Often, the chief operating officer will have to balance the objectives, needs, and challenges of all departments in the company. Achieving this balance requires the chief operating officer to think critically and prioritize the needs of departmental supervisors, while taking into account the objectives and direction of the CEO's strategy. One of the functions of the chief operating officer is to lead the execution of the strategies developed by the senior management team. This is simply a concession to the complexity and scope of the CEO's work today, with his numerous external commitments.
Managing large, often global, companies sometimes requires two sets of hands; in these cases, the chief operating officer usually takes responsibility for delivering results day by day, quarter by quarter. A chief operating officer (COO) is an executive-level position responsible for overseeing the daily operations of a company. The chief operating officer usually works with the chief executive officer (CEO) or president to ensure that the organization is operating effectively and efficiently and in accordance with its strategy and overall objectives. The chief operating officer is the second in command of the company.
They are involved in everything, including marketing, financial growth, and sales. Ultimately, the chief operating officer is responsible for ensuring that all aspects of operations run smoothly every day and for addressing any issues that arise.