Mark Hamill, Non Executive Chairman France & UK Ackermann International
Traditionally, functions like Chief Operating Officers (COOs) existed only in the realm of big corporations. Company leadership understood them to be part of a package of C-suite functions suitable primarily to Fortune 500 businesses or multinational corporations. However, I would like to discuss how the COO role can be useful for managing growth in successful small- and medium-sized enterprises (SMEs). The role, which is often seen as a "second-in-command" to a company CEO, oversees overall business operations and fulfilment of the corporate vision and strategy that a CEO traditionally agrees together with the company board.
For smaller businesses, creating such a role can be overwhelming provided the company is not certain what they expect from the person filling the position. I would like to take you through a check list on why your business might wish to consider establishing a COO function and how that role can complement other managerial posts in your company.
22 January, 2019