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Saturday, January 8, 2011

2011 Warning - Time to Grow Strategically

As the year changes to 2011 it is time to grow strategically and the finance organization plays a key role in stepping up this game.  I recently read an article on CFO.com and it pointed out the following keys:


  • Recession has offered Finance the silver lining in the form of renewed respect for their skills and expertise.
  • Most important skill - 40% of Senior Executives pointed to ability to think strategically.
  • CFO and finance organization provide the essential analytical insights that drive strategy
  • Finance must view see yourself as a business partner.  Get out of the ivory tower and spend time on the front lines.
  • Operations experience enables ability to influence the strategic planning process.
  • Approach ambiguity as an opportunity to provide a solution.
 “Don't wait until everything is just right. It will never be perfect. There will always be challenges, obstacles and less than perfect conditions. So what. Get started now. With each step you take, you will grow stronger and stronger, more and more skilled, more and more self-confident and more and more successful.”  - Mark Victor Hansen