The CEO and making tough decisions

D. Mouannes is brave

The CEO is considered the highest authority in the organization or company and is the first and last responsible for managing the company and achieving its goals, and it falls on him to develop and implement the strategic plan for it as he is at the head of the company's top management, and his role also requires following up the daily operations of the company and coordinating with the board of directors in addition to effective communication with stakeholders.

In the business world, it is necessary to follow up the daily operations of the company and coordinate with the board of directors. In the business world, the CEO and his team must face situations that require making some difficult decisions, which often occur as a result of challenges either internally, such as operational failure or pressure from stakeholders, or externally, as a result of changes in the market, competition or the economic situation.

In the business world, it is inevitable to face situations that require the CEO and his team to make some difficult decisions. The right decision would contribute to the company's growth and expansion, while the wrong decision would cost the company great losses. For example, one of the CEOs found that there is an overcrowding and an increase in employees when redrawing the organizational structure to align with the company's strategic plan, and here he will have to dispense with a number of employees who are considered human capital on which the company has already spent money on training and development and so on.

Here is where the importance of the human capital comes into play. It is important for the CEO to participate with the leaders of other departments, and a small executive council can be formed to include one of the board members to assess the potential risks and their consequences, such as compensation or lawsuits that may face the company, as CEOs often avoid making such a decision alone because its consequences have a material impact on the company and in this way the decision is made with confidence and implemented with boldness.

@MounesShujaa