Business

Netflix to rely on Microsoft for its ad-backed video service

Netflix has picked Microsoft to help deliver the commercials in a cheaper version of its video streaming service expected to launch later this year with a pledge to minimize the intrusions into personal privacy that often ...

Energy & Green Tech

Federal utility seeks proposals for big carbon-free push

The nation's largest public utility is seeking proposals for what would be one of the biggest recent swings at adding carbon-free electricity in the U.S., laying out a mix-and-match of possibilities Tuesday that range from ...

Business

Sheryl Sandberg, long Facebook's No. 2 exec, steps down

Sheryl Sandberg, the No. 2 executive at Facebook owner Meta, who helped turn its business from startup to digital advertising empire while also taking blame for some of its biggest missteps, is stepping down.

Automotive

Chip shortage puts a brake on auto industry

Initially downplayed by auto industry bosses, the global shortage of computer chips has worsened and severely hampered carmakers, according to their latest results.

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Chief operating officer

A chief operating officer or chief operations officer (COO) is a corporate officer responsible for managing the day-to-day activities of the corporation and for operations management (OM). The COO is one of the highest-ranking members of an organization's senior management, monitoring the daily operations of the company and reporting to the board of directors and the top executive officer, usually the chief executive officer (CEO). The COO is usually an executive or senior officer.

The focus of the COO is on operations management, which means he is responsible for the development, design, operation, and improvement of the systems that create and deliver the firm's products/services. The duties of the COO may reside in certain organizations with a vice president of operations. The COO is responsible for ensuring that business operations are efficient and effective and that proper management of resources, distribution of goods and services to customers, and analysis of queue systems is done.

COOs ideally need to have domain knowledge of the business & industry, understand modern management theories (Total Quality Management, Kaizen), employ process/quality improvement techniques (business process reengineering, Six Sigma) and sometimes quality process standards if required by customers or desired by the company (ISO 9001).

Functions of a COO:

This text uses material from Wikipedia, licensed under CC BY-SA