Chief Executives Go Back to List Determine and formulate policies and provide overall direction of companies or private and public sector organizations within guidelines set up by a board of directors or similar governing body. Plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers.

Technology used in this occupation:
	Accounting software

Tasks
	Direct or coordinate an organization's financial or budget activities to fund operations, maximize investments, or increase efficiency.
	Confer with board members, organization officials, or staff members to discuss issues, coordinate activities, or resolve problems.
	Analyze operations to evaluate performance of a company or its staff in meeting objectives or to determine areas of potential cost reduction, program improvement, or policy change.
	Direct, plan, or implement policies, objectives, or activities of organizations or businesses to ensure continuing operations, to maximize returns on investments, or to increase productivity.
	Prepare budgets for approval, including those for funding or implementation of programs.
	Direct or coordinate activities of businesses or departments concerned with production, pricing, sales, or distribution of products.
	Negotiate or approve contracts or agreements with suppliers, distributors, federal or state agencies, or other organizational entities.
	Review reports submitted by staff members to recommend approval or to suggest changes.
	Appoint department heads or managers and assign or delegate responsibilities to them.
	Direct human resources activities, including the approval of human resource plans or activities, the selection of directors or other high-level staff, or establishment or organization of major departments.

Skills
	Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
	Speaking - Talking to others to convey information effectively.
	Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
	Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
	Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
	Coordination - Adjusting actions in relation to others' actions.
	Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job.
	Management of Financial Resources - Determining how money will be spent to get the work done, and accounting for these expenditures.
	Systems Analysis - Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
	Systems Evaluation - Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.

Knowledge
	Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
	Personnel and Human Resources - Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
	Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
	English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
	Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
	Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
	Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
	Public Safety and Security - Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
	Education and Training - Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
	Sales and Marketing - Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.

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Education & Training   Education:   Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).   Related Experience:   Extensive skill, knowledge, and experience are needed for these occupations. Many require more than five years of experience. For example, surgeons must complete four years of college and an additional five to seven years of specialized medical training to be able to do their job.

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Wage Information
	Region Average Entry Level  Mid-Range  Annual  Hourly  Statewide $353,562.00 $169.98  $61.78  N/A - N/A  Bridgeport/Stamford $463,133.00 $222.66  $71.05  N/A - N/A  Danbury $321,675.00 $154.65  $48.83  N/A - N/A  Hartford $320,425.00 $154.05  $61.47  N/A - N/A  New Haven $315,877.00 $151.86  $62.17  N/A - N/A  New London/Norwich $278,654.00 $133.97  $53.28  N/A - N/A  Waterbury $217,902.00 $104.77  $51.82  N/A - N/A  Torrington $198,737.00 $95.55  $45.42  N/A - N/A

Occupation Outlook ( 2016 - 2026 ) Average Annual Job Openings:   45   Employment in this occupation is expected to grow more slowly than average, and the number of annual openings will offer limited job opportunities.

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	Some of the occupational information on this page is formulated from O*NETTM v17.0 data. O*NETTM is a trademark of the U.S. Department of Labor, Employment and Training Administration.