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Inquisitive to know the difference between CEO and CCO positions at the C-Suite level? If yes, please check out this blog today!
Every C-Suite executive has a unique skill set they will utilize in the organization. Two of the most important top executives are the CEO and COO. The CEO or the Chief Executive Officer is a top leader in the company who plans the vision, goals, standards, and processes of the company. Considered to be a top authority in the company, the CEO is responsible for the decision-making to a huge extent. The COO is the Chief Operating Officer is responsible for all operations and functions of the company. The responsibilities of a COO are for streamlining the operations and policies of the organization.
The Chief Executive Officer or the CEO is the top C-suite executive who the board members choose to manage all the activities of the company. The CEO is responsible for all the strategies and processes. The CEO is the corporate leader who leads the company in terms of all major decisions, formulates long-term decisions, manages financial resources, business activities, and is the ultimate communicator between teams. The face of the organization, the CEO, is the one who needs to take responsibility for all the success or failure of the company.
The responsibilities of the CEO are-
The Chief Operating Officer or the COO is a C-suite executive who handles and heads the operational and administrative affairs of the company. The COO is the right-hand man professional of the CEO who supports the company strategy with structured plans. The COO needs to motivate team members at different levels to improve the quality and efficiency of operations.
The COO has the following responsibilities-
The major difference between a CEO and a COO is in the hierarchy of the position. The COO takes care of all the administrative and operational aspects of the company and reports to the CEO. The CEO is the captain of the ship and is the topmost C-suite executive.
The CEO leads the workforce and handles all the resources, while the COO is the second in command. The CEO handles the company’s management in all corporate decisions and enterprise meetings.
The COO handles the profits, losses, allocation of tasks, customer satisfaction, and ensures efficiency. The CEO handles the value appropriation of the company, manages revenue, stock price, market capitalization, and more.
The COO handles all the company’s internal affairs and is appointed when there is a complex process. The CEO is the bridge between the public and the company. The COO is more of a bridge between the company members and the CEO.
The CEO is answerable to the board members who have elected him to the position. For a COO, he is answerable to the CEO and team managers.
Here are the average salaries of the CEO and COO in different countries.
Country NameCEO SalaryCOO SalaryUSA$786256$458921United Kingdom£98,012£83798AustraliaAU$932,211AU$160486India₹2902892₹2802330
Since both CEO and COO roles are the main elements of the C-Suite, they require the same set of skills and attributes. Some of them are-
The key attributes for both the CEO and COO include-17
The CEO and COO both look to manage and help the growth of the company. The CEO is the top-ranking official in an organization, while the COO handles the internal operations. While delivery of service is the main goal for a COO, the CEO takes care of the organizational growth. As companies grow, the level of complexity in departments increases. This calls for an expert like the COO to fill the gaps in the company. The COO implements processes that fit with the altering and changing needs of the company. Both roles are important to reaching the long-term goals and vision of the company.
Published 22 Apr 2022, Updated 24 Aug 2022
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