Strategic Business Turnaround: Role Play of the CFO


  • Mrutyunjaya Mohanty Chief Financial Controller Sun Packaging Company SAOC Muscat



No Keywords.


Several companies across the globe fail to create enough value to the expectation of the equity market and shareholders. Managing people is the key for developing a high performing team. Drop out people who are not committed, who do not go that extra mile to get that job done, who lack solid functional skills and do not develop specialized skills to perform the task, who are not transparent and so on create hurdles in the development of an organisation. It makes sense to identify and recruit highly skilled people through a robust interview process especially focusing on integrity, trust worthiness with demonstrated leadership quality. Develop ideas for resolving problems and issues, be creative, and look for eureka moments. Develop a robust strategic action plan for each function. Strategy execution is the success mantra to turnaround a business. The CFO should think beyond his/her normal role of duty and take extra responsibility in facilitating CEO and CXO team in developing and executing business strategy that helps in revenue growth and profitability.


Download data is not yet available.



How to Cite

Mohanty, M. (2024). Strategic Business Turnaround: Role Play of the CFO. The Management Accountant Journal, 59(5), 97–101.


From the practical real-life experience of the author as CFO while working with some reputed organizations such as Bahrain Aluminium Extrusion Company , Gerdau Steel India (Brazilian MNC), and Essar Steel India (ArcelorMittal Nippon Steel).

Similar Articles

1 2 3 4 5 6 7 8 9 10 > >> 

You may also start an advanced similarity search for this article.