Vice President of Operations
by: Jordan Schafer & Shiheng Wang
The Vice President of Operations, sometimes called a Chief Operating Officer (COO), is a position generally held by only one individual within a company and typically included within a top management team. The VP of Operations is in charge of managing all operations within the company to ensure that they run efficiently and effectively, while keeping everyone on track to fulfill the company's strategy. The VP of Operations is the voice for all of the operations within a company and without this position a company may be foregoing the opportunity to improve profits and service to its customers.
If only one word could be used to describe the responsibilities of a VP of Operations, it would be method. Developing a good method will keep operations on track to achieving goals. The VP of Operations main focus is to develop a realistic method, execute the method, record the results of said method, and later review these results with other executives to look for spots to improve on. To effectively execute the operations method, the VP of Operations must thoroughly communicate the strategy, process, and procedures needed for operational success to the top management team. Along with communication, there are many other skills, abilities, and knowledge needed to assume the role of VP of Operations. Candidates typically must complete at least a bachelor's degree in business, human resources, etc. Though not required, an HR master certificate or some other form of certification is usually preferred. Additionally, a VP of Operations should excel as a leader within the company and to his/her direct reports.
The position of VP of Operations can be found in all forms of businesses and industries and is an essential position to many firms. While it may come with different responsibilities and titles, the VP of Operations is often crucial to the survival of the company. Due to its high executive status, it is not hard to see why someone would want to work in this position. As VP of Operations, you are one of the highest paid employees of the company, with mean salaries over $187,199 yearly (Locsin, Aurelio). Along with financial perks, you also receive a great deal of power and responsibility over other employees.
The job title of VP of Operations is not attainable by most workers. It is an executive title that is only given to one person in an entire company. Climbing the executive ladder to reach the position of VP of Operations may take years or even decades. There is very little job turnover as VP of Operations since this only occurs when the current VP is promoted, terminated, or retires. Generally, there is only one position higher than VP of Operations which is the Chief Executive Officer (CEO). Therefore, the possibility of moving up is very difficult, since one may have to wait until the CEO changes companies, retires, or is terminated.
The job title of VP of Operations is not attainable by most workers. It is an executive title that is only given to one person in an entire company. Climbing the executive ladder to reach the position of VP of Operations may take years or even decades. There is very little job turnover as VP of Operations since this only occurs when the current VP is promoted, terminated, or retires. Generally, there is only one position higher than VP of Operations which is the Chief Executive Officer (CEO). Therefore, the possibility of moving up is very difficult, since one may have to wait until the CEO changes companies, retires, or is terminated.
Sources:
http://work.chron.com/vp-operations-duties-13282.html
Below is a short video briefly describing the duties expected of the VP of Operations.
Below is a short video briefly describing the duties expected of the VP of Operations.
No comments:
Post a Comment