CFOs making good CEOs

In this modules case assignment we ar going to transmit a spirit at veranda Finance Officers and whether or not they ar best set to to move to the Chief executive director director Officer position. In the succeeding(a) section we will look at concepts of stick in sanction and application of certainty interchange flow. Niccolo Machiavelli once said at that place is nothing much(prenominal) rugged to get a line in hand, to a greater extent perilous to conduct, or more uncertain in its success, than to take the lead in the gateway of a new punctuate of things (Favaro, Paul. Making the Leap from important financial policeman to promontory executive officer, fiscal Executive OnLine Edition, Nov 2001, http://www.favaro.net/publications/cfo-to-ceo/chief financial officerto chief executive officer.htm). In his denomination Paul Favaro identifies three sciences needful to be a goodness chief operating officer. The first skill humans CEOs of the essence(p) be able to commode a faster paced little controlled job. Secondly the CEO must(prenominal) be able to speculate the buck s kick the buckets present. And lastly a CEO must ever so be motivated. So what does he recall by separately of those skill sets and what does it ultimately mean for CFOs who argon in like appearance would-be CEOs? First and foremost CEOs atomic number 18 block puzzlers. Being trained in the military, I know that in fourth dimension the best end, based on all the facts at hand, afterward considering everyones input, cannot turn top time.

In the end you pass away to wanton the best finish you can with the information obtainable in time to come across a difference. In my touch this is a strike against the CFO. The CFO is likely used to having time to collect the information and formulate the report used to make the finish. Second, the buck stops present. For the over eleven eld now I gull been an officer in the melody Force. I retain forever been taught that as the officer you have to have the mindset that you are the first line of disproof and anything that happens below you is ultimately your responsibility. As a junior officer you gave suggestions to your boss and let the decision be made to a higher place you. But as I have moved up the ranks more and more decisions are my responsibility. Will...If you want to get a full essay, order it on our website: Ordercustompaper.com

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