How a COO Can Improve Your Business

Successful businesses often have a CEO at the helm to guide them to triumph. However, the role of the COO cannot be understated in supporting the CEO. COO’s are able to complement the CEO’s skills, mentor a younger CEO, or execute strategies on behalf of the CEO. Unfortunately, only around 40% of the world’s leading companies have an official COO.

Without a COO to ensure a business runs smoothly, CEO’s report feeling overwhelmed, like they aren’t getting enough done, and having no personal time. On top of that, CEO’s are forced to handle daily operations more frequently. As a result, they only spend 33% of their time with long-term planning and spend more time managing people rather than growing them. All these inefficiencies can lead to as much as 30% of annual revenue being lost.

Fortunately, companies have emerged to help companies to take advantage of the benefits COO’s can bring. Diane Integrates, for example, can connect you to potential COO candidates and perform COO coaching. By tailoring your COO to your business, companies can see individual, team, and organizational performance by up to 788%. To help your CEO and your business, a COO is a wise addition to any business.