What are the CEO, CFO, and COO hierarchies?

The CEO is responsible for the public image of the company, so they represent the company in the media. In some instances, the CEO also liaises with the investors, shareholders, and official bodies. The COO will usually carry out any communication required by the CEO.

They are usually in charge of the internal affairs of the company. The CFO's liaising is only finance related. They are in charge of developing and maintaining relationships with investors, banks, and other financial institutions. Depending on the needs of the company, some CFOs also liaise with the board.

The CEO's job is to develop goals and strategies for the growth of the company. These are usually with the knowledge of the board. These goals get delegated to the appropriate manager in charge. The CEO ensures that the employees are working towards the vision of the company.

The CEO is the position that proves as an example for the rest of the company to follow. The COO's function in the company is reliant on the CEO and the company's needs. But typically, the COO is responsible for daily operations at a company.

Since the COO's duties depend on the organization, there is no definite outline of their functional role, but it may include culture, marketing, sales, strategy, research, and resources. The CFO is solely concerned with the financial growth and progress of the company.

They keep track of the financial strengths and weaknesses of the company and propose plans to combat the weaknesses and play up the growth. They also have to be aware of unforeseen challenges, such as an unstable economy. They are expected to provide counsel in financial matters concerning investments, projects, and strategies.