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How much power does the CEO of a large corporation really have? Identify and discuss the...

How much power does the CEO of a large corporation really have? Identify and discuss the potential power bases of any CEO with a team of ambitious executives in the background.

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Answer #1

Powers of Chief Executive Officer :

1. They can hire or fire employees on bases of various reasons such as not completing targets, inefficiency, fraud etc.

2. As all the top executives work inder the CEO, therefore they have power to makes changes in company logo, set product prices and approve the strategies formed by the executives.

3. They determine the direction of company as they are appointed by the board of directors of the company, therefore get full authority in decision making which are beneficial for company.

4. They deal with high level company strategy formation and its execution with the help of team of executives.

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