The term "사장" (President) in a business context refers to the highest-ranking executive in a company. This individual is responsible for making major corporate decisions, managing overall operations, and acting as the main point of communication between the board of directors and corporate operations. The president often represents the company in public and is crucial in setting the strategic direction. In many organizations, the role of the 사장 may overlap with that of a CEO (Chief Executive Officer). The president typically oversees various departments, ensuring that the company's goals are met efficiently. This position requires strong leadership skills and a deep understanding of the industry in which the company operates.