A business executive is a senior executive who is usually in charge of making important decisions and overseeing a large department or functional area within a corporation. The job’s specific functions are determined by the individual’s location and industry, as well as the size and type of company for which he works. A business executive, on the other hand, is in charge of all operations, projects, and programs handled by the department under his supervision. He is responsible for hiring the right people to complete the jobs under his supervision, putting in place the proper processes, and ensuring that the department meets its operational and financial objectives. He could also be a member of an executive team, which means he could help shape corporate strategy and make decisions that affect the entire company.
The size of the company is one of the most important factors affecting the specific job responsibilities of a business executive. In a large corporation, an executive may be responsible for several hundred employees. These employees may be in charge of a variety of functions and may work in facilities or offices other than the one where the executive works. He will usually hire and maintain a network of senior managers who report directly to him in this case. His primary managerial responsibility will be to communicate the company’s vision and processes to these managers, as well as to assign them management responsibilities for their teams.
A business executive in a smaller company, on the other hand, is more likely to be involved in the day-to-day operations of his unit. He’s more than likely to be a working manager, which means he does some of the regular work himself rather than acting solely as a manager. He’ll probably have fewer senior managers to back him up, and he’ll probably be more involved in recruiting, hiring, and directing people.
The responsibilities of a senior executive differ depending on the position. Chief executive officers, also known as C-level executives, have the authority to direct junior executives. Sales executives, on the other hand, may manage no one and have little or no involvement in high-level strategy, but they are sometimes given the title to give important clients the impression that they are dealing with a senior executive.
A senior executive’s usual hallmarks are strategy and high-level decision-making. He could be a part of decisions about new company-wide policies, layoffs, or hiring initiatives. He could vote on whether a new product line should be launched, whether an existing one should be discontinued, or whether additional funds should be borrowed for expansion. If he works for a non-profit organization, he may be required to represent the company at a variety of conferences, formal dinners, professional events, and fund-raisers.