SPONIC Managment Team Job & Works Explained

 

C-Suite - What Is C-Suite?

C-suite, or C-level, is widely-used vernacular describing a cluster of a corporation's most important senior executives. C-suite gets its name from the titles of top senior executives, which tend to start with the letter C, for "chief," as in chief executive officer (CEO), chief financial officer (CFO), chief operating officer (COO), and chief information officer (CIO).

What is Upper Management?

Upper management includes individuals and teams that are responsible for making the primary decisions within a company. Personnel considered to be part of a company's upper management are at the top of the corporate ladder and carry a degree of responsibility greater than lower-level personnel. Upper management members are imbued with powers given by the company's shareholders or board of directors. Examples of upper management personnel include CEOs, CFOs, and COOs.

KEY TAKEAWAYS

• "C-suite" refers to the executive-level managers within a company.
• Common c-suite executives include chief executive officer (CEO), chief financial officer (CFO), chief operating officer (COO), and chief information officer (CIO).
• C-level members work together to ensure a company stays true to its established plans and policies.

CEO

The Chief Executive Officer or Executive Director is the person in charge of the management and administrative direction of the organization. The CEO is at the top of the chain. In the majority of cases, the CEO is also the founder and drives the purpose, vision, and mission of the company. Responsible for connecting the business with the market, having the final say in budgeting, investment decisions, and directing the company’s strategies so that it achieves its objectives. The ideal CEO should be a “leader“, providing guidance and resources to the team, and removing obstacles.

COO

The Chief Operating Officer is in charge of the day-to-day administration and operation of the business. The COO reports directly to the Chief Executive Officer (CEO) and is considered his right hand. In some corporations, the COO is also known as the Executive Vice President of Operations.

CMO

The Chief Marketing Officer is responsible for marketing activities, which include sales management, product development, advertising, market research, and customer service. With a focus on maintaining quality service through communication, and align the interests of all departments to optimize marketing activities.

CFO

The Chief Financial Officer, also known as the Financial Director, is in charge of the economic and financial planning of the company. Deciding when and where to invest, assessing risks, all in order to increase the value of the company. Contributes financial knowledge, accounting and provides a general and analytical look at the business. In many cases also the strategic affairs adviser to the CEO.

CIO

The Chief Information Officer looks after the systems of the company that is related to information technology at the process level and from the point of view of planning. The CIO analyzes the benefits new technologies can offer, identify which ones are more interesting to the company, and evaluate its operation. The CIO focuses on improving the efficiency of internal processes in order to ensure effective communication and keep the organization functioning smoothly.

CTO

The Chief Technology Officer oversees the development and correct operation of information systems from the point of view of execution. Generally responsible for the technical teams and implementing new strategies to improve the final product. A similar role to the CIO position, since in some companies they share tasks. The key difference is that a CIO focuses on information systems (communication workflow), with the aim of increasing efficiency, while a CTO is responsible for the technological strategy aimed at improving the final product.

CCO

The Chief Communications Officer is responsible for managing corporate reputation, contacting the media, and developing Branding strategies. Media relationship to guaranty brand awareness, and positive imaging. The CCO aims to have positive feedback and favorable from clients.

CSO

In this role, the CSO is responsible for developing and overseeing policies and programs used in the mitigation or reduction of compliance, operational, strategic, and financial security risk strategies relating to the personnel or staff, any assets, and other property.

CAO

As a Chief Administrative Officer, you will be responsible to manage the company's business development programs and increase the output of the business. You will report directly to the CEO and other top executives of the management.

CGO
Chief Growth Officer (CGO) has the unique ability to work across the key activity areas that drive growth. In large companies, the CGO is a cross-functional catalyst used by executives to align and optimize their own team's activities. Marketing teams work on demand generation loading the sales funnel with prospects.

CLO

A chief legal officer (CLO) is often a publicly traded company's most powerful legal executive. The chief legal officer (CLO) is an expert and leader who helps the company minimize its legal risks by advising the company's other officers and board members on any major legal and regulatory issues the company confronts, such as litigation risks.

COB

A chair of the board (COB) holds the most power and authority on the board of directors and provides leadership to the firm's officers and executives. The chair of the board ensures that the firm's duties to shareholders are being fulfilled by acting as a link between the board and upper management.

Key personnel in a value-added business and their duties include:

• Operations manager. This individual is the leader for the operation and has overall responsibility for the financial success of the business. The operations manager handles external relations with lenders, community leaders, and vendors. Frequently, this individual also is in charge of either production or marketing for the business. This person will set in motion the vision, strategic plan, and goals for the business.

• Quality control, safety, environmental manager. This is a key function in any industry and, in particular, one that deals in food products. In a small business, one person generally will be responsible for handling OSHA compliance, EPA compliance, monitoring air and water quality, product quality, training of employees in each of these areas, and filing all necessary monthly, quarterly, and yearly reports.

• Accountant, bookkeeper, controller. This is another key function. The individual filling this role has the responsibility for monthly income statements and balance sheets, collection of receivables, payroll, and managing the cash. The key aspect here is managing the cash.

• Office manager. The person in this slot also may serve as the human resource director, purchasing agent, and "traffic cop" with salespeople and vendors. This employee, in general, will oversee everything not involved in the production and may also handle some marketing duties.

• Receptionist. Sometimes called the "front-line" person, the receptionist handles phone calls, greets visitors, handles the mail, does the billing, and performs many other tasks as required by the office manager.

• Foreperson, supervisor, lead person. This individual is the second-in-command in the shop and will oversee production in the absence of the owner, general manager, or president. This position usually will have an overall understanding of all aspects of the business and also will handle working with new employees, including setting up training and schedules.

• Marketing manager. If finances permit, a marketing manager may be on staff to handle all aspects related to promoting and selling the product. The top management person often handles this duty in a small business.

• Purchasing manager. The duties of this position may be filled by either or both the general manager/top management person and the office manager. The supervisor or lead person often also is involved.

• Shipping and receiving person or manager. This may not be a full-time position in a start-up business. Someone, however, needs to be assigned the task of packaging, ordering transportation for delivery, receiving incoming material, and warehousing of finished goods and stock. Several people may be involved in this, including the office manager, foreperson, or accounting clerk.

• Professional staff. Instrumental in each company, new or existing, are the firm’s professional staff resources. These include an accountant (CPA), a lawyer, an information technology (IT) consultant, and, possibly, a local doctor or access to a medical facility. Although perhaps not outlined as full-time staff positions in your organization, these roles should be considered a part of the management team and discussed in the development of the business plan.