The CEO is responsible for the success or failure of the organization, overseeing the entire operation at a high level. The CEO implements plans and policies to ensure the successful management of the business and sets future strategies. The CEO hires the other executives in the C-suite and can fire those who do not perform to set standards. As such, the CEO is the boss of all the other executives. In the past, CIO title is given to the individual tasked with running the organization's information systems. Now, these roles are increasingly used to describe different functions and roles. The CIO is usually the executive who manages research and development, oversees the development of technologies into products and services, and ensures that all IT initiatives are aligned with business goals.