Sample Essay
A CEO is part of the senior management committee in a company, and specific to a Venture Business Office, he plays a vital role of guiding the venture development, establishment and the venture launch. In a Venture Business Office the CEO is supported to be an innovator and the figurehead who in the position of leadership gives the go ahead for innovative ideas which are used to jump start the organization into a growing business. The VBO is structurally under the CFO, but the CEO supervises and direct the specific investment, strategy development and planning of the business in term of long term positing and operations. The CEO is ultimately responsible for the activities undertaken in the VBO
An MD of the Venture Business Office is akin to the CEO, who plays the role of being the strategy developer for the operations of the VBO. The MD, therefore has the crucial responsibility of running the VBO. Therefore the MD for the VBO should be one of the senior, or high end middle management to is savvy, knows the company inside out and has excellent negotiating and interpersonal skills. However if such a person is not available in the company, a MD for the VBO can be sought from outside the company as well. In this case the experience and the leadership qualities of the candidate are taken into account as well as the specific projects that he/ she might have managed or run on an independent basis.
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