Fast-track finance executives search for career guidance
Article Abstract:
Frequently, finance executives feel stagnated or blocked in their careers, due to several factors, including: lack of business mentors in the finance field, the ability of computer-literate younger executives to pass older executives by, the relatively poor people management skills of most finance executives, and a lack of aggressiveness. The importance of building personal networks of business contacts throughout an industry and the career guidance available from outside career counseling services are discussed. One such service is described, the TRAC program, obtainable from Management Development Services Inc. (Morristown, New Jersey). The TRAC program places participants in hypothetical business situations, and real-world executives evaluate and criticize the actions of the participants.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1986
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Treasury finance executives trapped in the eye of the merger storm
Article Abstract:
Following a corporate takeover, financial management positions are among the first jobs eliminated. However, those financial managers who remain employed following a merger or an acquisition tend to rise through the corporate ranks. Merger shakeouts for financial executives are examined by example; some of the mergers cited are the Baxter Travenol - American Hospital merger and the G.D. Searle - Monsanto merger. Of companies taken over in 1984, 47 percent of the executive staffs found themselves seeking new employment.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1986
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New corporate structures produce new treasury careers
Article Abstract:
Many corporations are abandoning functional, hierarchical structures in favor of business group and product-oriented structures. This development should provide financial professionals with the opportunity to reach decision-making positions earlier in their careers. The automation of corporate information-gathering procedures should also have an effect on financial careers. In the future, the ability to generate reports will not be as important as analytical and decision-making skills.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1986
User Contributions:
Comment about this article or add new information about this topic:
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