1 Executive summary "Virgin" is currently the third most recognized brand in Britain and it is commonly associated with the identity of its founder Richard Branson. Branson is not your typical corporate businessman but rather a risk-taking entrepreneur that emphasizes the fun in every activity he is driving the Virgin group into. Virgin’s best known operations are probably air travel (the Virgin Atlantic and Virgin Express airlines) and music stores (Virgin Megastores)‚ but they are also involved
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1 Recommendations 1.Define Brand Stewardship work procedures‚ provide coaching and training to gain support in the middle/lower management. Create an O&M-brand‚ use BrandPrint for O&M itself. 2.Align the organizational structures of the company by establishing profit centers. Focus the ERP system on worldwide CRM. Adjust the compensation system to reward brand thinking and brand management. 3.Recraft and connect the vision to O&M’s core values‚ create a visible BHAG and specify tangible objectives
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The CFO possesses many significant advantages as well as disadvantages if he/she is chosen to become the CEO. Recently an increasing number of company boards have decided that in order to best serve shareholders it is prudent to promote the CFO to CEO. CFOs themselves remain reticent about any personal ambitions beyond the CFO role - at least in public. But given this recent string of high profile promotions there is an increasing recognition that they have what it takes to take over the CEO role
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Consolidating results to CEO and CFO for their final conclusion. Educating management and process owners on the importance of sound internal controls. Facilitating management’s conclusion on the effectiveness of the design and operations of internal controls within their respective areas Perform process documentation and tests of controls which will be used to support management’s overall evaluation Consolidating results to CEO and CFO for their final conclusion. Educating management
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a discussion of the pros and cons of hiring a CFO to be CEO. Also‚ I will provide two actual examples of CFO’s of publicly-traded companies who became CEO’s of publicly-traded companies within the past 5 years. Furthermore‚ I will research if those individuals have a CPA and/or CFA designations. I. Do you think finance departments are the best place to train future CEOs? Include a discussion of both the pros and cons of hiring a CFO to be CEO. Try to cite at least three articles in your paper
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their underlying psychological traits and attitudes. We find US CEOs differ significantly from non-US CEOs in terms of their underlying attitudes. In addition‚ we find that CEOs are significantly more optimistic and risk-tolerant than the lay population. We provide evidence that CEOs’ behavioral traits such as optimism and managerial risk-aversion are related to corporate financial policies. Further‚ we provide new empirical evidence that CEO traits such as risk-aversion and time preference are related
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coverage ratio in 2012. 2012 Net Profit 3204600 Interest Expense 337300 Interest Coverage Ratio: 9.5 Another reason why theinterest coverage ratio can be below 9‚ is the client’s ability to manipulate net profit through interest expense. The CFO who has responsibility on financial issue is able to increase sales revenue or reduce interest expense in the record and manipulate the sale in order to meet the interest coverage ratio even though cost has been incur so this affect the profit to decrease
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Financial Officer (CFO) is a corporate officer responsible for managing the company’s financial operations. This officer is also responsible for all accounting functions including credit control‚ budgeting and financial reporting‚ coordination of financing and funding‚ expenditure and liquidity‚ monitoring and management of investment and tax issues‚ provide timely reports to the board‚ and providing timely financial data to the Chief Executive Officer (CEO). In some sectors the CFO is also responsible
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at Southern Methodist University. In 2001‚ Carson and Boone formed a manufacturing company‚ Bubba Tech Inc. (BTI) in Austin which is privately owned by them and venture capital firm. Boone becomes chief executive officer (CEO) and Carson become chief financial officer (CFO) in BTI. There was no board of director because the firm has completely confidence in the ability of Carson and Boone. Venture capitalists provide a provision into their agreement where Boone and Carson would received 10% return
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Optical Corporation Part I – Case analysis Based on the information given in the case‚ I would like to take below actions: 1) Hire Barry Fielding as the new CEO for Western States Optical Corporation (WSO); 2) Hire Barry’s wife‚ Betty Fielding‚ as the director of Marketing and Merchandising for WSO; 3) Leverage Meredith McDougall as CFO to keep an eye on the Fielding couple; 4) Remind Ron Weiner not to interfere new CEO’s business decisions too much in the future; 5) Kick Byron Buntz out of board
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