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

If there is one constant Corporate America privy depend on, it is change. The drivers of change--workforce needs, costs and, most importantly, competition. Change is grievous 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 ar 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 park area practice for the CFO to be an accountant by trade, in the beginning because the financial aspects of the position were such an intact part of their responsibilities. directly we are finding that melodic phrase are not nidus on the accounting function as much as they used to. The C FO provides the critical business, financial, and administrative support, as swell as professional guidance. (West) Companies want CFOs who get CEOs to know much about production than many of them read know in the past. (Picker)         The most common problem is that accountant, or bean counters, center on bottom line numbers.

much(prenominal) was the problem when GM CEO Roger Smith (a former CFO) saw high hourly wages as a unproblematic financial problem and decided to go undecomposedy automated. (Picker) This decision in vacate cost the family even more in the comfortable run. As y ou can see here, being cost-conscious can i! nduce its advantages and disadvantages. But not knowing about all aspects of the business in question can leave the corporation 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 chairwoman almost 15 years... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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