Showing posts with label CFO. Show all posts
Showing posts with label CFO. Show all posts

Thursday, 29 September 2011

Why do you have to keep justifying your good performance?

The bottom line is the final line in the P&L.

If I am CMO (and I have been) then I have a budget.  I manage that budget and I do not want to have to keep  justifingy everything I do with that budget - as long as I am making or exceeding the revenue and profit expectations.

Sure I will measure the elements (metrics) I use.  Sure I could justify what I do - but why would I be expected to do that on a monthly basis?

I do not ask the other departments to justify to me every element.  I do not expect to have to have a continual set of little bottom lines every month.  If that is happening then the CFO and the CEO need a kick in the Duff - where do they think this revenure is coming from??


Dr. Brian
CEO MAANZ International http://www.marketing.org.au