When we take a company hierarchy, there are different positions categorized into different ranks, and if we closely look at it, we can see a position called COO is there. Since this is unfamiliar to many people, there is a curiosity in everyone’s mind to see the COO meaning and role. So, as it is one of the frequently asked questions among everyone, we have brought you this blog giving you everything related to COO meaning and its position and duties, etc.
With this guide, you will understand the COO, its duties, and many other essential facts, such as the qualifications needed to become a COO, the types of COO roles in companies, etc. Therefore, if you are interested in it more, you can go through this guide until you reach its end for a great understanding of COO meaning with other essential things. In a company, when it comes to C-ranked positions, we always remember CEO, but not COO, so we will help you to comprehend the difference between these two positions through this blog.
What COO Meaning Is
Okay, now you have entered the first session of this guide in which you will learn the COO meaning. The letters COO represent the word Chief Operating Officer, and he is one of the senior executives who look after the operational and administrative sections of a company.
Even if the real COO meaning is Chief Operating Officer, in some companies, that position is referred to as Chief Operations Officer, Operations Director, etc. No matter the names, every company’s duties are the same for the COO.
Being a COO is not easy because there are many tasks for the COO, and the above-given description only summarizes the responsibilities that the COO has. So, keep going to the next phase of the guide, where you will truly understand the COO meaning much better with a further explanation of its role.
The Role of a COO
The role of a COO is very advanced, and it’s far beyond what you imagined about it. Since the COO bears a significant position in a company, it is better to know about the role of the COO furthermore. Therefore, we are about to fill your mind with everything you need to know about the role of a COO.
Mainly the COO is responsible for handling the daily administrative and operations activities in a company, and the COO is the one who handles almost all the internal affairs of a company to the extent where the COO is given the authority. As a COO who manages the internal affairs of a company, they must be multi-talented with the knowledge of every department of a company because it is the only way a COO can successfully handle a company without fail.
And also COO is the one who builds up new strategies for a company to make it grow up well no matter how many challenges there are to stop the company from being grown up. Therefore, COO is not a position we can belittle, but we should appreciate it. And now, thanks to this guide, we know you have a great understanding of the role of COO. So, the next thing to learn is the qualifications required to be a COO in a company.
Qualifications Required for a COO
As you know that the COO is a highly responsible and accountable position in every company, there must be special qualifications to be a COO. So now, you will learn all the qualifications needed to become a successful COO.
Since this COO operates a whole company, none can be successful without the necessary experience. Therefore, if someone wants to be a COO, then he or she must have at least 15 years of experience in the required field. With 15 years of experience in the field, you will obtain the knowledge essential to become a COO, skills needed for a COO, and many other higher-ups in their career life.
Besides the minimum 15 years of experience, you should have at least a bachelor’s degree in business administration or a master’s degree in the same field to be a COO. Other than all these major qualifications, it is better to have other qualifications in other aspects, too, so that you will be considered multi-talented.
And also, even if you have all these qualifications in experience and education, you need special skills, such as leadership, problem-solving, analytical, etc. With these skills, you will be eligible for the COO position not only in educational requirements but also in extra skills too.
The Difference Between CEO and COO
The positions of COO and CEO differ, and as many have issues regarding these two positions, we thought of giving you a good idea about the differences between each position. Once you read this, you will understand why these two positions are not the same as each other.
The CEO is the Chief Executive Officer of a company, which is the highest rank in a company’s hierarchy. He is the one that directs the company for long-term success. The COO is the second highest position in a company after the CEO, who is responsible for handling the daily administrative and operational activities and reports everything directly to the CEO.
The CEO is considered the company’s public image and maintains the external affairs mostly, but the COO handles the company’s internal affairs.
Types of COO
Different types of COO roles can be seen in different structural companies. From now on, this guide about COO meaning and its role will teach you about the seven COO roles with different responsibilities to be accountable for. The seven COO roles are,
- The Executor COO is responsible for implementing the strategies structured by the CEO or other executive staff.
- The MVP is promoted by the company staff itself.
- The Change Agent is responsible for creating new strategies to lead specific aspects of a company.
- The Heir Apparent is brought to be positioned in the CEO position once the current CEO leaves the company.
- The Mentor COO is in charge of supporting and guiding the new CEO of the company.
- The Partner COO is brought to the company as another version of the CEO to support the CEO in maintaining a balanced leadership.
- The Other Half COO has an opposite management style compared to the CEO.
As you have reached the end of this guide about the COO meaning and its role, we are happy to see you with excellent knowledge of the COO position. Even if you did not know more about the COO position because of its unpopularity, like the CEO, thanks to this guide, you have learned many things about it, so you will never have to look for the COO meaning and its role.