Trust comes from meeting obligations on both sides: The COO must truly support the CEO’s vision; keep ego in check; and exhibit strong execution, coaching, and coordination skills. Rekisteröityminen ja tarjoaminen on ilmaista. It requires standard information, like the exporter, consignee, shipment routing, and goods description. After in-depth conversations with dozens of executives who have held the position and with CEOs who have worked with COOs, the authors have concluded that different views of the COO role arise from the different motives behind creating the position in the first place. Chief Operating Officer – COO Job Description. A coup is a pretty major achievement, whether it involves taking over a government by force, or landing a major business contract. COO abbreviation. If the COO role is defined primarily in relation to the CEO, and no two CEOs are exactly alike, does that mean the job simply defies definition? internet slang, chat. Although it sat idle for several years after Rick Belluzzo’s departure, it was revived when Kevin Turner was hired. They handle the day-to-day administration and operation of a business. This tremendous variation implies that there is no standard set of great COO attributes, which makes finding suitable candidates difficult for companies and recruiters alike. Get the top COO abbreviation related to Export. CTO in business means Chief Technology Officer or Chief Talent Officer This acronym/slang usually belongs to Business & Finance category. Growth is usually what prompts businesses to bring a COO on board, but it also depends on how the CEO chooses to manage his or her company. Company - … Smooth operator: when is the right time to hire a COO? Related abbreviations. The COO reports directly to the Chief Executive Officer (CEO) and communicates the message down the line. “You have to lead while serving,” stressed eBay COO Maynard Webb, immediately adding, “It has been the hardest job that I have ever done.” Interestingly, he then followed up with another reason why the job is hard: “It is not as immediate with gratification as any of the line jobs that I had. But no one can execute against a plan that’s not being communicated clearly and directly. To speak of trust is almost a cliché, but the vehemence with which our research participants stressed it suggests they consider it more crucial here than in any other business relationship. You get to mold the strategy; you get to direct the efforts every day. In business or finance, COO means Chief Operating Officer. It may help to explain that a corporate officer holds a management-level position, such as a President, Vice President, or General Manager. We’ve seen very similar arrangements at Netscape, where James Barksdale has served as mentor to cofounder Marc Andreessen, and at Google, where Eric Schmidt was recruited to support the cofounders, Larry Page and Sergey Brin. The effect of the word is increased if your name starts with an L. Hearing their comments, we were reminded of Harry Levinson’s insightful 1993 article, “Between CEO and COO,” in the Academy of Management Executive. Export COO abbreviation meaning defined here. A Certificate of Origin (CoO) is a document that evidences that the goods in your export shipment were produced, manufactured, or processed in a particular country. “Sunday at 4:00 pm became the time for us to have lengthy discussions….We would see each other at the office, too, of course, but there we would be scurrying around working on the integration of the [merged] companies, driving the company’s performance, and making things go. The way it gets worked out is the individuals—through trial and error, as well as through discussions—figure out who is going to be doing what and who needs to check with who on key decisions….How the pair will make that happen needs to be agreed to very early in the relationship.”, Obviously, the creation of the COO role adds a layer of management; executives who previously had direct access to the CEO now have an intermediary to address. There may be more than one meaning of COCO, so check it out all meanings of COCO one by one. They would be, the authors contend, if there were less confusion surrounding the role. coo definition: 1. Some organizations function without a COO. Looking for the definition of COO? Define COO at AcronymFinder.com. The Chief Financial Officer, also known as the Financial Director, is in charge of the economic and financial planning of the company. Generally responsible for the technical teams and to implement new strategies to improve the final product. 1001 to 5000 employees. Here on acronym.io, we define the meanings of all kinds of acronyms, abbreviations and initialisms, including those relating to business and finance such as COO. If you also have excellent people skills, business acumen and exemplary work ethics, we’d like to meet you. In some corporations, the COO is also known as the Executive Vice President of Operations. This is why the COO position is nearly ubiquitous in businesses that are operationally intensive, like the airline and automotive industries, as well as in organizations that operate in hypercompetitive and dynamic marketplaces like high-tech firms. Managing Director is responsible for the day-to-day business of a company. To coo is to speak softly and gently, or make the soft sound of a bird. The co-authors of Second in Command: The Misunderstood Role of the Chief Operating Officer liken the COO role to that of a U.S. vice presidential candidate: The best person for the job is highly dependent on his r… Are there situations when it will inevitably produce tension and discord? It also includes two additional sections specific to the document: It also includes two additional sections specific to the document: Steven Reinemund, now chairman and CEO at PepsiCo, gave us his thoughts on the challenge. COOs oversee the functions and general operations of the company. New research sheds light on this most contingent, and most mysterious, of C-suite jobs. But you are working on things through a lot more layers as COO, and the results come much slower.” These sound like two very different reasons for a job to be hard, but we suspect they may be intertwined. 'Chief Operating Officer' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. social, media, internet. A company may bring in a COO not as a mentor, but as a foil, to complement the CEO’s experience, style, knowledge base, or penchants. In others, the mission is focused on a specific business need. Dan Rosensweig, COO at Yahoo, described for us the hours he spent talking with CEO Terry Semel before joining the company. In truth, as we’ve said, the seven roles are not mutually exclusive. It falls upon the CEO’s shoulders to make sure that this development takes place and to share the spotlight whenever appropriate. As we will explore in the following section, that relationship can take various forms. In many cases, the primary reason to establish a COO position is to groom—or test—a company’s CEO-elect. Boards are anxious to identify and groom heirs and often see the COO title as a useful step in the process. Recruiters don’t have an obvious pool to tap. Rosensweig invested the time because, in his words, “you have to get in sync with the CEO. They must have good communication skills, strong leadership, and creativity. The existence of seven different roles suggests at least seven different sets of attributes on top of the basic—and infinitely variable—requirement that there exist a personal chemistry between the COO and the current CEO. A Chief Operating Officer must have a broad knowledge of and wide experience in business management. The Chief Communications Officer is responsible for managing corporate reputation, contacting the media and developing Branding strategies. What does COCO stand for in Retail? How the COO Works The COO works for the CEO. Which tittle would you like written on your card? Sometimes, the COO is expected to make the CEO more effective or more complete. Los Angeles, CA Area area. For example, one of the few empirical examinations of the role was conducted by Donald Hambrick of Penn State and Albert Cannella, Jr., when he was at Texas A&M. Find. When COO Gary Daichendt left Nortel Networks (after just three months), his tasks were assumed by the then CEO, Bill Owens. How can a pair of executives get past such perils and develop an extraordinary level of trust? Ia percuma untuk … In many cases  also the strategic affairs adviser to the CEO. New management order: CEO, COO, CFO, CMO, CXO to CIO - Although the position of the CEO has a certain awe attached to it, it also comes with many responsibilities. ZIGURAT Innovation School - Transform the way you do business! The Hambrick and Cannella study, for example, found a 22% decline over ten years in the number of firms with executives holding that title. This can lead to what’s been called a “two in a box” model and is similar to what authors David Heenan and Warren Bennis have termed “co-leadership.” Indeed, Heenan and Bennis contend that more companies should create and cultivate co-leadership arrangements. Forbes.com reporter David Einstein wondered in print, “Did Lane quit or was he fired?” and wished he had “a clue as to why […]. And second: why the event was wrapped in such drama. As they reported in the October 2004 issue of Strategic Management Journal, a review of ten years of data on 400 companies showed that firms with a CEO-COO structure had underperformed relative to their industry peers. The role of the COO varies greatly from one industry to another and even from one company to another, which makes it difficult to provide a succinct list of duties. What is COO? abbreviation for chief operating officer: the manager in an organization who is responsible for how the whole organization is run: Most recently , he was COO of IFS Engineering. Even within a single company, the right qualifications for the COO role can shift. At the same time, the COO must depend on the CEO to block efforts by those who might want to circumvent the position. How this could work. Even where studies have been done, it’s often impossible to draw useful lessons from them. What is the meaning of COO? 2) make the license PO specific . Whereas the CEO is responsible for the overall leadership of the company, the COO is responsible for the day-to-day execution. It requires standard information, like the exporter, consignee, shipment routing, and goods description. What is the meaning of COCO? If the CEO is not deliberate about this, then the board will have no reason to be impressed by the number two, who may then prove ultimately unpromotable. If you're looking for the business or finance term that COO stands for, you've come to the right place. There are a lot of abbreviations for top leadership positions that contain the words “Chief and Officer” in the title. He ultimately hired Surya Mohapatra just when Quest was closing a deal to acquire another large testing business. A Chief Operating Officer in the Los Angeles, CA Area area reported making $554,850 per year. The CIO focuses on improving the efficiency of internal processes in order to ensure effective communication and keep the organization functioning smoothly. Yet in the last few years, companies in a wide range of industries have announced new COOs, including Microsoft, RadioShack, Airbus, Allstate, KPMG’s U.S. subsidiary, Alcatel, Chiron, Nissan, BellSouth, Comcast, Eli Lilly, Apple, and Medtronic. A rapidly growing entrepreneurial venture might seek an industry veteran with seasoning, wisdom, and a rich network who can develop both the CEO and the emerging business. In many cases, the COO is there to help make the CEO’s vision a reality. A certificate of origin / declaration of origin is generally prepared and completed by the exporter or the … The COO is also called the Executive Vice President of Operations or the Director of Operations. The COO may step in to take on the CEO's role when he is absent, and so the COO should have a thorough understanding of the firm's overall operations. CEOs constantly have fresh thoughts with operational implications; they must be in the habit of discussing those with their COOs without delay. Recent examples of firms using the COO position to develop the successor to the CEO include Continental Airlines, where CEO Gordon Bethune (who himself originally joined the airline as COO) recently passed the torch to his COO, Larry Kellner. 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