ENTREPRENEURIAL OPERATIONS
CHAPTER 7 ENTREPRENEURIAL LEADERSHIP AND MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
supervisory manager.
|
|
|
middle manager.
|
|
|
top-level manager.
|
|
|
operational manager.
|
Detailed explanation-1: -A COO – or Chief Operations Officer, reporting to the CEO – is the second-top ranking individual and is in charge of implementing and overseeing the day-to-day operations, processes and strategies towards the overall mission and vision of the company. These two roles are at the top of a company’s hierarchy.
Detailed explanation-2: -The COO is a manager with broad responsibilities that range from managing day-to-day operations to providing strategic advice. They oversee daily administrative and operational functions, reporting directly to the CEO and being second only to this person for company affairs.
Detailed explanation-3: -The chief executive officer (CEO) is the highest-ranking person in a company. While every company differs, CEOs are often responsible for expanding the company, driving profitability, and in the case of public companies, improving share prices. CEOs manage the overall operations of a company.