Scott Tominaga Briefly Mentions the Responsibilities of a Chief Operating Officer

Chief Operating Officer or COO can be considered to be a second-in-command at a company. Experienced COOs like Scott Tominaga ideally design and implement business operation, establish policies that aids in promoting company vision and culture, as well as oversees operations of the firm and the work of its executives. A skilled and knowledgeable Chief Operating Officer can make a huge difference in the bottom line of a firm.

Chief Operating Officer is the member of executive management at a company. They would be responsible for maintaining and driving operational results within the firm. COO works closely with both the CFO and the CEO. They may also collaborate with other executive management team members. COO is among the most critical and essential positions within an organization, as they are tasked with multiple important responsibilities. Here are a few of them:

  • Provide management to leadership and staff of the organization, and make sure that it aligns with the business plan and overall strategic vision of the company
  • Aid the executive team members in creating, growing and building a truly world, class, industry leading company
  • Drive results from both financial and operational perspective, while working closely with the SEO, CFO and other important executive team members
  • Partner with CFOs for achieving favorable financial results for the company, with respect to cash flow, profitability, sales, systems, reporting and controls, as well as mergers and acquisitions
  • Set realistic and challenging goals for performance, profitability and growth
  • Develop efficient measurement tools for gauging the efficiency of both external and internal processes
  • Offer timely and accurate reports that outline the operational condition of the firm
  • Spearhead the communication, development and implementation of discerning efficient growth strategies and processes
  • Work alongside other c-level executives on forecasting, budgeting and resource allocation programs
  • Work with the senior management for the purpose of creating and rolling out plans meant for operational processes
  • Work closely with senior management team to create, implement and roll out plans for operational processes, internal infrastructures, reporting systems and company policies all designed to foster growth, profitably and efficiencies within the company
  • Encourage and motivate employees at all levels
  • Develop strategic relationships and partnerships with banks, investors, clients and various other professional business relationships
  • Work with CFO and CEO in the process of capital raising and take part in the events of the company
  • Meet and interact with potential investors and private equity firms, and present information efficiently to them
  • Foster an environment that is positive, growth oriented and encouraging, while also keeping the management and employees accountable for company guidelines, procedures and policies

COOs like Scott Tominaga ideally work on establishing policies that promote company culture and vision, as well as overseeing operations of the company and the work of executives They tend to be a key member of the senior management team, reporting only to the CEO. More details on their role can always be found online.