Finance Business Partner Marketing can be considered as one of the most important position in any business organization. Meanwhile, finance business partnering can be termed as a rhetorical device that has been designed to make proper adjustments to the perceptions of any organization’s finance department. The role of a finance business partnering can be much more than different in compare to a normal finance related job position. Identifying the financial position of an organization, a finance business partner can determine the financial contribution in order to achieve organizational goals and objectives. As the finance business partner market of Coles market, there are some significant roles to be performed such as supporting for consumer insights, development of the store, quality assessment and Coles brand marketing. Apart from that, FBP must consistently evaluate affirmative results in support to the organization and make space for more talent pool to support the finance department (Johnson and Sohi). As FBP plays a crucial role to the organizational finance, it is the role of FBP to handle the key business stakeholders in order to make knowledgeable decisions and to influence profitable results of Coles Market.
In addition to that, FBP must show their ability to convince the crucial stakeholders to constrain business transform to achieve the goals of a company. In the process, FBP needs to identify the data analysis report to endow with commercial insights in order to simplify the financial position to the crucial stakeholders (Miranda and O'leary). Moreover, it is the duty of the finance business partners to understand the current business context and identify the scopes to improve the position (Adamik). Also, the FBP must present a monthly review of outcomes to the stakeholders to prove the efficiency of their decision making. In this way, an FBP can develop commercial acumen to improve the business facilities as per requirement.
Work Cited
Adamik, Anna. "The Role Of Managers In Business Partnering Creating". Organization and Management 2013.3 (156) (2013): n. pag. Web.
Johnson, Jean L., and Ravipreet S. Sohi. "The Development Of Interfirm Partnering Competence".Journal of Business Research 56.9 (2013): 757-766. Web.
Miranda, Shaila M., and Bay O'leary. "Knowledge Through Partnering: Business-To-Business Relationships In The Information Economy". Journal of Business-to-Business Marketing 9.3 (2012): 49-82. Web.
