Harvard Business Review

JULY 25, 2016

What receives far less attention is that, more and more in our increasingly complex, volatile, and fully-globalized business world, the effectiveness of such action depends on a powerful partnership between the Chief Financial Officer (CFO) and the General Counsel (GC). Compliance.

CFO 8

CFO Chief Financial Officer Compliance Due Diligence 8

Harvard Business Review

MARCH 23, 2015

If you want approval for a new project — purchasing new equipment or computer systems, applying for a patent, building a new store — chances are you need your company’s finance department on board. To get the green light, it helps to understand how finance people think. Finance & Accounting Tool.

Finance 8

Finance NPV CFO ROI 8

Harvard Business Review

OCTOBER 26, 2011

Yet this is exactly the challenge facing leaders of the finance function who are asked to help their organization improve the way that work is done. As finance shifts its focus from controlling costs to advising managers on improvement activities, CFOs must change their thinking and behaviors. Then I became an advocate.

Finance 10

Finance CFO Budgeting Operations 10

N2Growth Blog

JUNE 29, 2010

mikemyatt: RT @thinkBIG_blog: Cheap always costs you mo. Our Freedom. mikemyatt: The rigidity of a closed mind is the first s. mikemyatt: More thx @BradAustin1 @LeadershipWatch @GBSL. mikemyatt: RT/mention thx @AMAnet @SmartBrief @Leadersh. mikemyatt: A leaders Intellect should not be a depreci. All Rights Reserved

Blog 313

Blog Brand CEO Consultative 313

Harvard Business Review

APRIL 30, 2015

You’ll likely be asked to show that the return on the investment will be better than your company’s cost of capital. What is the cost of capital? “The cost of capital is simply the return expected by those who provide capital for the business,” says Knight. Finance & Accounting Tool.

Cost of Capital 8

Cost of Capital Cost Finance Discount 8

N2Growth Blog

AUGUST 22, 2010

If your CFO handles all communications with your banking relationships, and your Chief Investment Officer handles all of your investor relations, you’re flat out missing the boat. mikemyatt: RT @thinkBIG_blog: Cheap always costs you mo. If your CMO is making all of your brand decisions there will be h*ll to pay down the road.

Blog 417

Blog Gordon CEO Consultative 417

Harvard Business Review

JULY 23, 2013

At the same time, technology budgets are static or contracting, and non-IT execs want more attention to cost-cutting. Unlike the world of the CFO, management and staff generally do what they like when it comes to creating and (not) disposing of information, creating a cavernous gap in accountability. We know this.

CIO 8

CIO CFO Zero Based Budgeting Chief Technology Officer 8

Harvard Business Review

JANUARY 11, 2016

The 1990s saw the rise of the strategic CFO, and more recently many companies have created a chief strategy officer (CSO) position. Such friction is destructive — and a huge missed opportunity, because the CFO and the strategy head are far more effective when they collaborate. There are two reasons for this.

Strategy 8

Strategy CFO Finance Short-term 8

Harvard Business Review

MARCH 6, 2013

But this makes the still lingering CMO-CFO disconnect even more significant, as both executives are now stewards of that critical corporate data. We found that we shared a passion for finance, the stock market, innovation, and marketing (and, candidly, politics). Figure out the definitions. Understand both sides of risk.

CFO 8

CFO Advertising Finance Marketing 8

Harvard Business Review

NOVEMBER 25, 2013

This lack of an analytical approach has traditionally formed a barrier between marketing and finance. One financial services CMO told us how CFOs typically perceive his function: “We’re going to give a certain amount of dollars to those guys. They’re going to make ads and do whatever it is they do.

CFO 8

CFO Short-term Long-term Benchmarking 8

Harvard Business Review

MARCH 7, 2017

Employees and other constituents should expect HR to hold leaders accountable for fiduciary and strategic risks, just as a CFO would be expected to hold leaders accountable for a risky pattern of using corporate funds or resources. Are these acceptable growing pains? In one word: No.

Compliance 11

Compliance Hedge Human Capital Finance 11

Harvard Business Review

AUGUST 5, 2016

Under this financing structure, the company contracts to buy kilowatts, not the turbines and panels. They put up almost no capital and usually lower their day-to-day energy costs. It sounds like an easy win-win, but industrial companies have had a harder time making it all work for two key reasons: costs and accounting.

Energy 8

Energy Industry Finance CFO 8

Strategy Driven

OCTOBER 21, 2011

And the best thing about great customer service is that providing it doesn’t cost you an extra penny. Today’s small business owners need to understand that cutting costs will not save their business. After all, studies have shown that it costs much more to attract a new customer than it does to keep an existing one. magazine.

Learning-by-Doing 62

Learning-by-Doing Price Bottom-up Finance 62

Harvard Business Review

APRIL 16, 2012

This raises the question of whether retaining strategic cash makes economic sense and should be viewed as a legitimate corporate finance tool in today's environment. Often citing the maxim that "cash is king", CFOs know that strategic cash can enhance shareholder value in various ways. Arguments for Strategic Cash. It can: Save Taxes.

Company 13

Company Cost of Capital Finance Long-term 13

Harvard Business Review

OCTOBER 11, 2018

health care costs too much, the quality is uneven, and too many people can’t get the care they need. Creating better outcomes at reduced cost. For instance, open-heart surgery in one of these exemplar hospitals can cost $2,100, compared with $75,000–$150,000 in the U.S.; The real problem is that U.S.

Health Care 8

Health Care Insurance Cost Price 8

Harvard Business Review

JUNE 18, 2014

Research by our organizations — the Generation Foundation and KKS Advisors — suggests that the costs of regularly issuing earnings guidance, either quarterly or annually, may well outweigh the benefits, and likely contributes to this short-term focus.

Short-term 8

Short-term Long-term How To CFO 8

Harvard Business Review

MAY 4, 2012

Less Volatility in Stock Price: The net effect of providing guidance is arguably a less volatile stock price, which can result in a lower beta and a lower cost of capital. CFOs can be similarly transparent concerning the key performance metrics that will drive future revenue and earnings. FD) constraints.

CFO 10

CFO Metrics Price Depreciation 10

Harvard Business Review

DECEMBER 17, 2015

This comes at a significant financial and productivity cost to all organizations, as demonstrated by research in corporate settings : Onboarding an external hire can cost up to twice the departing executive’s salary, and the time it takes for an external hire to become productive is twice as long as for someone hired from within. .”

Development 8

Development Mentor COO CFO 8

Harvard Business Review

OCTOBER 3, 2018

At one point, the CEO indicated that he would know that the right shift had occurred when the CFO, chief strategy officer, and other C-level leaders were seeking the CMO’s advice on strategic business problems. “I needed to earn the right to be invited into key, firm-level strategic decisions.”

CFO 8

CFO CEO Agility Marketing 8

Harvard Business Review

MAY 1, 2011

(And Mark Perry , a professor of economics and finance at the University of Michigan, puts it in perspective with a handy chart.). First, I learned that the cost of an MBA in the flagship, 2-year program where I teach is roughly $100,000 , not counting lost earnings during full-time enrollment. It's not clear that they are.

Education 15

Education Human Capital Class CFO 15

Harvard Business Review

MAY 27, 2014

Bill Gates did not choose to take Microsoft private (it would have cost a lot ), and insider Satya Nadella became the company’s new CEO. Communication Finance Getting buy-in' I’d be interested, Palmisano replied, but only “if Bill took the company private.”.

Stage-Gate 9

Stage-Gate Strategic Planning Welch CFO 9

Harvard Business Review

FEBRUARY 10, 2015

Australia’s main CFO forum, the G100 , has shown interest in the topic and even published a paper offering broad support for integrated reporting, arguing that “corporate reporting reform is underway and CFOs should seize the opportunity to drive the reporting agenda.”

Human Capital 8

Human Capital CFO Banking Report 8

Harvard Business Review

DECEMBER 8, 2016

Listening, Derek Melis, his friend and CFO, was relieved. He felt it wouldn’t be cost-effective to add more controls at the group level. Please don’t let that cloud your judgment as CFO. ” “As the CFO, I can’t lose sight of what’s going on in each country.”

Case Study 8

Case Study Decentralization CFO Construction 8

Harvard Business Review

DECEMBER 18, 2018

.” As a result, Axelrod has worked to create a culture where everyone can have time for work and life, promoting flexible and remote work and opening an office closer to where people live to cut down on commutes – efforts which have reduced turnover and recruiting and training costs, and increased employee morale and productivity.

Banking 15

Banking Conference CEO Bottom-up 15

Harvard Business Review

SEPTEMBER 11, 2017

Your business model is still in flux, and flexibility is more valuable than efficiency and cost savings. Don’t get distracted by cost reduction. Strategies like outsourcing, hiring lower-cost people, or exotic employment offer tempting cost savings to the finance-minded folks. Don’t do it. What to do.

Metrics 13

Metrics Engineering Efficiency Learning-by-Doing 13

Harvard Business Review

AUGUST 15, 2013

But as their availability increased and their cost decreased — as they became ubiquitous — they became commodity inputs. They resist getting their hands dirty alongside the CIO, even though many of them will readily get down into the mud of a balance sheet with the CFO or strategize the details of global brand issues with the CMO.

CEO 8

CEO CIO Technology CFO 8

Harvard Business Review

OCTOBER 11, 2013

He renamed his company and put a team of engineers to work solving the product’s mechanical, food safety, cost, and design flaws. The business model centers on the old razor blade strategy: Sell the machine at just above cost and make high margins on the system’s consumable element – patented plastic pods. As CFO, A.J.

Case Study 8

Case Study CFO Hedge PR 8

Harvard Business Review

MAY 23, 2012

But according to Dina Dublon, former CFO at JPMorgan Chase and currently HBS professor of management practice, the empowerment and deployment of embedded risk managers was part of formal risk management at the bank well before the financial crisis. What would be the costs of such regulations? But was it?

Risk Management 9

Risk Management CIO Management Banking 9

Harvard Business Review

JANUARY 30, 2013

Well, he's a hedge fund veteran who has always taken a skeptical view of Wall Street, treating it more as a loopy rich uncle than the efficient information processor of standard finance theory. Bezos could get more interested in space travel than selling massive quantities of stuff at just above cost. Nobody complains.

Training 9

Training Bond Christensen Long-term 9

Harvard Business Review

SEPTEMBER 28, 2012

Every CEO, CMO, CFO, and business unit leader should ask themselves these questions: If I decided to launch a hedge fund based solely on the data our business generates, what kind of financial opportunities immediately suggest themselves? BIG DATA INSIGHT CENTER. Can You Live Without a Data Scientist? How to Repair Your Data. More >>.

Hedge 15

Hedge Core Competence CFO ROI 15

Harvard Business Review

FEBRUARY 25, 2014

But why pay for more staff when we have thousands of people willing to do the work at no cost? She explained that BrainGame’s current backers had been asking about growth plans, and Lena was pitching new groups for a new round of financing in two weeks. Later that day Guy Renou, BrainGame’s CFO, sat down in Lena’s office.

Company 9

Company CFO Proposal Engineering 9

Harvard Business Review

NOVEMBER 1, 2013

A study of CFO surveys shows that corporate financial professionals are way too sure of their ability to predict the future. Over the course of a decade, the CFOs were asked to state the range of one-year stock-market forecasts that they thought would lead them to be right 80% of the time. But do they? Global business'

CFO 8

CFO Survey Globalization Document 8

Harvard Business Review

APRIL 9, 2015

The winning company would not only design and install the project, but also finance it and own it for 20 years, selling power to the residents at a discounted rate. Jeff Haydock was spearheading bidding negotiations on behalf of a solar energy company for a large installation project in a Massachusetts town.

Supply Chain 8

Supply Chain How To Price Case Study 8

Harvard Business Review

MARCH 18, 2011

There are many moving parts in people's career decisions — family, the economy, finances — and you may simply not know what the next five years holds. The cost of turnover is high so one of my biggest concerns as a hiring manager is getting someone who will be around," says Butler. If you don't know, admit it.

P&L 18

P&L Committee Career Case Study 18

Harvard Business Review

SEPTEMBER 21, 2015

Lotta Tindal, the chief marketing officer for the Dutch hospitality group Ervaring Hotels & Resorts, hadn’t wanted to come to the presentation, but Gerard Bakker, Ervaring’s CFO, had twisted her arm. OTAs cost this business close to $3 billion each year. “Stop acting like a teenager,” he joked.

Case Study 8

Case Study Travel Hotels NPV 8

Harvard Business Review

OCTOBER 31, 2011

Coe's offered a monthly payment schedule and a shorter contract period (12 months versus four or five years), which meant higher fees each month but a lower cost of the eventual purchase. Back at the office, Stan stopped by to see his CFO, Carl Amirault. Besides, the cost of opening stores is just as high as here.". Terry asked.

Case Study 9

Case Study Marketing Real Estate Retail 9