The senior manager who is responsible for managing the company's day-to-day operations and reporting them to the chief executive officer (CEO). COCO definition / COCO means? Harvard Business Publishing is an affiliate of Harvard Business School. Sometimes, the CEO is simply the kind of person who works best with a partner. We had each other’s undivided attention via telephone starting at 4:00, virtually every single Sunday for five years.” Another CEO we interviewed admitted an early mistake: locating his new COO’s office in a separate building, thereby failing to capitalize on the rich communication afforded by physical proximity. Maynard Webb, COO at eBay, described for us the difference between his own technology background and that of his predecessor: “The first COO, Brian Swette, had a job that was nothing like my job….Brian was a sales and marketing guy. But the demands of managing an $8 billion vertically integrated disk drive business are substantial. It also includes two additional sections specific to the document: At Seagate Technology, for example, CEO Bill Watkins relies on COO David Wickersham to keep the business performing at its peak. Larry Ellison hired Lane from consultancy Booz Allen Hamilton and tasked him with turning around the deeply troubled sales and marketing organizations. abbreviation for chief operating officer: the manager in an organization who is responsible for how the whole organization is run: Most recently , he was COO of IFS Engineering. The company, in Leonard’s words, was “running on fumes” and needed dramatic efforts to stave off bankruptcy. A centrist? $554,850. Find. The COO is also called the Executive Vice President of Operations or the Director of Operations. COO definition / COO means? The meaning of the COCO is also explained earlier. The COO meaning is Chief Operations Officer. But the lines of responsibility were still respected. Often, companies turn responsibility for all areas of operations over to the COO—this typically includes production, marketing and sales, and research and development. There may be more than one meaning of COO, so check it out all meanings of COO one by one. 1001 to 5000 employees. In many cases, the primary reason to establish a COO position is to groom—or test—a company’s CEO-elect. While the mandate is not as broad as the general execution of strategy, the magnitude of the challenge demands that the change-agent COO have a degree of unquestioned authority similar to that of an executor COO. Get the top COA abbreviation related to Business. And when Norfolk Southern appointed Charles Moorman as second in command, the transportation company touted him as the heir, continuing its avowed “practice of picking an executive young enough to lead the company for at least a decade.”. The Hambrick and Cannella study, for example, found a 22% decline over ten years in the number of firms with executives holding that title. Our research since then has put a finer point on the difference. The COO may step in to take on the CEO's role when he is absent, and so the COO should have a thorough understanding of the firm's overall operations. A COO, or Chief Operations Officer, oversees a company’s business operations and reports to the CEO. CEO Watkins is clearly oriented with his “head up” to understand success in the future, whereas COO Wickersham has his “head down,” focused on the operational details necessary for success today. Recent examples of firms using the COO position to develop the successor to the CEO include Continental Airlines, where CEO Gordon Bethune (who himself originally joined the airline as COO) recently passed the torch to his COO, Larry Kellner. How can a title accommodate such diversity and still be meaningful? Trust comes from meeting obligations on both sides: The COO must truly support the CEO’s vision; keep ego in check; and exhibit strong execution, coaching, and coordination skills. coo. Chief Operating Officer (COO) Understanding a Chief Operating Officer (COO). This is the second-in-command to the CEO. The Chief Operations Officer or COO, on the other hand, is a position that also holds a tremendous amount of responsibility. Job Highlights. Google COO. Put another way, is the COO part of the problem or part of the solution? In some corporations, the COO is also known as the Executive Vice President of Operations. Looking for the definition of COO? Kevin Sharer, who was COO at Amgen before he became CEO, lays heavy emphasis on this point. Chief operating officers, by virtue of their inherent talents and their organizational position, are highly visible and powerful. Even where studies have been done, it’s often impossible to draw useful lessons from them. Export COO abbreviation meaning defined here. If you're looking for the business or finance term that COO stands for, you've come to the right place. Coo definition: When a dove or pigeon coos , it makes the soft sounds that doves and pigeons typically... | Meaning, pronunciation, translations and examples People with very different backgrounds ascend to the role and succeed in it. In light of these trends, it’s surprising that COOs are not more common. You have the functional people that you work with, and that team performs against a mission, and it is an exciting experience.” The COO job, by contrast, requires an individual who “can step out of doing day-to-day, hands-on directing and leading of a business, and direct and teach and coach others.” Again, regardless of which of the seven roles a COO plays, the CEO must be able to trust that these skills are in place. Ask anyone who has worked as or alongside a COO—the job is demanding. While there is a general sense that COOs are most prevalent in operations-intensive businesses, they appear in every kind of company, and every sector also features firms without them. A Certificate of Origin (CoO) is a document that evidences that the goods in your export shipment were produced, manufactured, or processed in a particular country. Even COOs who are not primarily playing the executor role should have an execution mind-set and a bias toward action. Wendell Weeks, who rose from COO to CEO at Corning, referred to the need for a “true partnership, in every sense of the word.” The trust has to be absolute, he said, “because there are those in the organization who are always seeking to drive wedges if they can.” Other executives specifically used the metaphor of having one another’s back. Ed Zander, now CEO of Motorola, previously served as COO of Sun Microsystems under Scott McNealy. Find out what is the full meaning of COO on! It’s like cool excepts better. 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