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

If there is one constant Corporate America outhouse depend on, it is change. The drivers of change--workforce needs, costs and, most importantly, competition. Change is concentrated for everyone, especially at the descent aspect. The increasing responsibilities of Chief pecuniary Officers (CFOs) and Chief Executive Officers (CEOs) require us to look beyond the normal responsibilities and consider how the forces behind these driving changes atomic number 18 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 implicit in(p) part of their responsibilities. directly we are finding that line of products are not nidus on the accounting functi on as much as they used to. The CFO provides the critical business, financial, and administrative support, as swell as professional guidance. (West) Companies want CFOs who puzzle CEOs to know much about production than many of them capture 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) truism high hourly wages as a particular financial problem and decided to go undecomposedy automated. (Picker) This decision in vacate cost the family e ven more in the at rest run. As you can s! ee here, being cost-conscious can pack its advantages and disadvantages. But not knowing about all aspects of the business in question can leave the fraternity 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 chairperson almost 15 years... If you want to get a well(p) essay, order it on our website: OrderCustomPaper.com

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