The COO’s biggest challenge is a multifaceted issue that involves all aspects of the business. It starts with setting a strategy and making sure the right resources are in place to achieve it, while also tracking progress and adjusting direction as needed. The COO must monitor operations to ensure they are cost-effective and efficient, while continuously monitoring the competitive landscape to identify threats and opportunities. This also includes managing financials and understanding the legal and regulatory framework the company operates within. In addition, the COO must build strong relationships with stakeholders, customers and partners to secure those relationships for long-term success. All of these responsibilities require foresight, an eye for detail, and exemplary leadership skills – which is why the COO’s biggest challenge is staying ahead of the curve.