What do our CEO's do?

By SiliconIndia   |   Friday, 29 April 2011, 12:59 Hrs   |    3 Comments
Printer Print Email Email
CEO is the public face of an organization. He holds the most important position.The designation of CEO brings power, money and the opportunity to lead an empire. He is responsible for the success and failure of the company. He heads operations, marketing, finance, creation of company culture, human resource, hiring, firing, compliance with safety regulations and PR. He builds the very foundation, strategy and vision for the company.

But have any one of you wondered how the CEO's allocate their time? How the allocation of their time in different activities affects the company's performance?

A survey was conducted where about 94 CEO's of major corporations became ready to be scrutinized for every activity done by them in a day. In this survey the personal assistant of the CEO's were instructed to note down all the activities that they go through. This included everything, from with the amount of time invested in attending meetings, reviewing a marketing campaign to chilling out with clients in the golf course.

In order to capture the essence of CEO's work, insider and outsider classification was made clear. Insiders involved employees dealing in functional area like finance, marketing or human resource, and outsider's involved external people of the firm like distributers, suppliers and investors.

The researchers discovered that in vast majority of a CEO's time, some 85 percent, was spent working with other people through meetings, phone calls, and public appearances, while only 15 percent was spent working alone. Of the time spent with others, CEO's spent on average 42 percent with only "insiders" (employees or directors of the CEO's firm); 25 percent with insiders and outsiders together; and 16 percent with only outsiders.

next new
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..