Essay on Roles And Responsibilities Of Executives
Executives are considered to be one of the most important people in an organization. They are responsible for all management decisions and ensuring the organization is reaching its goals. They are the face of the company. Whether the company fails or succeeds they are responsible. Their specific role varies depending on the company in which they oversee. The executive must develop and implement strategies and policies to ensure their organization is meeting its goals and in turn becoming or remaining a successful company. Although executives have one major responsibility, this responsibility has the power to determine the success or failure of the company.
Executives typically work a 55-hours a week dividing their time between meetings, travel, phone calls, public events, business meals, and working independent (Milkovich, Newman, & Milkovich, 2005). Executives do carry a heavy load. Could you imagine an entire company in your hands? We could only imagine the stress of their daily lives. As a result of their stressful responsibilities, they are compensated very well. Although, they are well compensated, some argue that they are over compensated.
Within the past few years American have began receiving knowledge of how much executives are making. There has not been much of a defense to this concern. Most executives have remained quiet about this rising issue. In all efforts to ensure an organization is…