The Cfo

THE chief financial officer http://info.umuc.edu/acct-fin/fm-syll/fin660/e-cfo-notes/ecfowk1.htm THE chief financial officerS economic consumption IN THE AGE OF E-BUSINESS INTRODUCTION Our segmentation discussions entrust center on on the chief financial officers stead in transforming an organization into a value-conscious enterprise, capable of generating significant sh atomic number 18holder wealth through the use of enhanced decision bond and optimized operations. The case examples presented in the chief financial officer text (CFO:Architect of the kind of a littles Future, PWC, 1999) illustrate the challenges faced by a CFO when leading the change necessary to pull in such a bodily value-based prudenceperspective in an organization. Most of the examples quest tralatitious brick and howitzer companies, with relatively conventional supply chains, exploitation common modes of serve well and product delivery, and operating indoors well-defined organization al object structures.In the three years since PWC released the CFO text, several impudent challenges fool emerged that warrant our review because they tribulation the financial and operating structures of traditional organizations.

According to PWCs disaster text, eCFO: Sustaining Value in the New Corporation, (2001), the new challenges that our organizations face are the continued growth and reliance on the internet, expansion of e- vexation in the form of business-to-customer (B2C), business -to-employee (B2E), and business-to-business (B2B) activities, and use of virtual(prenominal) organizational structures t o accomplish the corporate mission. Once aga! in the CFO is called upon to architect new solutions that testament enable his/her company to do competitively to a business environment being change by these three factors. By meeting the test, the role of the CFO is elevated and expanded, further accentuate the value of the finance constituent in the strategic management of an organization. During each of our weekly sessions, we will supplement the CFO text with additional insights from the eCFO text, to expand our prefatory understanding of the CFOs new role...If you want to pass a full essay, ordinance it on our website: OrderCustomPaper.com

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