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What is a president of a company?

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Quick Answer

According to Investopedia, the president of a company is the company's top manager. In small companies, the president is typically the owner of the business. In large corporations, company presidents are senior-level executives that report directly to the chief executive officer, or CEO, of the company.

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What is a president of a company?
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Full Answer

According to About.com's Susan M. Healthfield, company presidents create organizational structure, hire management teams, delegate specific duties and help solve company problems. They also make financial decisions and assist in regulating a company's spending to help increase overall profit margins. They assist in setting financial goals for businesses by closely monitoring financial reports and making adjustments as necessary. It's also a president's job to keep workers motivated and excited about contributing to the company's overall goals.

A company president must be able to direct workers effectively. He or she should be a strong leader and effective communicator. If the president is not the company's owner, he or she should share similar business values and have the same vision for the company as the owner, notes Heathfield. The president should also make sure the company operates in accordance with county, state and government regulations. A president's responsibilities typically varies from organization to organization, but most presidential roles require these fundamental job responsibilities.

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