The Ledger
Curated content foranalytical business leaders
Employ Strategies to Turn Around Business Performance
June 10, 2020
“Explore strategic options under a “no-constraint rule”. Many finance business partners were not able to get the best ideas out of their key internal stakeholders because many gave strategic options vis-à-vis the resources the business had. Suggestions for turning around the operations become constrained by the resources these stakeholders thought they had or could deploy at their disposal. It’s important to encourage key stakeholders to “free their mind” and consider the turnaround strategy as if there were no resource constraints. This encourages them to think beyond the company’s financial position at that moment.” C.F. Wong, ACMA, CGMA
Nine Key Traits from CFOs at Efficient Growth Companies
June 8, 2020
A recent Gartner survey of CFOs have identified nine traits CFOs should implement for better performance during a crisis including fighting scope creep, protecting costs that support competitive advantages, and using a mix of budget models to identify the activities that truly deliver value.
Digital transformation programs need the right talent to success
June 1, 2020
“Success [for digital transformation programs] requires bringing together and coordinating a far greater range of effort than most leaders appreciate. A poor showing in any one of four inter-related domains — technology, data, process, or organizational change capability — can scuttle an otherwise well-conceived transformation. The really important stuff, from creating and communicating a compelling vision, to crafting a plan and adjusting it on the fly, to slogging through the details, is all about people.”
Your plans useless but you’re still planning
May 30, 2020
“Planning in such highly uncertain times must focus on the ability to quickly and flexibly react to fast changing circumstances. Doing so effectively, requires that the company has thoroughly mapped its supply chain, including the physical locations of its suppliers’ plants and warehouses, so it can quickly identify which of its products might be affected by a shutdown at any of the suppliers’ locations.”
