By Hugh Taylor
The enjoyment of SOX examines how the Sarbanes-Oxley Act (SOX), decried as a painful dampener of commercial agility and innovation, in addition to an incredible waste of cash, can really be a catalyst for badly wanted switch in American undefined. concentrating on the serious nexus among details expertise and company operations and the emergence of the progressive Service-Oriented structure, this publication indicates businesses how you can upward thrust to the problem of SOX and use the laws as for imposing much-needed IT infrastructure alterations.
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Additional info for The Joy of SOX: Why Sarbanes-Oxley and Services Oriented Architecture May Be the Best Thing That Ever Happened to You
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You can get rid of them and rehire as demand dictates. Sounds great, until it happens to you. So what does this mean to you? You’re probably either ready to run off to circus school or saying something like, “I’m in butane refining. I don’t bet my company. ” Perhaps you are, perhaps you are not. The lesson to focus on is how high the stakes have become in today’s business world and how you can best position your company to succeed—and still stay in compliance with the law. We work in a business era of increasingly fast and evasive moving targets.
Wilde then proceeded to the white board and started to lay out categories for discussion. Product Mix was his next focus area. What could the company do to find a mix of product offerings that would position it for higher and more sustainable earnings growth? Indeed, he asked, was there even such a thing in such a fast moving business as the PC and peripherals field? Should the company expand its own proprietary product lines? And if so, what should it be? Should they focus on PCs or some specialized line of peripherals?
DexCo still retains some of the character of its former selves. As shown in Figure 1-1, each business unit operates with a fair degree of autonomy. Each unit has its own General Manager, who has profit-and-loss (P&L) responsibility. The business units have a moderate degree of cohesion when it comes to sharing resources and financial reporting processes, although the organization seems to most insiders as if it were stitched together Frankenstein-style. 5 - Global Procurement - Internal Audit Finance Group Procurement Foreign Offices Foreign Offices Foreign Offices Finance & Ops Procurement Finance & Ops Sales & Marketing Procurement Finance & Ops Sales & Marketing Figure 1-1 Organization chart of DexCo, showing silos of activity and reporting for each operating division Database & Apps Developers IT Infrastructure Marketing GM Wholesale Division GM Retail/Web Division GM CFO CIO OEM Division Fuller Harris Reggie Marchaldon Jono Localio Linda Sebastian Susie Daunt COO Tom Cunningham CEO ED Tait The Trouble with DexCo DexCo’s management team comprises executives who have never really had to work together with much seriousness.