At the helm of every business is a CEO, and the business helps support the CEO. But directly below the CEO is the COO, or the second-in-command depending on a business’s structure. But how can the COO role help to benefit the business as well?
Oftentimes, a COO helps to complement a CEO’s needs and leadership team strengths. However, their full job description is much larger. COO’s handle worker shortages, supply chain disruptions, and managing a chaotic work environment. A missing COO also has a heavy implicit cost as well. Without a COO to do the job, CEO’s in energy-draining areas and spend time managing people rather than growing them. This includes spending only 33% of time on strategic planning and losing 20 to 30% of annual revenues as well.
Fortunately, companies like Diane Integrates help to bridge the gap. They help you select the best COO candidates, and coaches them to make them perfectly fit your situation. With proper COO coaching, your second-in-command can improve clarity, keep the whole company focused, and accelerate results for your business. Statistically, this coaching can increase individual performance, team performance, and organizational performance by 70%, 50%, and 48% respectively. If you want to take your business to the next level, getting a COO is undoubtedly the best way to see success.