India's Best CFO

Abstract

The India's best CFO, Praveen Kadle, The main objective of this case study is to highlight that fact that in today's business environment, the role of (CFO) Chief Financial Officer have evolved and expanded. It is about analyzing those changes in the role of CFO's. In today's business environment change is essential to reach the growth stage, CFO's of 21st century far more than just maintaining the financial information of the organization, it have become one of the key person of the corporate world, CFO have not only the Financial analyst, but he or she is also the strategic goal developer and decision maker in the organization today (Pragada & Satish, 2009). However, the case primarily focuses on various roles of Praveen Kadle in the journey of Telco to TATA Motors it is about how Praveen Kadle (CFO) of Tata Motors, turnaround the whole company and the critical role he played to implement the new strategic goals and the management decisions he took to carryout things efficient and effectively in times of crisis.

Role of the Chief Financial Officer (CFO) in the context of today's business environment and the drivers for the transformation in the roles of a CFO today

Role of CFO in today's Business Environment

Today's business world is moving so fast that in order to survive, be competitive, efficient and effective you need to be fast and adopt changes quickly. Change is something very essential to accomplish your goal because to be efficient, effective and productive organizations need to adopt some changes by bring new strategies and focus on their innovation. In order to bring those changes, corporate analysts analyze and bring their thoughts into actions especially when organizational change are more abundant, managing huge changes like technological changes, changes in infrastructure, mergers and acquisitions, new scenarios and approaches, transformation and globalization.

If the organization is adapting changes constantly, it will not only survive but will be ahead in the game. If one is not able to handle the reality then the circumstances will not be pleasant, and it may result in the downfall of organizations.

Changes and transformation is part of the world and with the passage of time it is necessary for people to adapt necessary changes. To make any transformation successful, there are many things that must be changed which includes procedures, organizational structure and operations, these are just the major parts along with all this the main thing that need to change are the behavior, something which have never been easy - the behavior of people.

In today's business environment CFO play's a very critical role as financial officers are not just a number cruncher; the finance of a company is today not limited to financial statement, debit and credit things, it is now about how to turnaround that business how to support the company's current position with their finance, as the past financial crises and economic challenges have reshaped the global business environment and today's CFO have much crucial role to play ("The changing ...