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Article: How to measure performance. (Finance Reshapes Its Corporate Role)
- Article from:
- Financial Executive
- Article date:
- March 1, 1991
- Author:
CopyrightCOPYRIGHT 1991 Financial Executives Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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For the first time, a benchmark is being established for evaluating the effectiveness of finance departments. It's based on a quantitative and qualitative study of 27 U.S. companies over the past three years.
Robert W. Gunn
Vice President
A.T. Kearny, Inc.
In a worrisome economy, companies need a sharp and sophisticated financial operation. This need has driven change in how finance is structured and how it operates.
Financial operations are moving out of the back room. Confronted by new technology, new competition, and a heightened concern for the bottom line, Corporate America is integrating finance into the fabric of its ...