Archive for September, 2015

CEOs and their Job

Posted: September 2, 2015 in Real Estate

The Chief Executive Officer of any business, larger or small, is the man or woman at the top of the food chain. There are certain assignments that can only be carried out by the CEO and they carry a lot of the responsibility of the company on their backs. The CEO has the responsibility of making sure the business is still in business next year, and the year after that, and five years or more down the road.

It requires a high degree of calculated thinking to do the job right. One of the most important indicators for a CEO is the history of a business. If they have a strong background in business and have experience heading another company, this will reflect nicely on them. Things like past mistakes or failures are valuable indicators of the direction a business is headed in, and the CEO uses such history to his or her advantage.

In most cases there is no standardized list of responsibilities carried out by a CEO. In addition to charting the future of a company, common functions of a CEO include; supporting operations and administration of the Board, and advising and informing said members. A CEO is often the interface between the Board and the company staff. CEOs have a hand in much of the design, marketing and promotion of the company’s products or services, and will play a part in recommending the annual budget for Board approval.

Another function that CEOs often do is one of community and public relations, consistently presenting the organization with a strong and positive image to key stakeholders. They are the ones who make public announcements and other things to the press and the general public when something big happens. Michael Yanko is a co-owner and CEO of WY Management, a commercial real estate development company in New York. He has owned this company with his wife for a number of years now.