XYZ Corporation operates in a diverse range of industries, including fashion, lifestyle products, furniture, real estate, and electrical goods. The…

The role of Chief Executive Officer pertains to corporate level. The corporate level of management consists of the Chief Executive Officer (CEO) and other top-level executives. These individuals occupy the apex of decision making within the organization. The role of Chief Executive Officer is to: 1. oversee the development of strategies for the whole organization; 2. defining the mission and goals of the organization; 3. determining what businesses, it should be in; 4. allocating resources among the different businesses; 5. formulating, and implementing strategies that span individual businesses; 6. providing leadership for the organization; 7. ensuring that the corporate and business level strategies which company pursues are consistent with maximizing shareholders wealth; and 8. managing the divestment and acquisition process.