4 October2022Editor NoteNews-Age Corporate Roles for New-Age Businesses The business landscape across the globe is heating up and the competition is on. With digitization redefining the way businesses function, corporate requirements have evolved too. The industry has addressed this evolution by creating new-age roles and designations that can support the various new-founds needs of a modern business. One such role is that of Chief Business Officer. A multi-faceted role, a CBO one of the top operating executives within a business how is tasked with strengthening commercial companies. Essentially a CBO leads all deal making activities within an organization and upholds the ultimate transactional responsibility.Any organization has several corporate and business development activities ongoing at any given time. It is the CBO who is responsible for leading such endeavors. He/she must also uphold relationship and project management of all partnership agreements. Other than that they are tasked with ensuring efficient marketing activities and must take charge of ensuring result oriented business activities. A CBO is most required for organization that have achieved substantial success and have on boarded ample users or customers. Firms that have raised capital also require the guidance of an astute CBO to ensure that the raised funds can be best utilized for future expansion. He/she must lead all business scale up activities and work towards improving revenue generation. If HR leaders and VCs are to be believed the CBO is one of the most sought after roles in today's times. Reports suggest that more and more startups are now looking to onboard CBOs as compared to chief operating officers and chief marketing officers. Studies predict that there has been a 40-50 percent increase in hiring for CBOs across new age companies. In the current edition of Women Entrepreneur India, we introduce you to a few such stellar professionals who are functioning in their roles as CBOs. These women are leading their respective organizations from the front and are ensuring that these businesses can scale-up to the best of their abilities. Do read on and let us know your thoughts. Rachita SharmaManaging Editor
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