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    Examine the various forms of responsibility centers

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    You have been asked to speak about the topic of responsibility centers to a group of executives at a conference.

    For this speech you should select a company/business that you are familiar with and briefly describe it. Give three examples of responsibility centers in that business. Describe how these responsibility centers interact.

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    Let us take a financial services business which provides brokerage and financial advisory services to individual clients for trading on equity markets such as NYSE and NASDAQ. The important responsibility centers in this type of organization can be categorized into the following:

    1) Relationship/Marketing department: This department or group is concerned with developing new clients for the company as well as maintaining close relationship with the already existing clients with respect to providing them advisory services, communication about the status of their accounts and procuring new orders and raising ...

    Solution Summary

    Examine the various forms of responsibility centers.