Owners vs CEOs: Who takes the big decision?

UNLESS AND UNTIL CEO IS EXCLUSIVELY MANAGING THE SHOW WITHOUT ANY PARTICIPATION FROM THE OWNERS,CEO TAKES FINAL DECISION.WHEN SOMEONE FROM THE PROMOTER`S FAMILY INVOLVES IN BUSINESS,ON MOST OCCASIONS THEIR DECISIONS ARE IMPLEMENTED.LAW OF NATURE IS BIGGER FISH ALWAYS EATS THE SMALLER FISH.

No doubt Owners are the final decision makers of the organization ,.

Kirti I will agree partly with you since the owner probably have to look after his other companies and CEO is the person who is responsible for the bottom line hence CEO is responsible.

Take the case of wallmart or for that matter any Multi  National Company the majority stake holder is one person or for that matter he is the owner and in all countries there is a CEO who is responsible to take the decission since he will have to present the P&L to the board.

Owners is a main decision maker becouse they know better obout the aim and gole of company.

In large groups CEO has some independence as it is mostly the board that he/she reports to but in many small and medium sector companies especially in India, it means the owner decides when to hire and when to fire.

yes kritti,  it is the owners are decision makers. Mostly in Familiy controlled businesses, at times the ideas of the owners are pushed thro the CEOs irrespective of the reservation & consequences by the CEO. If ideas fails the CEO made as scape goat.

Yes Kritti as you rightly pointed out that the owners are the decision makers.  In most of the Family Controlled companies at times it happens that the owner's ideas r pushed thro the CEO & if it fails the CEO blamed for the failue & made as scape goat. Even though CEO is not comfortable with their ideas given market situation.

Those who invest the money call the shots in the REALLY big decisions.

This can occasionally become a tussle. If the organization has been "professionalized" the owners do and will listen to the advise of the professionals (such as recruited CEO) and allow the to run the organization.

With a good governance structure in place the owners make the critical decisions on the direction the company should take, the CEO in this case implements the strategic decision taken by the owners; However, there are exemplary CEO who tactically get the support of the owners and drive the vision of the company.

While the CEO of the company is responsible for day-to-day management of the enterprise, the owner reserves power of veto, since it is the owner's money, reputation and well-being that takes precedence over all matters. Every CEO worth his salt knows this and works accordingly.

CEO's , the very name means an instrument to execute orders to the Corporate system & many a time remain as advisor / ruler. It's all happen due to the interest that he wields. Where he is a boss there he is & pull the force together to achieve the out-put. Whereas the Boss(owner) remain, many a cases as financial advancer & a vision to go with. The vision is attained with the help of the CEO's & his team of members.This is something like Guru & King relation in our epics. They are complimenting each other's sphere of work.A good CEO is an Asset to the Owner & the Company.