Management Concepts
What is the Chief Management Forensics Officer (CMFO) Role
- A new C-Suite role invented exclusively by Management Forensics Institute
- A tool for sustaining value for the organization
- The CMFO's primary role is to stop the bleeding of value
- The CMFO is an Executive-level position that has at least a bi-directional influence on the creation of value, receipt, and sustaining of value
- The CMFO is the Executive-investigative office of the business and is held to a high standard
- The CMFO's monthly report should be the most sought after requirement of the CEO (that shows where there was bleeding, where stopped, and where it's likely to occur)
- The best way to appreciate the CMFO is to ponder the lack of or the want thereof of a CMFO as in past failed events such as Enron, Anderson, cyber breaches, water treatment scandals, fake earnings reports, accounting scandals, manipulative practices, gross misrepresentation, revenue falsifications conspiracies, and more
- The CMFO understands value and ensures that the organization is survivable to protect society, value, jobs, growth, and reputations thus preventing the organization from falling into the unrecoverable heap
- The CMFO's position and reliability should be a testament of the organization's commitment to protect values
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