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What are some of the typical functions of a company president?

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Quick Answer

A company president implements an organization's mission, evaluates the work of executive leaders, formulates a strategic plan, oversees the company's operations, and remains aware of internal and external competition. In certain organizations, the president reports to the chief executive officer.

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Full Answer

The president promotes the company's vision, which is a desired future outlook for the organization. This vision applies to employees, executives, shareholders, vendors and even candidates for employment. The vision statement can range from a couple of words to several pages and is part of the strategic planning process. The strategic plan drafted by the president is a guide for the direction of the business, and the president enforces actionable plans to help carry out the company vision.

The president evaluates the work of senior vice presidents, directors and other high-level executives. A president also evaluates the success of the company, both internally and in relation to competitors within the industry. The position requires a careful examination of expansion opportunities and new markets. A president must also stay aware of current economic conditions and their impact on the current state of the business. In addition, the president represents the organization within the local community and on a larger scale when necessary.

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