What does a president/chief executive officer do?

A Managing Director oversees workflow and progress, making sure that all operations align within the company or organization's mission or set of goals. They are responsible for crafting strategies, devising effective business plans, and executing guidelines that would nurture a company's growth, and as well as to be the driving force that would direct employees to the company's objectives. Furthermore, a Managing Director must coordinate with those in a higher position, such as the members of the board.

These skill sets are where the common ground ends though. The responsibilities of a president/chief executive officer are more likely to require skills like "start-up," "payroll," "product line," and "non-profit organization." On the other hand, a job as a managing director requires skills like "portfolio," "project management," "customer service," and "financial services." As you can see, what employees do in each career varies considerably.

The responsibilities of an operations vice president will revolve around overseeing business operations and ensuring workforce and workflow efficiency through evaluations and providing strategic plans that would drive the company to meet its vision and mission. An operations vice president, in adherence to the company policies and regulations, also has the power to hire and train employees, even to execute disciplinary actions such as termination or suspension when necessary. Furthermore, an operations vice president also has discretion in reviewing and approving reports and requirements in various aspects such as budgeting and new policies.

In addition to the difference in salary, there are some other key differences worth noting. For example, president/chief executive officer responsibilities are more likely to require skills like "financial management," "strategic partnerships," "start-up," and "healthcare." Meanwhile, an operations vice president has duties that require skills in areas such as "customer service," "project management," "process improvement," and "continuous improvement." These differences highlight just how different the day-to-day in each role looks.

A corporate vice president is an executive professional who is vital in managing staff and supervising departmental operations of a corporation. Corporate vice presidents must assist the president and the board of directors in designing the overall mission, values, and strategic goals of the corporation. As determined by the business's strategic goals, vice presidents must contribute to sales innovations, strategic business development, and the profitability of the corporation. Corporate vice presidents must also attend meetings with the board of directors to share information about competitors and expansion opportunities.

The required skills of the two careers differ considerably. For example, president/chief executive officers are more likely to have skills like "financial management," "revenue growth," "strategic partnerships," and "start-up." But a corporate vice president is more likely to have skills like "portfolio," "project management," "treasury," and "strong project management."

Division Vice Presidents are company executives that oversee a particular department or division. They are often employed in companies with a varied product line or wide geographical reach, thus needing divisions to streamline processes. Division Vice Presidents should have a solid background in the particular division that they are handling. They ensure that their division's performance is at par or would even exceed company targets and expectations.