I work in C suite for non tech/start up industry, more traditional setting, and could not have explained better than this.
It’s mostly a bifurcation of strategy and execution. The CEO is forward looking and COO is focused on the day to day. Making sure all teams and processes are running smoothly. Helping determine which investments have a high priority, etc. The COO is still very involved in the strategy as well. Because they’ll eventually need to operationalize it.
Pretty much every C level role that gets added as a company grows is to pull away some domain specific stuff from the CEO. The CEO could do it all in theory. COO is usually one of the later additions to the C suite during growth as it usually has a lot of overlap with CEO.
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I work in C suite for non tech/start up industry, more traditional setting, and could not have explained better than this.
It’s mostly a bifurcation of strategy and execution. The CEO is forward looking and COO is focused on the day to day. Making sure all teams and processes are running smoothly. Helping determine which investments have a high priority, etc. The COO is still very involved in the strategy as well. Because they’ll eventually need to operationalize it.
Pretty much every C level role that gets added as a company grows is to pull away some domain specific stuff from the CEO. The CEO could do it all in theory. COO is usually one of the later additions to the C suite during growth as it usually has a lot of overlap with CEO.