Business Executive
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A business executive is a person responsible for running an organization, although the exact nature of the role varies depending on the organization. Executives run
companies A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specifi ...
or
government agencies A government agency or state agency, sometimes an appointed commission, is a permanent or semi-permanent organization in the machinery of government (bureaucracy) that is responsible for the oversight and administration of specific functions, ...
. They create plans to help their organizations grow. Becoming an executive usually takes years of promotions and hard work since the qualifications of this role needs hard working individuals with years of experience in multiple facets of the business.


Occupations

The business executive occupation covers many jobs. These positions include
chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...
, department store manager, and
small business Small businesses are types of corporations, partnerships, or sole proprietorships which have a small number of employees and/or less annual revenue than a regular-sized business or corporation. Businesses are defined as "small" in terms of being ...
operator. Executives are in charge of their organization. They create and review goals for the company. They work closely with a team of upper-level staff or assistants. This team may make both long- and short-range plans to achieve these goals. Once the plans are set, executives make sure the company follows the changes. They do this by meeting with the managers of all the departments and getting progress reports. Executives are typically elected by the organization's owners,
shareholder A shareholder (in the United States often referred to as stockholder) of corporate stock refers to an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the ...
s,
board of director Board or Boards may refer to: Flat surface * Lumber, or other rigid material, milled or sawn flat ** Plank (wood) ** Cutting board ** Sounding board, of a musical instrument * Cardboard (paper product) * Paperboard * Fiberboard ** Hardboard, ...
s. The term usually refers to the person running the organization or someone involved in the upper-level management role of a corporation, company, as opposed to being the founder, owner, or majority shareholder of the organization.


Duties

Executives' duties depend on how many people are on their staff. Some executives oversee general managers in different areas. In larger organizations, they may direct one area, such as
marketing Marketing is the act of acquiring, satisfying and retaining customers. It is one of the primary components of Business administration, business management and commerce. Marketing is usually conducted by the seller, typically a retailer or ma ...
, finance, or legal services. For example, in the financial area, executives may direct the buying or selling of land or other investments. Other executives get more involved. They may hire and train new staff. They may direct staff in what tasks need to be done. They may choose computer systems to record data, such as budgets. When complaints arise, executives may direct investigations to resolve what occurred in the agency or between staff members. A large part of an executive's job is developing relationships with people outside the organization. These people may be customers or contributors. One way executives create relationships is by giving speeches at
conferences A conference is a meeting, often lasting a few days, which is organized on a particular subject, or to bring together people who have a common interest. Conferences can be used as a form of group decision-making, although discussion, not always d ...
. Executives may also serve on the boards of community groups. These activities promote the company and its leader. In addition, executives oversee
budget A budget is a calculation plan, usually but not always financial plan, financial, for a defined accounting period, period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including tim ...
s. They use budgets to analyze how well the organization is running. They make suggestions about where to cut expenses. Executives may also suggest where improvements could be made. Executives also negotiate contracts with outside agencies. They need good persuasion skills to keep costs down.


Government executives

Government executives oversee agencies that develop laws and regulations. They meet regularly with their citizens. They learn how voters feel about the issues. Officials need to do these reality checks to see if they have the citizens' support. Executives also promote economic growth within their communities. They plan and organize different activities to help meet these goals. Government executives make connections between the United States and other countries. They help to promote
international trade International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (See: World economy.) In most countries, such trade represents a significan ...
. The government executive occupation also covers many jobs. They range from city council member, mayor, and governor, all the way up to President of the United States. Some of these positions are elected. Other officials are appointed to their jobs. In smaller communities, many of these jobs may be volunteer positions. Sometimes these jobs run through only part of the year.


See also

* Chief executive officer (CEO) *
International Executive Resources Group The International Executive Resources Group (IERG) is a non-profit professional association for corporate executive-level professionals working in diverse industries whose careers include broad experience in the global arena. IERG accumulates and ...


References


External links

* {{Authority control Executives *