The functional perspective
The CEO of a modern business does not hold a monopoly status on leadership in an organization. On the contrary: the more present leadership is throughout the organization, the better the CEO is doing his / her job. Every key function within the organization ought to have a very distinct leadership capability developed, if the company is to reach its maximum potential.
That being said, the ‘burden’ of leadership always falls on the chief executive, the one who is responsible for the ‘bottom line’.
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