Overview
Chief executives and managing directors make decisions critical to the overall direction of an organisation, within the framework set by a board of directors or similar governing body. They oversee the policies, settings and resourcing so that the organisation achieves short-term objectives and meets long-term goals.
Work is usually in an office environment, with regular travel. Long hours and weekend work are typical.
Suitable for decisive people with strong leadership, communication and public speaking skills. Good judgement, financial management, negotiation and problem-solving skills are important.
Day-to-day
- set the objectives, strategies, policies and programs for the organisation
- provide overall direction and risk management for the organisation
- direct the implementation of organisational policies and programs
- monitor alignment with objectives, strategies and targets
- consult with senior staff and review recommendations and reports
- monitor organisation finances, budgets and financial reports and present them to a governing body
- represent the organisation at official events such as conventions, seminars and public forums
- act as the organisation's key representative to shareholders, government agencies and the public
- ensure the organisation complies with company laws and other relevant legislation
- lead the organisational culture and support the values and objectives of the business.
Considerations
- Stressful
To become a Chief Executive and Managing Director
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Formal qualifications are not required, however higher education qualifications including degrees in finance, economics or business management are common.
Extensive managerial experience and postgraduate qualifications can improve career prospects.
Find a Bachelor of Business Management
Search for a post-graduate Diploma of Business Management
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Membership with the Australian Institute of Company Directors or The CEO Institute can be useful.
Skills employers are looking for
