How Have been the CFOs And CDOs Important For any Growing Company?
The role of a CFO or a CDO is not as well known as the role of a CEO or a COO. People are often quick to assume that these are the only two chief executive roles that are important and often neglect the role of the other subset of Chief Officers. So today we are going to see how two other executives, the CFO and the CDO play a very main role in the growth and development of an organisation.
Who is a CFO?
It is therefore easy to see how important the role of a CFO is important not only for the growth of an organisation but also for the maintenance of it in its current state and not plunging down into losses.
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Some of the responsibilities of a CFO:
- Making financial plans for the company.
- Assessing potential financial risks, and managing it.
- Making reports of the financial status of the organisation.
How are they important for the growth of the organisation?
Money is one factor that defines the success of an organisation. It is an important that is not only inportant for the normal day to day activities of the organisation, it is also important for implementing future works. It is the guarantee of cash flow and proper management of existing funds that gains trust from investors that they would earn profits and hence they invest in the company. So it is very important to find the best CFO executive search firm to help hire one for you.
There are a many ways one can hire a C level executive; through internal promotions, through networking etc but the best option would be to go for a CFO executive search firm since they have better contacts and knowledge on who would best suit the organisation.
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Who is a CDO?
A CDO also known as the Chief Data Officer, is the chief officer responsible for all things regarding data in a company. A Chief Data Officer is often closely associated with Chief Digital Officer, or Chief Digital Information Officer but they are not the same. While a Chief Data Officer is responsible for determining the type of data the enterprise will choose, the ones they will retain and exploit and for what purpose, the Chief Digital Officer is responsible for the systems through which the data is obtained.
The importance of data is almost irreversible since it provides valuable knowledge in what decisions the company must take, and what to do with it. It is especially important in telecom companies where data mining is very important. Hence it is important that the hiring teleperformance CDO is done properly.
Teleperformance CDO hiring process should involve tests where the potential candidates have sound knowledge on the type of industry they are involved in and also have technical skills in analysing data and interpreting it in a way that is useful for the growth of the company.
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