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Strategic Planning as Leadership Challenge

CFO News Room

This question has perennially stumped executives and managers, and one thing seems certain: it’s not for lack of planning. Countless hours are spent by company leaders thinking about, discussing, and planning their strategies. New strategic priorities require organizational changes.

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Strategic Planning for Business Owners: Staffing During Exponential Growth

CFO Simplified

How are you planning on staffing for this as you move forward and continue to experience high levels of growth? Consider: That strategic plan for how you’re going to conduct staffing is critical to your success. Strategic Planning During Exponential Growth.

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Three rules for customer-centric strategic planning

Anaplan

Finance executive planning strategic planning Strategy

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11+ best strategic planning software for CFOs in 2023

Cube Software

Strategic planning is a critical component of any successful organization. It drives decision-making, helps maximize profit, and provides the basis for long-term financial health. FP&A Tools

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It’s the time of the year for strategic planning and budgeting

CFO Simplified

As the end of the fiscal year comes into focus, it’s time to put together plans for the upcoming year. If you’ve put together annual strategic, operational, and financial plans previously, terrific.

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Strategic Planning Components for CFOs to Keep Top-of-Mind

Planful

But not every CFO thrives in the strategic planning side of their role. The post Strategic Planning Components for CFOs to Keep Top-of-Mind appeared first on Planful.

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Building resilience & value in uncertain times: Why is strategic planning essential?

Future CFO

Serving as the guidepost for the whole organisation, the strategic plan helps clarify your organisation’s direction, purpose, and goals, and provides a platform to communicate with all key stakeholders. Joselin Martin, Member of IFAC’s PAO Development & Advisory Group and CEO of True North CFO LLC discusses why strategic planning is essential for organisations of any size.

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Strategic Planning Components for CFOs to Keep Top-of-Mind

Planful

But not every CFO thrives in the strategic planning side of their role. Many finance leaders confuse financial planning with strategic planning. But when it comes to strategic planning components, CFOs shouldn’t be in a pure finance mindset. Strategic Planning Component #1: Revenue. Traditionally, finance leaders have relied on cost-based planning to ensure the company’s financial health.

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Financial Planning for 2023 and Beyond: Steps to Nail Your Three Year Strategic Plan with Modern FP&A

Centage

As you start your financial planning for 2023 and beyond, follow these steps to solidify your three-year strategic plan and boost the odds of achieving your business’ goals. All business leaders make assumptions in order to develop strategies and plan for future circumstances.

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CFOs’ Strategic Planning Left Unchanged With Brexit So Far

PYMNTS

From a practical standpoint, companies have got to do their contingency planning, but in the expectation that things are going to be business as usual in reality over the next potentially five years,” said Paul Watters, S&P Global Ratings head of corporate research, at an event earlier this year. Sixty-nine percent of businesses don’t see any impact from the Brexit vote on their strategic planning. Swiss bank Julius Baer said it plans to open new U.K.

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Larry Chester Featured On: How a CFO Can Help Shape Business Strategy | Lawrence Chester | #38 | Dave Lorenzo’s Inside BS Show

CFO Simplified

Business Press Release Strategic Planning business strategy entrepreneurs financial guidance fractional cfo outsourced cfo strategic planningCEO of CFO Simplified, Larry Chester, was recently featured on Dave Lorenzo’s Inside BS Show.

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Top Action Steps to Grow Your Business

CFO Simplified

Arrange for a meeting to discuss your plans and your concerns, and tell them the kind of help you need. Planning will pay off handsomely. BUSINESS PLAN. The pandemic changed plans for nearly every business. Update your strategic plan.

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Thinking of Selling? First, Understand Your EBITDA

CFO Simplified

This depends on how valuable the business is to the strategic or the financial buyer who is making the purchase. If you’re looking at selling your business, one of the things that’s important for you to understand is how you calculate the value of your business.

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Better separate: Why forward-looking strategic planning and backward-facing financial close and consolidation cannot be one and the same

Anaplan

Should one solution deliver both FP&A and FCC? Not if the goal is transformative insights and new business value. Finance financial close Financial Consolidation what is financial consolidation and close

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Larry Chester Featured on NACD BoardTalk: Small and Medium-Sized Businesses: What’s Your Plan for 2022?

CFO Simplified

Larry Chester, CEO of CFO Simplified, was featured on NADC BoardTalk to discuss business planning for small to medium-sized businesses in 2022. Being Strategic Versus Tactical. Now is the time for the board to be even more strategic.

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Global Insurance Report 2023: Reimagining life insurance

McKinsey Public & Social Sector Insights

Insights on Financial Services Insurance Strategic planningThe global life insurance industry is facing an inflection point. A fundamental reimagination will usher in significant change.

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Fear factor: Overcoming human barriers to innovation

McKinsey

Strategy & Corporate Finance Insights Innovation Strategic planningWorries about failure, criticism, and career impact hold back many people from embracing innovation. Here’s how to create a culture that accounts for the human side of innovation.

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Bias busters: A better way to brainstorm

McKinsey

Strategy & Corporate Finance Insights Strategic planningStructured conversation during brainstorming sessions removes some of the risks that can thwart honest discussion.

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Five Key Aspects of Accountability in Business

VCFO

To manage effectively, minimize negative business impacts, and gain a competitive edge in a disruptive environment like the one we find ourselves in now, strategic clarity and a strong supportive plan are musts.

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The role of the board in preparing for extraordinary risk

McKinsey

Strategy & Corporate Finance Insights Stakeholder management Strategic planningRisks that threaten a company’s existence require unique interventions from the board.

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Taking the first steps toward net-zero emissions

McKinsey

Insights on Sustainability Climate change Strategic planningThe path to net-zero emissions is full of challenges. Leadership must understand the risks and commit to change now—or face an even thornier transition down the road.

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Do You Decide to Plan or Plan to Fail?

CFO Simplified

Those not wanting to sound clichéd change the way they state it, but the overarching message is that if there is no plan, there is no goal to meet, so it’s unlikely that you or your team know if the goal was reached. The post Do You Decide to Plan or Plan to Fail?

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ASEAN grocery: Balancing growth with profitability

McKinsey Public & Social Sector Insights

Retail Insights Retail & Consumer Goods Retail environments Strategic planningThe race is on to capture market share amid fierce competition. Retailers need to reinvent themselves while retaining a focus on sustainable growth.

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A Simple Test for Businesses

VCFO

Imagine if you started looking at combinations of activities like tax savings, other costs saved/avoided, and then add on the strategic nature of the role. Blog Finance executive leadership financial strategy operational advice strategic planning

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Global Economics Intelligence executive summary, January 2022

McKinsey

Strategy & Corporate Finance Insights Strategic planningIndustry and trade in goods grow on strong consumer demand; the pandemic wave, inflation, and geopolitical tensions present risks to faster growth in 2022.

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How Can Workplan Analysis Strengthen Your Business?

VCFO

Blog Expert Resource cfo consulting services CHRO executive leadership operational advice strategic planning workplan analysis

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Lease Accounting Updates that May Impact Your Business

VCFO

Blog Finance CFO Consulting financial strategy operational advice strategic planningASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB).

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Benefits of Fractional HR Leadership

VCFO

The basics of getting new employees onboarded and ensuring that paychecks go out on time may be fundamentally covered, but bandwidth and strategic expertise for other pressing HR needs often does not exist internally. 2. Strategic HR Expertise.

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Financial Forecasting Best Practices and Tips

VCFO

Financial forecasts are critically important planning tools. Effective business planning requires an understanding of the desired end game for the entity. Be conservative (but also plan for best and worse cases). Blog Finance financial strategy forecasting strategic planning

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Components of a Successful Sale Transaction

VCFO

buyer) is only achieved through careful planning and an unbiased look at the business. Personal Transition Planning. Personal transition planning is a process that can be used to not only prepare for an exit, but also to de-risk the business and simplify life.

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DE&I Implementation & Strategy

VCFO

These interactions often lead to discussions about longer-term, more strategic issues like sustainability and diversity, equity, and inclusion (DE&I). DE&I Implementation – Good Intentions vs. Strategies that Drive Results.

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Budgeting Methodologies: Analyzing the Advantages & Disadvantages

VCFO

Encourages commitment to the plan. Blog CFO Consulting Finance financial services strategic planning

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Do CFOs Add Value to your Business?

CFO Simplified

Strategically plan for the company’s future . A great CFO will save you more than it costs to hire them in operational insights and strategic initiatives that drive greater profitability and better, more efficient processes. Succession Planning.

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vcfo HR Team Expands with Addition of Karli Osgoodby, Senior HR Consultant

VCFO

vcfo is pleased to announce that Karli Osgoodby, SPHR, has joined the vcfo team and will be able to better serve our clients in the greater Denver area with strategic HR services. HR Consulting Press Release HR hr compliance Human Resources people operations Recruiting strategic planning

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Keep Proprietary Processes Secret

CFO Simplified

The company has never created a budget for planning purposes. Business Case Studies Internal Controls business development business process internal controls products proprietary processes services strategic planning

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