Define COO

Learn about the role and responsibilities of a Chief Operating Officer (COO) in leading companies to success. Explore examples, case studies, and statistics.

What is a COO?

A Chief Operating Officer (COO) is a high-ranking executive responsible for overseeing the day-to-day operations of a company. The COO is often the second-in-command after the CEO and plays a crucial role in implementing the company’s strategies and ensuring operational efficiency.

Roles and Responsibilities

1. Strategic Planning: The COO works closely with the CEO to develop and execute the company’s strategic goals and objectives.

2. Operational Oversight: The COO is responsible for managing the company’s daily operations, including production, logistics, and supply chain management.

3. Performance Monitoring: The COO monitors key performance indicators to ensure the company is meeting its goals and targets.

Examples of COOs

  • Sheryl Sandberg – COO of Facebook
  • Tim Cook – COO of Apple
  • Marissa Mayer – Former COO of Yahoo

Case Studies

One notable case is the appointment of Tim Cook as COO of Apple in 2007. Cook played a crucial role in managing Apple’s supply chain and operations, which contributed to the company’s success under Steve Jobs’ leadership.

Statistics

According to a study by Spencer Stuart, the average tenure of a COO in a Fortune 500 company is around 4.7 years.

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