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Corporate titles can be also called business titles. It is all about duties and responsibilities which are given to the representatives of an organization. This enables them to know what their purpose in organization is.
Corporate titles can be used visibly or within the organization i.e., confidentially. Many NGO’s, partnership businesses, educational institutions, and even sole proprietorships discuss corporate titles.
Responsibilities of corporate titles
There are certain positions which are to be created within every corporation, such as Treasurer, President and Secretary. The corporation decides its board of members and which titles to grant. The Model Business Corporation Act is a set of law which is followed by most states.
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The structure of executive titles in large companies-
- Chairman- who can be a semi-retired president or the founder of company.
- Vice Chairman- commonly he holds the CEO title.
- President- the companies who do not have ‘chairman’ position, ‘president’ is considered to be in the top position.
- Deputy President or Senior Executive- he reports to the president.
- Executive Vice President or Executive Director- design, develop and implement plans for the organization in a lucrative and time-efficient manner.
- Managing Director- his responsibilities depends upon the organization’s legal structure.
- Vice President or General Manager or Department Head- denotes head of a division.
- Deputy General Manager- directs his subordinates.
- Manager- denotes a head of a team.
- Assistant Manager or Team Leader- who directs and assist team members.
- Staff- to manage the staffs the managerial titles is structured.
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Senior management in an organization-The highest level executives comprises of-
- CEO– CHIEF EXECUTIVE OFFICER
- COO– CHIEF OPERATIONS OFFICER
- CFO– CHIEF FINANCIAL OFFICER
The structure depends upon the management. Some organizations instead of using above titles use titles like president, vice presidents, and general managers. Some prominent positions have developed like-
- CRO– CHIEF RISK OFFICER
- CTO– CHIEF TECHNOLOGY OFFICER
- CIO– CHIEF INFORMATION OFFICER
- CMO– CHIEF MARKETING OFFICER
- CCO– CHIEF CREATIVE OFFICER
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