What Is a Vice President's Role?
The VP is a Senior Officer in an Organization
The vice president is an employee who is an officer of an organization in the private sector (business) or the public sector who reports to (is below) the president or the CEO, and usually functions as the second in command in rank within the organization. According to Wikipedia, the name comes from the Latin vice meaning “in place of'.”
The vice president serves as the second or third employee who is in charge of the overall business, organization, agency, institution, union, university, government, or branch of government. Vice President is also a title used to designate the leader of portions of the organization or functions within organizations.
These functional areas are often called departments, to use the HR department as an example, so the individual's title would be vice president of Human Resources. Vice presidents, depending on the size of the organization, can head up each department as in vice president of marketing, vice president of computer sciences, vice president of finance, customer service, purchasing, or community affairs, and so on.
A vice president may also head up divisions of organizations that report to an overall organization, such as an acquired company that is now a subsidiary of a larger corporation.
In organizations such as banks, that deal closely with the public or in sales functions, the job title, vice president, is often conferred to obtain customer comfort and support. The public assigns a certain level of importance to a VP title and customers feel important when they are served by a VP.
Vendors, too, like the assurance of knowing that they are dealing directly with an individual who has the power and authority to purchase and make commitments on behalf of the company.
In large organizations, vice presidents may have ranking titles. The executive VP is the highest level vice president followed by senior vice presidents, VP, assistant VP, and associate VP. All are management level positions with responsibilities that vary from company to company.
The number of VPs and their job responsibilities vary considerably from company to company with smaller organizations having fewer VPs. Whereas, larger organizations have many layers of executive leadership at the VP level.
Responsibilities of a Vice President
The responsibilities of a vice president can closely mirror those of a president as the VP heads up a department, capacity or function, a portion of the organization.
In cases where the vice president serves as the second in command to the president with responsibilities over a total organization, the VP may lead particular goals or hold leadership roles within all of the strategic goals of the organization. He or she may also serve as the president’s backup where designated.
As an officer in an organization, the VP can sign contracts and speak for the company so the title of VP is respected and comes with serious, official responsibilities.
These are the specific, typical responsibilities of a vice president.
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Also Known As: VP, Veep