The term CO. HEADS refers to the two most important positions in a company, the Chief Executive Officer (CEO) and the Management (MGT). The CEO is responsible for the overall direction of the company and is the highest-ranking executive in the organization. The MGT is responsible for the day-to-day operations of the company and is typically the second-highest ranking executive. Together, these two positions are responsible for setting the vision and strategy of the company and ensuring that it is implemented.