I had a long discussion with a friend of mine about business the other day. It seems there are lots of layers to management in business, actually rather similar to that in the west, but the titles are a bit different.
Here are some of the more often used terms, especially used in movies originating from America:
CEO — Chief Executive Officer. This person is the «big boss», they are the head of the management team and usually have to report to a Board of Directors. They are responsible for making all the big decisions, they get the big salary but are also at risk of getting fired if things don’t work out.
COO — Chief Operating Officer. Not all businesses have one but this person takes control of the day to day operations in a business. They could be seen as the person who is «second in charge» in the business — we often say 2IC, second in command.
CFO — Chief Financial Officer. A very important role, this person is responsible for the financial aspect of the business. This is a strange position as they report to the CEO, but they could also sit on the Board of Directors. I think this is an interesting situation as you are sometimes your boss’s boss... Well, almost.
CIO — Chief Information Officer. Yes, you guessed correctly, this person is in command of information technology BUT, please do not confuse this with the CTO. The Chief Technology Officer who is responsible for scientific and technological issues. The CIO is responsible for information accessibility and managing integrated systems.
There are many more abbreviations used in business, my head is spinning from all these acronyms, I prefer working with people, but... I sometimes wish I could earn their salaries for a year or two.
There is also a lot of business specific topics and language, unique to each industry. If you are looking for English lessons in this area, search for English for Specific Purpose courses!
Happy speaking, stay warm folks, I need to take my meatloaf out of the oven...
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