What a COO Could Do For Your Company

In recent years, harsh social conditions have forced the modern work landscape to become revolutionized. With all these changes and restructuring attempts, certain roles can be changed around or gone entirely. In particular, the COO role has often been removed, only around 40% of leading companies. As for the rest, many second-in-command’s (2IC) have to step up and fill the role, without the title.

But what exactly does this COO role entail? Well, it varies based on the needs of the company stage, CEO needs, and strengths of the leadership team. For instance, they could be a mentor who teaches a less-experienced CEO or an executor who helps out with daily strategies. However, no matter the type of COO at the company, there are always 3 consistent attributes: Acuity, Organization, and Process/Structure.

Firstly, acuity refers to the COO’s ability to quickly grasp concepts and to multitask effectively. Organization refers to the ability to define priorities and to allocate the right amount of resources to achieve a goal. Finally, process/structure refers to the reducing complexity of processes, breaking down larger goals, and the ability to provide clarity to employees while maintaining consistency.

Along with the 3 attributes above, there is one more common factor amongst all COO’s: the ability to help the CEO. While you may not be able to see the benefits of a COO, the CEO can certainly feel the difference. In fact, CEO’s without a COO report feeling overwhelmed, getting too little done, and having no time to themselves.

There are also financial ramifications as well. Companies typically lose 20-30% annually to inefficiencies. Furthermore, supply chain disruptions, losing top performers, and worker shortages are all factors that can limit a company’s revenues. These, in combination with time wasted on daily operational activities and a chaotic work environment, can severely limit the efficacy of any company.

Fortunately, there are ways to empower your organization’s 2IC or COO. COO Coaching can provide coaching that can improve clarity and accountability while accelerating results and keeping the company focused on its mission. They can even pair their  coaching services with catipult.ai to help use cutting-edge technology to improve your COO and business.

Overall, the benefits of the COO are undeniable. In fact, COO’s have garnered even more attention since 2018, rising up to 16%. Partnering up with a coaching company like Diane Integrates helps to make the most of your business.