While no role clearly outshines others in terms of employer demand, more and more companies are reorganizing around supply chain management (as opposed to logistics or materials), so supply chain manager roles are becoming more prevalent. Candidates will find many opportunities in the health-care sector, the country’s largest industry, which is experiencing explosive growth. Also look for opportunities in burgeoning subsectors such as specialty pharmaceuticals, biotechnology, and medical device manufacturing. ADDITIONAL RESOURCES Council of Supply Chain Management Professionals () Institute for Supply Management () Supply-Chain Council () TOP-TIER MANAGEMENT CAREER OVERVIEW Top-tier managers, also known as “executives,” or “the executive team,” run a company’s business. They include the chief executive officer (CEO), chief operating officer (COO), president, and others. Their knowledge about an industry and their ability to provide direction can mean the difference between an organization’s success and failure. They’re involved in planning and policy- making at almost every level, including both the long- term strategy and its day-to-day execution. Execs decide what products to produce, which markets to go after, and the company’s general philosophy. They’re also expected to raise money, keep a company profitable, and answer to shareholders. In addition, the executive teams also needs to be its company’s biggest advocates. They communicate the value of their organizations to the outside world. Employees, strategic partners, shareholders, and even a company’s chairperson rely on the senior management team to promote the company’s interests at every turn. Execs give their subordinates a reason to want to work for them. They instill a sense of pride in shareholders. Company executives tell the press why people should care about their products, marketing strategy, and goals. Without their guidance, a company could flounder. They bring a measure of order and purpose to their organizations. Small businesses and startups often have limited management teams. The founders, who take on the titles of CEO and president, typically lead such companies. As a company grows and departmentalizes, the top-tier management function is divided into a family of positions. While the CEO and president remain committed to the overall mission of the organization, other positions have more specialized responsibilities. Some examples are the COO, chief financial officer (CFO), chief technical officer (CTO), and general manager
118 WETFEET INSIDER GUIDE Industries and Careers for MBAs CAREERS INDUSTRIES INTRODUCTION (GM). Underneath them are department heads who run specific areas of an organization, such as marketing or human resources. They in turn hire and oversee managers who handle the day-to-day supervision of lower-level employees.
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- Fall '14