Financial Statement Carl Williams CEO  Essay

Concerning the IT Department, the new manager needs to hire a good mix of people with various skills. There will, of course need to be staff members with exceptional technical skills that can develop new technologies to keep the firm growing at the steady rate that it did a few years ago. However, the department should not be saturated with technical staff. The new manager will need to hire individuals who have a strong business sense and are experienced in the fields of accounting, finance as well as other business areas. This is necessary because the technical staff person may favor a technology that seems to be best for the company because of its capabilities, but the person with a good sense of business can evaluate the technology to determine if it will help the firm's bottom line.

...

This can be accomplished by the non-technical staff taking classes or seminars on basic technology and the technical staff learning the basics of business and finance to be able to make a recommendation on technology which is not based solely on technical aspects, but financial ones as well. By implementing new training for staff members, the operating expenses of the firm can be reduced over time. The new manager must have the capability to hire the appropriate staff that can develop technologies that will help the firm to grow. Increasing the firm's revenues while staying within the budget should be a main goal that the IT Department strives to accomplish.
IVK Corporation

Cite this Document:

"Financial Statement Carl Williams CEO " (2010, July 18) Retrieved April 18, 2024, from
https://www.paperdue.com/essay/financial-statement-carl-williams-ceo-9638

"Financial Statement Carl Williams CEO " 18 July 2010. Web.18 April. 2024. <
https://www.paperdue.com/essay/financial-statement-carl-williams-ceo-9638>

"Financial Statement Carl Williams CEO ", 18 July 2010, Accessed.18 April. 2024,
https://www.paperdue.com/essay/financial-statement-carl-williams-ceo-9638

Related Documents

finance and financial entrepreneurship. The basis of the article is on a discussion that was held on this subject among four leading lights of financial entrepreneurship in the United States - Michael Milken, Lewis Ranieri, Richard Sandor and Myron Scholes. These people are famous in their own right and have had a sizeable role in financial entrepreneurship in the U.S. over the last 20 years. We have first discussed

2007 Economic Crisis on American Car market Effect of the 2008 global economic crisis on automotive industries Crisis in the United States Crisis in Canada Crisis in Russia Crisis in European markets Crisis in Asian markets Effects by other related crisis events In this paper, we will review the effects of 2008 global automotive crisis. Our main focus will be on the American car manufacturers and the negative impact they suffered due to the crisis. We will

A mission is valueless if it does not truthfully motivate and guide the force of every worker in the similar course. Everyone has to consider the mission is sensible and achievable and not just unfilled speechifying (11). Business leaders must "outshine" by setting the model for all workers. They do not merely converse about missions, but they develop into a perfect example of the contemporary value; they should live by