Introduction 

A chief executive is an individual who manages an organization’s funds and goals. A chief executive’s responsibility varies depending on the company’s status, such as being the largest company or a small company. Humans play a big role in the field of cybersecurity. Professionals need to manage tasks carefully. Therefore, the procedure I would take to promote the growth of my organization is to focus on the balance of tradeoffs in training and technology. I would also learn how to efficiently allocate the organization’s funds.

Balance the tradeoff between training and technology

I would balance the tradeoff between training and additional cybersecurity technology by analyzing the goals of the company. For example, I would evaluate if the cybersecurity technology that is installed in our system is updated for modern security problems. As a chief executive, I would teach employees to decipher malicious emails within the system. I also think responsibly allocating limited funds can resolve this issue by making sure the company has funds for different departments that correlate to the organization. Balancing the tradeoff between training and additional cybersecurity technology is difficult but important for the business aspect of a company (Robinson, Seth, 2019).

Allocate limited funds

A chief executive officer needs to acknowledge the importance of managing the budget of an organization. I believe that there are many methods to use to precisely conduct funds that include the use of traditional methods and technology. I would allocate my limited funds by investing in organic growth or stocks, merging with a trustworthy business, and distributing the money equitably into tasks (Saalmuller, Lauren, 2022). I would manage my limited budget by implementing records of the whereabouts of my funds on a secure website and filing the information using the traditional method. A mixture of these ways to distribute my limited funds would promote growth for my organization.

Reasoning 

The chief executive of an organization makes a lot of decisions for the company. The organization’s leader needs to have reasoning behind the choices. I would distribute my funds by investing, working with a trustworthy business, and distributing the money based on need (Saalmuller, Lauren, 2022). I think saving or investing a minimum wage in the organization’s budget into organic growth or stocks Organic growth refers to an establishment distributing merchandise to new departments using the organization’s resources, which can help promote business to consumers and increase the company’s funds (Saalmuller, Lauren, 2022).

I also think that working with a trustworthy business helps increase my limited funds. This can influence the growth of both institutions. I believe that this method can be risky. Therefore, I would make sure that there is a clear agreement between the organizations, and I would set a small budget for working with the other organization. Allocating a specific budget to a project based on the standpoint of the project can assist me in handling the overall budget. I think securely storing my information using technology and the traditional method would ensure safety. If an individual hacks into the organization’s system, my organization can use traditional methods to identify the information in the system that has been breached.

Conclusion

Many responsibilities are associated with the role of a chief executive. A chief executive needs to make smart decisions for the organization. Therefore, I made decisions that will enhance the corporation’s status while still allocating funds. Organizations should recognize that there are more components to a company than technology. Sometimes the security tools are the humans that work for the company. Hence, the leader of the organization should be responsible, patient, and smart to be able to balance the tradeoff between training and additional cybersecurity technology and allocate limited funds to the organization.