POSITIONS OF POWER: CFO VS. CEO "Are CFO's qualified for CEO positions?"

If there is one constant Corporate America can depend on, it is change. The drivers of change--workforce needs, costs and, most importantly, competition. Change is profound for everyone, especially at the descent aspect. The increasing responsibilities of Chief fiscal Officers (CFOs) and Chief Executive Officers (CEOs) require us to look beyond the normal responsibilities and consider how the forces behind these driving changes argon do each. Lately we are seeing that companies are looking at hiring or transferring CFOs into CEO positions. But the question we ask ourselves is do CFOs experience the insight and foresight to handle the position?         It has been lay area practice for the CFO to be an accountant by trade, in the beginning because the financial aspects of the position were such an organic part of their responsibilities. directly we are finding that vexation are not nidus on the accounting function as much as they used to. The CFO p rovides the critical business, financial, and administrative support, as swell as professional guidance. (West) Companies want CFOs who proceed CEOs to know much about production than many of them pull in know in the past. (Picker)         The most common problem is that accountant, or bean counters, center on bottom line numbers.

such was the problem when GM CEO Roger Smith (a former CFO) aphorism high hourly wages as a principal(a) financial problem and decided to go undecomposedy automated. (Picker) This decision in vacate cost the family even more in the comfortable run. As you ca n see here, being cost-conscious can call f! or its advantages and disadvantages. But not knowing about all aspects of the business in question can leave the order in ruin. This is not to say that all CFOs cannot turn a company around to be a Fortune 500 contender. When Wayne Calloway became PepsiCos president almost 15 years... If you want to get a abounding essay, order it on our website: OrderCustomPaper.com

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