurs: The visitors cooed over the newborn baby. The person ultimately responsible for the business. … 1. person who makes sure that the operations are on track and in line with the strategy and vision of the company Therefore, only a COO with vast experience can be able to manage all these responsibilities effectively. COO responsibilities include being second-in-command for the whole company and for the efficiency of the overall business. Every Chief Operating Officer (COO) job description should start with an interesting, eye-catching introduction. He or she is also tasked to report the progress of projects to the CEO. The role of COO and CEO may seem confusing especially in the organization where there is no clear structure. The CEO may also create strategies for the Chief Operating Officer to implement. There are several abbreviations for positions that begin with ‘chief’ or ‘c.’ The CMO, for example, is in charge of developing and overseeing the company’s marketing and advertising programs. coo-coo phrase. Also, he or she should have held a senior managerial position for at least five years. Examples of subordinate executive officers who typically report to the CEO include the chief operating officer (COO), chief financial officer (CFO) and chief business officer (CBO). Officers can also be shareholders and directors but don't necessarily have to be. A coup is a pretty major achievement, whether it involves taking over a government by force, or landing a major business contract. As a senior executive, a COO works directly with the Chief Executive Officer to implement strategies and projects to help the business run smoothly. They oversee all operations and ensure that teams work toward achieving the business goals. A COO is responsible for making sure that all the departments work together to keep the operations of the business on schedule. A chief technology officer (CTO) is an executive who is responsible for the management of an organization's research and development (R&D) as well as … Job Title: Chief Operating Officer. Supervising employees and promoting their growth. For instance, in a company with these two positions, the CEO is usually tasked to oversee the successful implementation of long-term goals. The COO is also supposed to support the human resource to come up with a strong team. 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