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Clear decision rights—The COO role appears to work the best when the roles and responsibilities of the COO have been clearly delineated ahead of time and the COO is allowed to make the final decision within pre-agreed upon scope. Lock on the backdoor—The CEO must not undermine the COO's credibility by continually reversing decisions.
COOs are reshaping leadership by navigating a professional world characterized by mutability, dynamism, and uncertainty.
Corporate titles or business titles are given to company and organization officials to show what job function, and seniority, a person has within an organisation. [1] The most senior roles, marked by signing authority, are often referred to as "C-level", "C-suite" or "CxO" positions because many of them start with the word "chief". [2]
There are considerable variations in the composition and responsibilities of corporate titles. Within the corporate office or corporate center of a corporation, some corporations have a chairman and chief executive officer (CEO) as the top-ranking executive, while the number two is the president and chief operating officer (COO); other corporations have a president and CEO but no official deputy.
The COO role is seemingly making a comeback. Some finance chiefs have added on the role of COO to their duties, like Block CFO Amrita Ahuja and Macy’s CFO Adrian Mitchell.
Some of what used to be managed by a COO has drifted into the CFO’s purview. The COO role is making a comeback—but the twist is that its often finance chiefs taking on the role as ‘CFO plus ...