Know the Differences in the Functions of CEO and Owner

In the business world there are many terms used, not only in operational terms. Even the term of office. One of them is the term CEO and owner. Do you know the difference between CEO and owner?

Owner of and CEO are two fairly high positions in a company. Usually the use of the word CEO is also synonymous with startup. Whereas, owner fill business company corporate.

If, you are still confused about the difference between CEO and owner, the following article will give you the explanation you need.

Difference between CEO and Owner of

CEO or chief executive officer is the highest position in a company whose job is to supervise and lead the company to success.

As mentioned above, the term CEO is indeed well-known in startups or startup. Meanwhile, in Indonesia the use of the word chief executive replaced by the term President Director or also the president director.

Apart from supervising the company, the CEO also has other major roles such as leading the company, representing the company's public image, setting the company's strategic direction, and also ensuring that the company's budget funds are always available in the bank.

Meanwhile, quoted from Huntclub, owner is an individual who starts a company and builds it from the planning stage to making a profit. A owner has extensive knowledge related to marketing and products from the business he developed.

According to the definition, owner or the business owner has an opportunity to own his business 100% if the owner is sole. However, if a business is founded with the help of another partner, then that partner becomes a co-owner.

An owner can serve as well as a CEO, this often happens if the business developed is not too big and the company has not been able to recruit a CEO. 

So that owner or the owner could be the CEO. However, a CEO is not necessarily the owner of the company, because the CEO can be recruited from an employee of the company and given the responsibility to oversee the company.

Role owner in a company

Apart from being the owner or originator of the business he developed, it turns out that the owner also has other roles.

If the CEO has a big role in maintaining the company's image, this is no longer the case for owners who have recruited chief executive for his business. 

The owner's responsibilities are also usually unwritten, and even their roles are uncertain. However, for sure owner will help oversee the CEO, operations, to human resources. However, this supervision will be carried out with the CEO.

Then, owner will also build the vision and mission of a company in accordance with the standards and industry. If, there is a business loss as well, the owner will be responsible.

Difference between CEO and owner This is actually also very visible and you can easily tell the difference even though the two positions have a high role in the company.