Businesss Finance

CPM INSIGHTS: Plan Strategically by Looking at Multiple Scenarios

lindsay — Tue, 07 Jul 2009 14:20:15 -0400

Strategic planning is difficult in this volatile economic environment. To prevent surprises, create and run scenarios that challenge traditional assumptions. Bracket your plan with a variety of scenarios that force you to consider plans for remedial action.

CPM INSIGHTS:Leading Indicators Serve as an Early Warning

lindsay — Tue, 23 Jun 2009 10:46:14 -0400

Do you have leading indicators in place? You should. They can serve as an early warning system for your board, executives, and management team.

CPM INSIGHT: Strategic Planning Process Changes With Economic Changes

lindsay — Wed, 27 May 2009 11:24:23 -0400

Strategic planning used to be seen as a static, annual process. However, in these turbulent times, it has become a more dynamic process that allows the forecast to change based on current conditions.

CPM INSIGHT: CPM Offices Require Experts

lindsay — Wed, 13 May 2009 15:36:38 -0400

When it comes to corporate performance management (CPM), research shows that employees tend to be experts in one or more areas rather than generalists. This expertise is necessary so employees can understand changes in the organization and shifts in executives' and influencers' agendas, according to blogger Bob Paladino.

CPM INSIGHT: CPM Office Removes Silos

lindsay — Wed, 22 Apr 2009 13:21:01 -0400

Decentralized corporate performance management (CPM) can lead to inconsistencies in CPM process applications, different versions of the truth, and projects that don't meet the overall needs of the company. To remedy this, companies should consider instituting a CPM office.

CPM Insight: Staffing Decisions for a Top Team

lindsay — Thu, 16 Apr 2009 12:45:12 -0400

There are many important staffing decisions to take into consideration when pulling together a CPO team. Two key ones? Team size and leadership skills.

CPM INSIGHT: Where Should a CPO Be Positioned?

lindsay — Tue, 07 Apr 2009 12:36:48 -0400

A company's chief performance officer (CPO) ideally should report to the CEO or CEO equivalent, according to CPM expert Bob Paladino. In his blog CPM Insight, Paladino shares examples of companies that position their CPOs well.

Book Pick: Globality: Competing With Everyone From Everywhere for Everything

lindsay — Wed, 02 Jul 2008 15:51:26 -0400

If the subtitle of their book is disconcerting, make no mistake -- it reflects the reality of the new hyper-competitive world that Western companies increasingly find themselves in, according to Harold L. Sirkin, James W. Hemerling, and Arindam K. Bhattacharya, authors of Globality: Competing With Everyone From Everywhere for Everything (The Boston Consulting Group, 2008).

Weighing the FAO Decision

lindsay — Mon, 02 Jun 2008 11:25:06 -0400

The finance and accounting outsourcing (FAO) market is growing by leaps and bounds, zooming 22 percent last year according to the Everest Research Institute's 2008 annual report. The growth was propelled in part by greater penetration of the midmarket and the growing maturity of suppliers' offerings.

To Share or Not to Share?

lindsay — Sun, 01 Jun 2008 16:15:56 -0400

Consider This Scenario: Your finance organization has streamlined its processes, standardized as many systems as possible, and begun the consolidation of groups within the organization to drive greater efficiencies.