Preguntas sobre ejemplos de oraciones con, y la definición y uso de "Executive"

Palabras similares a "Executive" y sus diferencias

Q: ¿Cuál es la diferencia entre executive y director y manager ?
A: If you work in a big company or are aware of organizational structuring, then you should know about the different types of directors. As you may already know, these executives are usually known by their duties and responsibilities, instead of their job titles, and there are many types of directors in a large organization, including those for planning, personnel management, financial matters, etc. In fact, there are two posts that are often confused with each other, which are the managing director and the executive director. To clear things up regarding these positions, let us take a look at their job overviews, duties and responsibilities, and other information that can help us differentiate them.

Job Overviews

Without a doubt, a managing director is the officer with the highest rank in a company and serves as a link between the board of directors and the administration. Like the captain of a ship, he is the one who makes crucial decisions during critical times for his company. With a lot of roles to play, he is usually involved with his organization’s daily operations. But no matter how high-level his roles are, he still has to listen to what the board advises him to do, as the board works for the interests of the stockholders.

As for the executive director, he clearly has separate duties and responsibilities, and if there are both a managing director and an executive director in an organization, it will be the former who reigns, with a specified role for the latter. As you can see, a managing director is above an executive director and can fire the latter from his job.

However, if there is no managing director or chief executive officer (CEO) in an organization, it will be the executive director who is the boss and head of all staff members. With the confusion regarding the use of both the words “executive” and “director” in his title, you should understand that such an officer is not part of the board of directors and is more of a chief executive of a company. Truth is, he reports to the board on a daily basis.

Duties and Responsibilities of a Managing Director

The primary purpose of a managing director’s job is to control and direct the operations of an organization, as well as provide strategic direction and guidance to the board of directors and make sure the company achieves its mission and complete its objectives. Here are his duties and responsibilities:

Control and direct the company’s work and resources, as well as ensure the retention and recruitment of the right types and required number of candidates to make sure the entire organization achieve its goals and mission.Prepare the corporate and annual business plans, and monitor progress against these plans to make sure the company’s objectives are achieved in the most cost-effective and efficient way.Offer guidance and strategic advice to the members of the board, especially the chairman, to keep them updated on industry developments and ensure the right policies that comply with relevant regulations are created to complete the company’s mission and objectives.Make sure that effective formal and informal links to important clients, stakeholders, key decision-makers, local authorities and relevant government agencies and departments are established and maintained. This allows for the proper exchange of views and information to ensure an appropriate range and good quality of services.Develop and maintain research and development (R&D) programs that helps the company with remaining on top of its competitors, offering cutting-edge products or services and employing the most efficient approaches and methods.Prepare, delegate for and monitor the implementation of the company’s yearly budget to ensure targets will be met and revenue flows will be maximized, while minimizing fixed costs.Develop and maintain effective public relations and marketing strategies to promote the company’s image, products and services to a broader audience base.Represent the company in negotiations with suppliers, customers, government departments/agencies and other important contacts to create contract terms that would be most effective and advantageous for the company.Develop and uphold a system for total quality management that ensures the best possible products or services are provided to the end users.Develop, direct and promote the enforcement of equal opportunity policies in all work aspects within the organization.Supervise the preparation of the company’s annual accounts and reports, and get them approved by the board.Direct the execution of procedures and policies to make sure the company is compliant with all health and safety regulations and other relevant commercial legislations.

Duties and Responsibilities of an Executive Director

While it is the board’s responsibility to oversee the company, there are many cases that they will hire a key officer to execute programs, policies and initiatives, and this will be the executive director. Involved with the board in a daily basis, this executives duties and responsibilities are to:

Manage staff, where he motivates, supervises and hires people for the organization.Develop and manage programs and policies, working with staff members to do this task and guide the company to fulfill its goals.Liaise staff to the board of directors and keep the board informed of what and how the entire company is doing. He attends board meetings and keeps communication open for the directors.Do strategic planning, where he and the board of directors collaborate in order to create a strategy to guide the entire company.Implement periodic evaluations of the organization with help of the board to ensure that the business is effective and will remain true to its mission and objectives.

Final Thoughts

The title of managing director, which refers to the officer with the highest rank in an organization, is common in European countries and other commonwealth nations. This post is equivalent to the CEO of US companies. As for the post of executive director, it is not very common, but when it exists with a managing director (as previously stated), he is the junior of the two, where he can be fired by the managing director. Without a managing director or a CEO, the executive director is the one with the highest rank and with the responsibility of day-to-day operations.

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