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Assignment:
Please help me with some of the example questions on mba subject service management.
Questions:
Case study
Growell is Mumbai based company engaged in web based retail business. They have a group of suppliers who display their products on the Growell's website. The customers place orders online. The Growell company wanted to improve its financial performance and tried to selected only profitable suppliers. They wanted to hire a Chief Financial Officer at Rs 75,000/-per month.
The 'Virtual CFOs' - an another Mumbai based company, that provides all financial services online, contacted Growell and agreed to take up that project. Growell plugged all its financial data in to an excel software template set up by Virtual CFOs and the programmed generated balance sheet and cash flow statements. The spread sheet were emailed to Virtual CFOs and the company assigned a charted accountant who interpretedthe data analyzed by software and advised Growell strategy. Virtual CFOs performed a number of other financial and tax services to Growell. They charged only Rs 25,000/- per month.
1. Do you think it is better to outsource financial services to a third party or should the companyhire a CFO for itsown operations?
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