The Responsibilities Of Ceos In Large And Small Companies

Words: 1743
Pages: 7
Open Document
With the rapidly growing demand of goods and services of the public, an increasing number of corporations emerge with different sizes from giant firms to individual businesses. The responsibilities of a CEO, as a result, have been classified by a large amount of research to help to improve management efficiency. It is essential for CEOs to recognize their specific responsibilities in different sizes of companies, which are to be compared and contrasted in the following three phases, management models, obligation sharing and social responsibilities.

For CEOs in both large and small companies, the responsibility lies in choosing and following management models which set a proper framework for the companies. A management model is defined …show more content…
As a result, CEOs’ obligations are not as centralized as those in large corporations (Davidson et al., 2006). Furthermore, CEOs in small corporations have higher risks in making good decisions. They do not have to discuss the decisions with others before making them so the decisions may lack consideration. Hence, it is a wrong concept that the responsibilities of CEOs in large companies surpass those in small ones under the hierarchy system.

Similarities of social responsibilities between large and small companies are essential concepts for CEOs to realize. Shouldering social responsibilities means that companies make contribution to society and not be solely devoted to maximizing profits(Schermerhorn, 2004). The purpose of social responsibility is to provide higher standards of living, simultaneously preserving the possibility of making profits for stakeholders of the company (Hopkins, 2006). Corporate social responsibility will extend to CEOs’ obligation because their decisions and plans should meet the social responsibilities’ requirement. Firms are responsible primarily for owners, and then employees, customers and suppliers, and eventually for broader society (Robbins & Coulter, 2007). Generally, CEOs in all sizes of corporations should highly consider the two previous stockholder groups, the owners and employees. The
Show More

Related Documents: The Responsibilities Of Ceos In Large And Small Companies

Groupon Case Assignment 2014 Essay

exchange of goods, but do not necessarily transact in those goods. When the customer makes a purchase through an e-tailer’s platform or interface, the e-tailer takes the payment from the customer and places an order with the supplier to send goods directly to the customer. At a later date, it remits a payment to the supplier for the prearranged price. Like a traditional business, the e-tailer retains the difference between the payment received from the customer and the payment it makes to the supplier…

Words 5795 - Pages 24

Comparative Study Of HUL P G Www Essay

The Shares Procurement System Of HUL AND P &G. Study The Drawbacks And Plus Points Of HUL AND P &G. To get practical touch to theoretical knowledge. To study on the assessment of working capital. To study on Capital profitability management. Compare Competitors Identify Opportunities and Threats Understand Strengths and Weaknesses SWOT Analysis To study on the assessment of working capital. To study on Capital profitability management. II. SCOPE OF THE STUDY The scope for this organizational…

Words 6545 - Pages 27

Essay about Management Midterm 1

rendered irrelevant by the imposing dual phenomena of globalization and innovation. What do you think of what the experts are saying about the American business environment you will soon inherit? Should you be worried that the degree you receive from UC Merced may not be sufficient to ensure your job security long term and provide you with a quality of life that is equivalent to or better than that of your parents and grandparents? 2 points Prehistorically, the phenomenon of globalization began…

Words 6643 - Pages 27

Clusters and the New Economics of Competition Essay

competitive advantages in a global economy lie increasingly in local things - knowledge, relationships, motivation - that distant rivals cannot match. Untangling the paradox of location in a global economy reveals a number of key insights about how companies continually create competitive…

Words 7465 - Pages 30

Marketing Job Description

organisation is a part of firm investment that includes monetary and non-monetary elements. For small and medium sized firms they should thoroughly plan it out in recruitment so that their time, money and courage are not waste. This is due to the nature of operations which are small in size, with limited financial competence or deficiency of managerial skills (Peters 2005). In addition, small firms differ from large firms in terms of operational size or scale, and the owner managers or entrepreneurs tend…

Words 4755 - Pages 20

Boeing Company Analysis Essay

Boeing [pic] Presented by: Urvishkumar Patel Amitkumar Patel Bhavikkumar Patel Manojkumar Patel Vishal Patel Jonathan Mayes MG - 640 Management Policy Dr. Santanu Borah July 27, 2008 TABLE OF CONTENTS INTRODUCTION 5 Company Overview 5 Boeing Commercial Airplanes 5 Boeing Integrated Defense Systems 6 Boeing Capital Corporation 6 Background 7 Sales/Operations 9 Constituent Contributions to Corporate Portfolio and Revenue 12 Market Share, Revenues…

Words 15965 - Pages 64

Résumé Marketing Management, 14th Edition - Kotler & Keller Essay

performance in each value-creating activity and to look for ways to improve it. Managers should estimate their competitors' costs and performances as benchmarks against which to compare their own costs and performance. The firm's success depends not only on how well each department performs its work, but also on how well the company coordinates departmental activities to conduct core business processes. • The market-sensing process. • The new-offering realization process. •…

Words 26667 - Pages 107

Essay on Shared Service Center

Management control in Shared Service Centers - How to influence people in the striving towards organizational goals Authors: Emma Carlsson Ann Schurmann Avdelning, Institution Division, Department Ekonomiska institutionen 581 83 LINKÖPING Språk Language Svenska/Swedish X Engelska/English Rapporttyp Report category Licentiatavhandling Examensarbete C-uppsats X D-uppsats Övrig rapport ____ URL för elektronisk version http://www.ep.liu.se/exjobb/eki/2004/iep/015/ Titel Title Författare Author…

Words 42241 - Pages 169

Essay Social Media Business Model Analysis - Case Tencent, Facebook, and Myspace

social media has been discussed in publications but not in details. Nowadays, the most frequently used approach to make money for social media is online advertising. However, the successful company like Tencent proves other potentials of monetization. Because the business model is critical to make profit for a company, a company’s financial performance could be better…

Words 34791 - Pages 140

Gsl Mc Essay

A B C D focusing on improving day-to-day activities or operations doing the same thing as its competitors in a better or faster manner performing activities differently, or to perform different activities from its competitors shifting out the productivity frontier as new technologies and approaches are developed (GSL ID 1.1) Question 1.2 Which one of the following statements best describes the classical view of ethics? A B C D Leaders of organisations…

Words 25498 - Pages 102