Management Team Business Operations - 1391 Words

Management Team In Business Operations The management team in our business includes the Chief Financial Officer, the Sales Manager, the Marketing Director, the Human Resources Director, the Chief Technology Officer, and the Chief Executive Officer. The Chief Financial Officer is the one responsible for the budget and the accounting systems of the business. A growing company needs a CFO in its management team because the cash position and assets of the company have to be monitored and husbanded properly. In addition, there are many financial reports required by stockholders, stakeholders and various agencies of the government. The Sales Manager is very important in the operations of the company as the success and profitability of a†¦show more content†¦A CTO or Chief Technology officer is now an essential part of the management team, as effective presentations and reporting are now reliant on modern technology. A company’s web presence and social media presence is also an essential factor in a companyâ⠂¬â„¢s growth and success in this age of modern technology. Maintaining customer data, personnel data, and product specifications is also dependent on technology. The Chief Executive Officer or CEO charts the business’ strategic vision and sets the milestone towards the company goals. His effective leadership is responsible for the positive results produced by the rest of the team. He recognizes the strengths and weaknesses of the team members and is able to draw on individual strengths to constitute a strong team. The team concept, group dynamics, and the strengths and weaknesses of business teams The concept of the team is for people of different expertise to interact, share their individual expertise, and collaborate for the success of the business enterprise. The dynamics of the group are the unseen forces existing in a team which can greatly influence the way the team will behave, react to situations or perform. Some of the factors that can influence team dynamics include individual personalities of the members of the team, the team operation, the way the team view itself, and the organization of the team.