Chief Operating Officer leads the planning and development of an organization's operational policies, objectives, and initiatives. Develops strategies and oversees the execution of plans to attain short- and long-term financial and mission-critical operational goals. Being a Chief Operating Officer directs the development of the organization's functional capacity that will produce sustainable growth and minimize risk. Defines operating goals and develops budgets to support business objectives. Additionally, Chief Operating Officer establishes effective operational policies and procedures. Researches technology changes to lead expansion efforts, drive scalability, and implement technology-driven solutions. Typically requires a master's degree. Typically reports to Chief Executive Officer (CEO). C-suite level management. Develops functional or business unit strategy for an organization. Executes multiple high impact initiatives to achieve organizational goals. Defines vision, strategy, and focus for a major functional or business unit. Substantial experience with setting key metrics like KPIs or OKRs and shaping plans to meet objectives. To be a Chief Operating Officer typically requires progressive leadership experience in senior management roles. Has expert level knowledge of the overall departmental function. Demonstrated experience in developing and executing long term business strategies.
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