Job titles are an essential part of a career. They give an identity to professional activity and outline the functions. Organizations have various job titles to facilitate operations and rank the employees on the organizational structure. Here, let’s know about the two job roles- C Level Vs Vice President.
C-level refers to executive ranks on the organizational structure. It holds senior leadership titles in the organization. The vice president of an organization is the deputy to the president. He is not a C-level official but assists the president, a C-level official. In this article, we shall review these two ranks.
Roles of C-Level Executives
The letter “c” in c-level denotes the word chief. The term chief in the corporate world refers to a top-ranking leader of a group. There are several top-ranking leaders in an organization with the title of a chief, such as chief executive officer, chief finance officer, and chief operations officer, among others. The following are some of the general roles and responsibilities of a chief officer:
Leadership
His responsibility is to lead a team under his area of specialization, such as human resources, finance, operations, technical, and information. He provides guidance on the course of action to follow. He determines the objectives and means of achieving these objectives.
Policy Making
He develops policies and procedures to govern the conduct of his team and guide them during challenges. He develops methods of performing work to meet set targets. It helps in managing risks and ensures compliance for the organization. It improves adherence to law and legislation. It enhances the adoption of rules and regulations.
Decision Making
He gathers adequate information to conclude. He develops a set of alternatives to solve a problem and selects the best one for implementation. He relies on information about a situation to m reliable decisions. He also involves the team members in the decision-making process to improve employee engagement and loyalty. He justifies the choices he makes concerning a given situation.
Resource Management
He identifies the resources required and sources of acquiring these resources for use by his team. He allocates the resources according to the team’s needs to perform their duties. He introduces checks and balances to prevent the misappropriation of resources. He monitors and evaluates the utilization of the resources.
Team Integration
He is the cohesive force within his team. He ensures proper interaction between his team members and employs mitigation measures when conflict arises. He nurtures harmony among his team members to prevent disunity, which can hurt the productivity and performance of the employees.
Networking
He creates relevant professional connections with stakeholders and the public. It enhances the organization’s visibility and gets support when challenges arise. The networks also act as sources of information and resources essential in running operations. The networks also improve the corporate image of the organization, which attracts clients and investors. It improves the profitability and revenue of the organization. It guarantees the going concern for the business entity.
Reporting
He conveys relevant information to his immediate supervisor for decision-making and taking action. He ensures proper preparation of documentation for use internally and externally by stakeholders. He also makes sure the organizational reports have factual data for reliable decision-making. He ensures accountability and transparency in the preparation and distribution of company reports.
Roles of a Vice President
Deputize President or CEO
He performs partial duties of his immediate supervisor in their absence. He provides updates to his supervisor concerning company operations and status. He also gives professional assistance to his immediate supervisor. He also offers advisory services to his supervisor when the need arises. He makes sure that his supervisor has the necessary support for decision-making and taking action.
Board Member
He attends the company board meetings and provides relevant reports concerning ongoing issues. He offers advisory services when the need arises. He also undertakes roles and responsibilities assigned to him by the board members. He participates in the decision-making and planning process.
Strategic Management
He assists in the development and implementation of the strategic plan. It includes the vision, mission, values, and objectives of the organization. He makes sure that senior managers and departments have aligned with the strategic goal. He assists in identifying ways of giving the organization a competitive advantage in the industry.
Budget Management
He reviews budgets that need approval from the various departments in the organization. He makes sure adherence with the checks and balances. He ensures observing all protocols in the preparation and submission of the budgets. He makes sure that the items in the budget do not over-commit the organization.
Performance Evaluation
He makes periodic reviews of senior managers and departments to establish their productivity levels. He identifies whether or not the teams are meeting their targets concerning the strategic plan. He makes sure specific departments and the organization as a whole remain profitable. He also establishes mitigation measures to improve performance in various departments.
Contracts Management
He reviews contracts issued to the organization before any approvals. He also checks contracts, which the organization issues to stakeholders. The steps prevent or minimize business risks for the organization. They ensure regulatory compliance and adherence to the law.
Business Development
He is concerned with acquiring more revenue and investments for the organization. He reviews business expansion opportunities for the organization. He works closely with the business development manager and his team to meet this target. He makes sure appropriate selection and implementation of business strategies.
Similarities between C-level and VP
Given the above roles, we can establish some similarities between the two officials in an organization. They both provide leadership and guidance to the teams. They are involved in the policy and decision-making processes in the organization. They both work closely with the board of directors to steer the organization in the desired direction. They also manage the resources and budgets of the various departments. They build networks with stakeholders and other organizations. They create cohesiveness and integration among the team members. They both review and approve business contracts before issuing or accepting.
Differences between C-level and VP
On the other side, the two officials differ in several duties and privileges. Chief Officers are high-ranking and senior executives in the organization, while the vice president is a deputy to one of the c-level executives. Chief Officers are in charge of a specific organizational niche while the VP is a generalist and has a broader coverage area. Chief Officers have the mandate to work independently while the VP requires approval from his supervisor.
Conclusion
There are various job titles in a corporation based on the organizational structure. C-level executives are high-ranking officers in an organization, while the VP of an organization deputizes his C-level supervisor, the president. His role is supportive and advisory to a certain extent.
Frequently Asked Questions
- Who is a Chief Officer of a corporation?
He is a senior executive leader. His responsibility is to make decisions and policies to steer employees in his specialization area.
- Who is a Vice President of a corporation?
He is the deputy to the president or chief executive officer. His responsibility is supportive and advisory.