For the purpose of this paper, a rather wide interpretation of the term “social role” is used,
because the CFO not only fills a position in an organization and receives expectations, but
also has the power and often is requested to drive organizational change. Hence, a passive
understanding of “role” only focusing on the expectations from the CFO’s environment
11
would underestimate the flexibility of a CFO in “playing” his or her role. Thus, aside from
the expectations of owners, other managers, and employees, the CFO may add his or her
personal view and interpretation of what a CFO role should be.
For the purpose of this paper, a rather wide interpretation of the term “social role” is used,
because the CFO not only fills a position in an organization and receives expectations, but
also has the power and often is requested to drive organizational change. Hence, a passive
understanding of “role” only focusing on the expectations from the CFO’s environment
11
would underestimate the flexibility of a CFO in “playing” his or her role. Thus, aside from
the expectations of owners, other managers, and employees, the CFO may add his or her
personal view and interpretation of what a CFO role should be.
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