Jeff Salett. From the Top Sort of (A) Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Introduction

Salett has worked in different small companies and made his way to a large corporate organization’s financial function. Salett had chosen that company due to its strong value driven organizational culture and the impact of its leadership over the rest of the industry. Although, currently at that time he was facing a number of challenges, but his track record had provided a clear understanding of his role and capabilities that would take him out from that situation. He was very competent and being a deep analyst of his own competencies, he had reached to that position and it was expected that his role as a relatively senior personnel will improve his abilities and he could easily cope with the challenges.

After evaluating his role and position in the company, it has been evaluated that he was a bit confused about his scope of responsibilities and because of this he was feeling reluctant to take any action towards the inappropriate accounting policies and the reporting framework. Therefore, it was not the right time to take any action because when a person is himself uncertain about to take an action, then it will be very difficult for him to justify his acts in front of others in case of any unexpected failure. He should wait until he is appointed as a corporate controller of the company for taking any action towards the solution of the prevailing problem of that time. After his appointment as a corporate controller of the company, he would be provided with a wide range of authorities to address his responsibilities and he would not be held responsible for his actions to multiple leaders in the organization. It would increase his morale and confidence and he would initiate even a very crucial action without any resistance and fear.

The appointment of Salett at a more senior position would provide him a number of opportunities and he would easily deal with the prevailing problems of the organization. He would be free to make any sort of strategic decision and direct the subordinates to carry out his orders accordingly. It would make him able to directly contact the CEO of the organization and tell him about his plan. He should select a suitable control system for the company, which would be capable of dealing with different issues of the organization, i.e. internal controls, operations, productions, administrative and the accounting function of the company. By working at such a senior position he could directly communicate his proposed strategies and its impacts to the external auditors of the company and also to the other stakeholders, i.e. the stock exchanges, other executives of the company, the corporate lawyers of the company and the shareholders and directors. Instead of discussing the matter with CEO and directors of the company, he should take an immediate action towards the solution of the problem because he would be the person, who would be held responsible for any sort of loss faced by the company due to these problems that come under his span of authority. Therefore, he should assume that the CEO and members of the BOD were aware about the prevailing circumstances and they knew that how he would respond to these circumstances. He should also give the examples of different firms that their executives have also adopted the same strategies for taking out their firms from such sort of problematic situations. At the end he would conclude that, if a person has the power of a position, then he would have a suitable platform that allows him to take certain actions to make things right..........................

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