In a company, the CEO receives copious support. In fact, CEOs sometimes have a second-in-command, or COO, whose main goal is supporting the CEO. However, the COO often lacks support, which can limit their ability to effectively help the CEO.
Over 40% of the world’s leading companies have a COO, but many of these COOs do not have a standard job description or title. The day-to-day work of a COO changes depending on the CEO needs, company stage, and leadership team strengths, but the core principle of providing support to the CEO remains.
Unfortunately, COOs face numerous challenges that make it difficult to fulfill their role. Without proper guidance, COOs are unable to effectively distribute their time, spending more time on employee and operational priorities than long-term planning. COOs also deal with issues such as worker shortages, changes to company priorities, and supply chain disruptions.
Finding ways to support COOs is necessary for a successful company. The COO needs the tools to manage challenges and improve efficiency. Solutions such as COO coaching and peer groups can go a long way in giving COOs useful skills, and should be implemented in companies that are looking to be as efficient as possible.
Infographic by: dianeintegrates.com
