HR Digest

OCTOBER 22, 2018

The HR is supposed to be a true partner to the CEO, just like the CFO. These could be by moving employee positions, recognizing hidden talents or bringing external individuals to develop capability in a new technology. Most CEOs rank HRs as the eighth most important function in their organization, according to a research by McKinsey.

CEO 63

CEO CFO McKinsey Human Resources 63

Mike Cardus

SEPTEMBER 17, 2013

The cooperation loop is a mindset of working to find cooperation …any size large and small and develop practice of building from that cooperation. On time budget requests and updates from project managers up 48%. We know the Resistance Loop. For that loop to exist the Cooperation Loop must also exist. Follow up 3 months later.

Cooper 139

Cooper Succession Finance Resistance 139

Strategy Driven

JULY 27, 2018

This may seem obvious, but it can become easy to lose track of your expenses and begin spending outside of your budget. Some tips for keeping track of your business expenses include developing a bookkeeping system, setting up a payroll system, and determining your tax obligations. Periodically Review Expenditure. Hire a Professional.

Tips 52

Tips Management Budgeting Discount 52

Strategy Driven

DECEMBER 31, 2015

I coined the terms in the 1980s to describe elements of a change management process I developed (Buying Facilitation®) that coaches buyers through their behind-the-scenes change issues they must handle before they can buy – a consulting process to help them get their ducks in a row. Find budget. meet with BDT. Tech guy resistant.

CFO 50

CFO Consensus Budgeting Brand 50

Surviving Leadership

OCTOBER 29, 2018

There is a noticeable focus on “culture” lately, whether the topic is recruiting, engagement, development, retention, what have you. At this meeting, employees heard from the CEO, CHRO, General Counsel, COO, CFO, CMO, and any business leaders spearheading a major initiative. It’s all good stuff to discuss.

CFO 58

CFO P&L Call Center COO 58

Harvard Business Review

OCTOBER 11, 2011

The typical approaches of budget cuts and layoffs usually don't result in sustained changes to their cost structure — the costs creep back. The mistake they make is to keep a tight grip on budgets to try to achieve their cost targets. The organization replaced the budget with a quarterly forecasting and planning process.

Budgeting 11

Budgeting Chief Financial Officer Cost CFO 11

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. The UC Berkley budget gap has grown to $150 million, & still the Chancellor is spending money that isn't there on $3,000,000 consultants.

Blog 401

Blog Gordon CEO Consultative 401

Harvard Business Review

DECEMBER 17, 2015

A new study by The Bridgespan Group, based on a survey of more than 400 nonprofit C-suite executives and dozens of interviews, surfaced this surprising finding and discussed how to address this leadership development deficit. Another example of successful talent development and mentoring is Good Shepherd Services in New York.

Development 8

Development Mentor COO CFO 8

Harvard Business Review

JANUARY 11, 2016

Since then, as the composition of top executive teams has changed, responsibility for leading strategy development has been shared by more members of the C-suite. The 1990s saw the rise of the strategic CFO, and more recently many companies have created a chief strategy officer (CSO) position. There are two reasons for this.

Strategy 8

Strategy CFO Finance Short-term 8

Harvard Business Review

NOVEMBER 25, 2013

In our experience, companies that adopt this marketing analytics approach can unlock 10–20 percent of their marketing budget to either reinvest in marketing or return to the bottom line. CMOs need to start building this relationship by having a clear understanding of what CFOs expect. The opportunity is enormous.

CFO 8

CFO Short-term Long-term Benchmarking 8

Harvard Business Review

OCTOBER 26, 2011

As finance shifts its focus from controlling costs to advising managers on improvement activities, CFOs must change their thinking and behaviors. Getting the CFO on board is key. CFO Tim Olson of ThedaCare , a healthcare system in Wisconsin, went through a similar conversion. Then I became an advocate. Now I know that.".

Finance 10

Finance CFO Budgeting Operations 10

Harvard Business Review

JULY 8, 2013

Either you couldn''t develop an insider, or the external environment has shifted enough that you need someone who can come in and really drive transformational change. You may have to be selfless, give up some of your budget. The CFO in particular is one where outside CEOs really need to get the person they trust. It could be.

CEO 10

CEO CFO COO Industry 10

Harvard Business Review

APRIL 18, 2014

The project budget paid for the software and not a lot more. BlueArc’s CFO, Rick Martig, and other executives gathered market data to support the investment in the mid-tier data storage product. Martig was a seasoned CFO with years of forecasting experience in technology firms. Its growth had been derailed. Forecasting acumen.

CFO 8

CFO Venture Funding IPO Retail 8

Harvard Business Review

APRIL 13, 2015

“We’re really not budgeted for that,” the leadership team explained. After a series of expensive problems with its Dreamliner development, its CEO, Jim McNerney , revised the company’s innovation ethos, declaring its era of boundary-pushing “moon shots” over. Take Boeing.

CFO 8

CFO Innovation CEO Airlines 8

Harvard Business Review

NOVEMBER 17, 2011

And by forming a relationship with this person, you can develop that perspective too. Through this increased interaction, we developed a comfortable relationship. Developing this relationship definitely had a positive impact on my career. Although my boss wasn't interested in this topic, her boss was. Here are some suggestions.

Public Relations 15

Public Relations Human Resources CFO Career 15

Harvard Business Review

SEPTEMBER 9, 2014

We’ve spent an awful lot of money on technology, but I still see people working in the old way,” complained the CFO of a large hospitality company. Faced with limited budgets, companies focus on the most tangible part first – deploying the technology. Plan and budget for adoption from the start. Why does this happen?

Technology 8

Technology Metrics Budgeting CIO 8

Harvard Business Review

MARCH 9, 2017

These pieces of advice have helped “move the numbers” as part of broad-scale corporate retention programs I’ve developed. Invest significant time in training and mentoring a junior colleague so they can run the budget meetings without you. They’ve worked for the individual professionals I’ve coached.

Stress 15

Stress Long-term Short-term Contingency Plans 15

Harvard Business Review

JULY 25, 2017

It also informs future spending levels, allocation of the budget across programs and media, and which messages a marketer chooses. “In principle, managers should try to estimate the full cost of the marketing activity, including creative development, media spend, and customer-facing staff time.”

ROI 8

ROI Marketing Marketing Mix Short-term 8

Harvard Business Review

SEPTEMBER 25, 2013

In today’s resource-constrained environment, many of us are delivering 120% on the current demands of our job—but devoting little time to developing ourselves further or positioning ourselves for a future move. If you’re ambitious but your job offers you limited opportunities for exploration and growth, what can you do to develop new skills?

Porter 10

Porter Delegation Learning-by-Doing Project 10

Harvard Business Review

SEPTEMBER 11, 2015

Like any firm in need of business development, we build relationships with executives across the company, and pitch proposals. the CEO’s or CFO’s), but rather serve the needs of our internal project sponsors (usually at the CXO, EVP, and SVP level). .” Our group welcomes the competition.

Consultative 8

Consultative Team How To McKinsey 8

Harvard Business Review

JANUARY 15, 2016

Take charge of your own development. Jennifer relished her identity as a caring leader and strong developer of talent. He also saw how Sheila, his CFO, was going to be a critical expert for the group in a year where costs and budgets were coming to the forefront. You and Your Team. Improving Yourself.

Safe Harbor 8

Safe Harbor Goal Class Self-aware 8

Harvard Business Review

JANUARY 28, 2015

Here are our recommendations for how CMOs and COOs can develop a more collaborative working relationship: 1. Develop a shared vocabulary and shared metrics. Operations and marketing meet, discuss, and iterate what the final budget will be and what the ultimate goal will be. And that means setting up processes to respond rapidly.

COO 8

COO Planning Metrics Call Center 8

Harvard Business Review

JANUARY 16, 2015

For example, The Wall Street Journal might typically report something like the following: “Exxon Corporation has announced that it is moving forward with development of oil fields in Kazakhstan in order to meet the world’s demand for oil.” ” Fair enough: Exxon does want to find and sell more oil.

P&L 8

P&L Due Diligence CIO COO 8

Harvard Business Review

JANUARY 27, 2016

” “What sort of budget increase are you suggesting we ask for?” ” Ken turned to his CFO, expecting a reaction, and got one: “Respectfully, Mari-san, I would be extremely uncomfortable putting a request of that size to management. That’s the only way we’ll get to quicker turn times.”

Case Study 8

Case Study Airlines COO CFO 8

Harvard Business Review

JANUARY 31, 2018

In his late twenties, “James” was hired in a strategy and business development role inside a multibillion-dollar marketing and communications business. Eight months after being hired, he was offered the CFO position, leapfrogging the controller who hired him. Thirteen years later, he found himself the CEO of a $1.5

CEO 8

CEO CFO P&L Career 8

Harvard Business Review

MAY 14, 2012

For example, we sought the Office of General Counsel's help in developing terms and conditions for the contest. We collaborated with our CFO to think through the budget and prize strategy. He also committed to developing all of the semifinalists' submissions.

Innovation 11

Innovation CFO Learning-by-Doing Brainstorming 11