QSO 321 Module Three Assignment Template

docx

School

Southern New Hampshire University *

*We aren’t endorsed by this school

Course

321

Subject

Management

Date

Nov 24, 2024

Type

docx

Pages

Uploaded by Barbara8289

1 Accounting and Finance Harriet Creyer 3-3 Assignment: Stakeholder Roles and Responsibilities Southern New Hampshire University QSO-321 People, Planet and Profit Internal Stakeholders Stakeholder Role Responsibilities Influence CEO  Provides vision, direction, and high-level strategic decisions for an organization  Responsible to employees, customers, the board of directors, and other stakeholders for decisions made about and for the organization  Influences strategic initiatives, goals, values, and investments of the overall organization internally; these include those that impact revenue streams, costs, investment into employees, the elimination of waste, and the overall impact of the organization

2 Accounting and Finance  Can approve or create organizational initiatives that provide resources needed to strengthen TBL alignment in the organization CFO  Overseas both the financial and operational aspects of the business.  Investor relations and shareholder reports  The company’s overall financial strategy  Structure and performance of the wider corporate services unit, finance, including human resources, and talent acquisition  Broad strategies to increase profits and reduce losses  Very strong technical skills, and focused most on mitigating risk and ensuring compliance, and left much of the business strategy to other executives. COO  Handles a company's internal affairs  Spearheads new initiatives  Oversees the implementation  They encourage maximum performance.

3 Accounting and Finance of company strategies that are created by senior management  Delivering results on a day-to-day, quarter-to- quarter basis And productivity from employees.  They create reports to send to the CEO in all matters and help the CEO in all their fundraisings Treasurer/ VP of Finance  Responsible for having a hands-on role in the finance department of an organization  Creating financial plans with senior management  Directing financial strategies and budget management  Directing accounts receivable, payable, and payroll staff  Overseeing financial planning and matters in an organization  With a hands- on approach to all aspects of an organization’s finances, they must ensure a company complies with tax laws and regulations specific to that industry. External Stakeholders

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

4 Accounting and Finance Stakeholders Role Responsibilities Influence Suppliers  Supply goods and provide services to allow the business to continuousl y produce its products without any unplanned stoppage time. So, the business can offer its products to its own customers on time.  T o S upply goods and services ordered by the business in the time and condition as laid down by the purchase contract or supplier’s service agreements .  The better quality the suppliers can provide as well as the amount of the raw materials will contribute to the success of the business, in turn it will increase the bottom line for the suppliers business. Customers  Customers purchase goods and services from the business.  They provide revenue from sales which allows the business to function every day and expand in the future.  Customers expect greater choice of better- quality products at competitiv e prices. They want to receive quality goods and prompt after sales service.  Also, they want to  Good publicity when customers give word of mouth recommendatio ns to their family members, friends and colleagues. Good customer feedback will help to improve future sales of goods and services.

5 Accounting and Finance make sure that the business is going to continue to exist in the future as it is important in case goods break down and may need spare parts to be repaired.  Customers do not want to be overcharge d, but are prepared to pay a fair price which gives value for money. Society References Bloomenthal, A. (2023, January 12). Chief operating officer (COO): Definition, types,

6 Accounting and Finance qualifications. Investopedia. Retrieved January 21, 2023, from https://www.investopedia.com/terms/c/coo.asp A glossary of key finance team roles & responsibilities. CFO Connect . (n.d.). Retrieved January 21, 2023, from https://www.cfoconnect.eu/en/resources/finance-insights/key-finance- team-roles-responsibilities/ Lhh. (2022, February 3). VP of Finance Job Description . LHH. Retrieved January 21, 2023, from h ttps://www.lhh.com/us/en/insights/job- descriptions/vp-f inance/

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

Related Documents

discussion 1.docx

Week 6 Discussion Topic 2.doc

Coaching Plan.docx

Leardership Styles in Different Situations.edited.docx

QW0427-B.docx

MERCY NDAHR 2.1.docx

Assessment of survey participants.doc

Personal Leadership Development Plan.docx

Ethics and Compliance in Action.docx

2205140_MGT599 SLP1 2023.docx

Placement Log.docx

1701225170_PQIS7 (1).docx

Recommended textbooks for you

Marketing

ISBN:9780357033791

Author:Pride, William M

Publisher:South Western Educational Publishing

MARKETING 2018

Marketing

ISBN:9780357033753

Author:Pride

Publisher:CENGAGE L

Management, Loose-Leaf Version

Management

ISBN:9781305969308

Author:Richard L. Daft

Publisher:South-Western College Pub

Foundations of Business (MindTap Course List)

Marketing

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:Cengage Learning

Foundations of Business - Standalone book (MindTa...

Marketing

ISBN:9781285193946

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:Cengage Learning

Principles of Management

Management

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax College

SEE MORE TEXTBOOKS

Recommended textbooks for you

Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
MARKETING 2018
Marketing
ISBN:9780357033753
Author:Pride
Publisher:CENGAGE L
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College