In modern businesses, there is a COO, or second-in-command, alongside every CEO. While the CEO is at the helm of the business, the job of the COO is to make the CEO’s operation as smooth as possible. Unfortunately, nearly three-fifths of the world’s leading companies currently operate without a COO. However, this absence of a COO has consequences on every level of a business.
Without a proper COO, CEO’s report feeling overwhelmed, spending time in energy-draining areas, and having no personal time. This also translates to operations as well. CEO’s spend time managing people rather than growing them, and only spending one-third of their time strategically planning. All these inefficiencies, from both the CEO and employees under them, culminate in over 20% of revenues lost annually.
Fortunately, companies have arisen to help businesses bridge the gap to cover these holes. Diane Integrates and their COO coaching, for example, helps you to select the right COO for the job and trains them based on your specific business. Not only that, but they also connect you to Catipult AI to help streamline meetings and reports as well. So, if you want to take advantage of an ROI increase up to 788%, making sure you have the right COO is paramount for your business.
Source: Diane Integrates