The Changing Role of the COO
Is the Chief Operating Officer Headed for Transformation or Extinction?
Although some studies suggest that the COO position is being eliminated, this new study by The Conference Board reveals, instead, that the role is evolving, based on a company's situation. The responsibilities of the COO position have gradually changed from oversight of a company's line of business to becoming more contingent on senior management's needs for the company at a specific point in time and the CEO's corporate leadership design preferences. This report includes a description of the environments that contribute to the role change; ways in which the COO role is being redefined, including three design options for roles of the C-suite; a three-step analysis companies can use to determine whether they need a COO; and two case studies.
- The Changing Responsibilities of The COO
- The COO Role Becomes Situational
- Redefining the Role of the COO
- Do You Need a COO?
- The Key Challenge of the CEO–COO Relationship
- Conclusion: What's the Bottom Line?
- Company Examples:
- E.I. du Pont de Nemours and Company
- Company X