COO Abbreviation

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Popular abbreviations of COO:

Searching for COO abbreviation / COO full form leads to different results in different categories. The below table illustrates the popular acronyms among them.

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What does COO mean?

COO stands for Chief Operating Officer. COO is a higher rank position in an organization or company. The COO is a part of the C-suite and second-highest person in an organization after the CEO (Chief Executive Officer). COO handles the day-to-day activities in the office, including the management of the office and its building. A COO must have high qualifications, good communication skills, vision, and leadership qualities.

Responsibilities of COO

Establishment good working relation

The COO must establish a close working relationship with the company’s CEO and board of directors. He must be aware that, in most cases, the COO is the successor of the CEO. He has to act as a team leader, lead his team to better organizational operations, and create more value for the company’s stakeholders.

Monitor the operations of the company:

The COO is responsible for forming the strategies for achieving the company’s goals and setting appreciation and rewards to encourage the employees. He must plan according to the requirements of customers, employees, and the organization. He has to monitor and motivate the employees and kept checking the company’s overall work.

Look after budget and accounts:

The financial operations have to be looked after by the COO, and he can make high-level financial decisions for the company and the CEO. The company’s financial department has to report to the COO about the company’s financial status.

Implementation of the company’s business plan:

The COO carries out the business plan of the company. The company’s business plan is a predefined document that talks about the goals and other plans of the company. COO can plan and execute different strategies to achieve the business plan.

Hiring and staffing in the company:

All the work done under human resources regarding hiring and staffing is monitored by the COO of the company. The COO can set some standards and guidelines in the company’s hiring policy. The company’s human resource manager must report to the COO about all the monthly hiring, vacancies, and resignations.