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Career Details :: Private Sector Executives

Description

Determine and formulate policies and business strategies and provide overall direction of private sector organizations. Plan, direct, and coordinate operational activities at the highest level of management with the help of subordinate managers.

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.

Education

A bachelor's degree is the minimum formal education required for these occupations. However, many also 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).

Training

Employees may need some on-the-job training, but most of these occupations assume that the person will already have the required skills, knowledge, work-related experience, and/or training.

Tasks

• Directs, plans, and implements policies and objectives of organization or business in accordance with charter and board of directors.
• Analyzes operations to evaluate performance of company and staff and to determine areas of cost reduction and program improvement.
• Directs and coordinates organization's financial and budget activities to fund operations, maximize investments, and increase efficiency.
• Directs and coordinates activities of business or department concerned with production, pricing, sales, and/or distribution of products.
• Directs non-merchandising departments of business, such as advertising, purchasing, credit, and accounting.
• Prepares reports and budgets.
• Establishes internal control procedures.
• Directs in-service training of staff.
• Administers program for selection of sites, construction of buildings, and provision of equipment and supplies.
• Screens, selects, hires, transfers, and discharges employees.
• Promotes objectives of institution or business before associations, public, government agencies, or community groups.
• Negotiates or approves contracts with suppliers and distributors, and with maintenance, janitorial, and security providers.
• Presides over or serves on board of directors, management committees, or other governing boards.
• Directs and coordinates activities of business involved with buying and selling investment products and financial services.
• Assigns or delegates responsibilities to subordinates.
• Reviews financial statements and sales and activity reports to ensure that organization's objectives are achieved.
• Confers with board members, organization officials, and staff members to establish policies and formulate plans.
• Directs activities of organization to plan procedures, establish responsibilities, and coordinate functions among departments and sites.

Related Careers

• Farm and Home Management Advisors
  
• First-Line Supervisors/Managers of Helpers, Laborers, and Material Movers, Hand
  
• First-Line Supervisors/Managers of Production and Operating Workers
  
• First-Line Supervisors/Managers of Transportation and Material-Moving Machine and Vehicle Operators
  
• Food Service Managers
  
• Industrial Production Managers
  
• Marketing Managers
  
• Purchasing Managers
  
• Storage and Distribution Managers
  
• Wholesale and Retail Buyers, Except Farm Products
  

Important Abilities

• Written Comprehension
• Oral Expression
• Written Expression
• Oral Comprehension
• Speech Clarity

General Work Activities

• Getting Information Needed to Do the Job
• Monitoring and Controlling Resources
• Communicating With Other Workers
• Developing Objectives and Strategies
• Organizing, Planning, and Prioritizing

Important Skills

• Coordination
  
• Judgment and Decision Making
  
• Systems Perception
  
• Identification of Key Causes
  
• Identifying Downstream Consequences
  

Frequent Work Context

• Consequence of Error
• Job-Required Social Interaction
• Objective or Subjective Information
• Responsibility for Outcomes and Results
• Coordinate or Lead Others

Related Majors

Major	Add to XapPack
Accounting/Management	[ add ]
Administration	[ add ]
Administration/Management	[ add ]
Administrative Science	[ add ]
Administrative Studies	[ add ]
Architecture/Business Administration	[ add ]
Arts/Education	[ add ]
Automotive Technical Services/General Motors	[ add ]
Automotive Technology	[ add ]
Banking/Finance	[ add ]
Business	[ add ]
Business Administration	[ add ]
Business Administration/Accounting	[ add ]
Business Administration/Administration	[ add ]
Business Administration/Behavioral Science	[ add ]
Business Administration/Business Education	[ add ]
Business Administration/Communication Arts	[ add ]
Business Administration/Computer Science	[ add ]
Business Administration/Economics	[ add ]
Business Administration/Equestrian Studies	[ add ]
Business Administration/Ethics	[ add ]
Business Administration/Finance	[ add ]
Business Administration/Human Resources Management	[ add ]
Business Administration/International Studies	[ add ]
Business Administration/Law	[ add ]
Business Administration/Management	[ add ]
Business Administration/Management Information Systems	[ add ]
Business Administration/Marine Transportation	[ add ]
Business Administration/Marketing	[ add ]
Business Administration/Marketing/Retail	[ add ]
Business Administration/Office Administration	[ add ]
Business Administration/Public Health	[ add ]
Business Financial Management	[ add ]
Business Management	[ add ]
Business Management/Administration	[ add ]
Business Management/Banking	[ add ]
Business/Commerce	[ add ]
Business/Finance	[ add ]
Business/Management	[ add ]
Business/Management/Finance	[ add ]
Business/Organizational Management	[ add ]
Business/Public Management	[ add ]
Chemistry/Management	[ add ]
Classics Education	[ add ]
Commerce/Finance	[ add ]
Communication/Business Management	[ add ]
Communication/Instruction	[ add ]
Computer Science/Business Administration	[ add ]
Corporate Financial Management	[ add ]
Diversified Education	[ add ]
Earth Science Education	[ add ]
Economics for Business Management	[ add ]
Economics for Educators	[ add ]
Economics/Business Administration	[ add ]
Economics/Finance	[ add ]
Economics/Management	[ add ]
Education	[ add ]
Education Administration	[ add ]
Education Studies	[ add ]
Education/Art	[ add ]
Education/Early Childhood	[ add ]
Education/General Studies	[ add ]
Education/Human Services	[ add ]
Education/Organizational Administration	[ add ]
Educational Administration	[ add ]
Educational Administration/Supervision	[ add ]
Educational Leadership	[ add ]
Educational Leadership/Superintendent Endorsement	[ add ]
Educational Management	[ add ]
Educational Processes	[ add ]
Educational Studies	[ add ]
Electronic Commerce	[ add ]
Elementary School Administration	[ add ]
Elementary School Guidance	[ add ]
Entrepreneurship/Emerging Enterprises	[ add ]
Executive Business Administration	[ add ]
Farm Business Management/Finance	[ add ]
Finance	[ add ]
Finance/Banking	[ add ]
Finance/Business	[ add ]
Finance/Economics	[ add ]
Finance/Financial Services	[ add ]
Finance/Insurance	[ add ]
Finance/International Business	[ add ]
Finance/Investments	[ add ]
Finance/Marketing	[ add ]
Finance/Pre-Law	[ add ]
Finance/Real Estate	[ add ]
Finance/Real Estate/Law	[ add ]
Financial Management	[ add ]
Financial Planning/Services	[ add ]
Financial Services	[ add ]
Financial Services/Planning	[ add ]
Financial Services/Risk Management	[ add ]
General Business Administration	[ add ]
General Education	[ add ]
General Management	[ add ]
Higher Education	[ add ]
Higher Education Administration	[ add ]
Insurance/Finance	[ add ]
Interdisciplinary Engineering/Management	[ add ]
International Business Administration	[ add ]
International Business Finance	[ add ]
International Business/Management	[ add ]
Investment Management	[ add ]
Investments	[ add ]
Italian Education	[ add ]
Latin Education	[ add ]
Law/Business Administration	[ add ]
Liberal Arts Management/Business	[ add ]
Management	[ add ]
Management Services	[ add ]
Management/Administration	[ add ]
Management/Business	[ add ]
Management/Engineering	[ add ]
Management/Human Resources	[ add ]
Management/Industrial Relations	[ add ]
Management/International Business	[ add ]
Management/Library Science	[ add ]
Management/Organizational Communication	[ add ]
Management/Organizational Development	[ add ]
Management/Psychology/Management Science	[ add ]
Management/Technology	[ add ]
Managerial Studies	[ add ]
Mathematics/Business Administration	[ add ]
Mathematics/Management	[ add ]
Mathematics/Science Education	[ add ]
Organizational Administration	[ add ]
Organizational Leadership	[ add ]
Organizational Management	[ add ]
Pre-engineering Physics	[ add ]
Pre-veterinary Science	[ add ]
Professional Administration	[ add ]
Professional Education	[ add ]
Psychology/Education	[ add ]
Quantitative Methods/Finance	[ add ]
Quantitative Methods/Investments	[ add ]
Retail Business Management	[ add ]
Retail Management	[ add ]
Retail Merchandising	[ add ]
Retailing	[ add ]
Retailing/Sales	[ add ]
Russian Education	[ add ]
School Administration	[ add ]
School Administration/Supervision	[ add ]
School Mid-Management Administration	[ add ]
School Superintendent	[ add ]
School Supervision	[ add ]
School Supervisor	[ add ]
Secondary Education/Communication	[ add ]
Secondary School Administration	[ add ]
Secondary School Guidance	[ add ]
Small Business Management	[ add ]
Sociology/Business Administration	[ add ]
Supervision of Instruction	[ add ]
Teacher Education	[ add ]
Teaching	[ add ]
Teaching/Learning	[ add ]
Welding Management Technology	[ add ]

Institutions Offering Related Majors

No institutions found.