What responsibilities does the Chief Executive have?

The role of the Chief Executive is primarily centered around making major decisions and managing the daily operations of the organization. This encompasses a range of responsibilities, including setting strategic direction, ensuring the company meets its goals, and implementing policies formulated by the board. The Chief Executive also has the authority to allocate resources, manage personnel, and drive the operational aspects of the business to ensure efficiency and effectiveness.

While advising the board, overseeing financial performance, and creating the company’s vision are important aspects of a Chief Executive's responsibilities, they are often secondary to the primary functions of decision-making and operational management. For instance, advising the board on policy is typically a part of the role but supports the broader responsibility of managing the company. Similarly, overseeing financial performance is an important aspect but falls under the larger umbrella of overall operational management. Creating the company's vision is also crucial; however, it is often developed in collaboration with the board and is part of the leadership responsibilities rather than the sole focus of the Chief Executive's role. Thus, the correct answer reflects the comprehensive scope of responsibilities that encompass major decision-making and management of operations.