As the leader of an organization, the chief executive officer is responsible for the business strategy and the direction of the company. He sets the overall direction and manages the operations of the company. He sets the company's strategy, implementing the Board's decisions, and developing the company's vision and strategy. The CEO is responsible for managing the company's resources and ensuring that the business is profitable. He also delegates responsibility to the executive management team. The duties of a chief executive officer include creating and implementing a firm's strategic direction, overseeing all aspects of its operations. The chief is responsible for making sure the leadership team understands the competitive landscape and markets, and creates and implements a strategic plan. The chief also needs to be involved in industry-related events and associations, and must have the necessary credentials and skills. If he wants to be a successful chief executive, he should first have a master's degree in management. A chief executive officer has many roles in an organization. He hires the executive team and fires any executives who do not meet his standards. He has the power to hire and fire executives to make sure that the company operates smoothly. He also advises the executive team on specific functional areas, such as marketing and finance. These executives will help the CEO formulate and implement policy. He is ultimately responsible for the organization's goals, and the success of the business depends on his decisions.