A senior manager who, in addition to having a strong and trusting relationship with the CEO, should also have an
effective relationship with the Board. A strong relationship between the Board and the COO offers an additional
expert opinion on the health and status of the company. It benefits the CEO to allow such a relationship to form
because it reflects confidence and fosters transparency. It also reinforces that the CEO is capable of developing
talent and helps the CEO to retain the COO by further empowering the individual.
Seven “tyoes” of COO
•The Executor: Leads the implementation of strategies developed by the CEO and top management team. A COO in this role typically is responsible for the day-to-day and quarter-to-quarter results of the business. This type is most often seen in logistically or operationally complex businesses•The Change Agent: Leads the efforts towards the accomplishment of a specific strategic objective•The Mentor: Guides and advises a young CEO•The Other Half. Complements the CEOs experience, knowledge, personality and/or skills•The Partner: Partners with the CEO in a •two-in-the-box" arrangement•The Heir Apparent: COO role is designed to groom and test the next CEO•The MVP: The title is used as an incentive to retain an important executive to avoid losing the executive to a competitor
So which one am I?
I am a combination of the Executor and Change Agent, or someone who will deliver the boards goals and objectives on time and within budget.