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Why Everyone's Working So Hard

Marshall Goldsmith

They enjoyed incredible job security, great benefits, lifetime health care, and guaranteed pensions. Recently, in a conversation with the CFO of a blue chip company, I observed an example of the impact of this increased compensation. Instead, new technology has created a "24/7" mindset. Those days are gone! What happened?

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How CFOs Can Take the Long-Term View in a Short-Term Economy

Harvard Business Review

This, in turn, is triggering a shift in the perceived role of the CFO — from bean counters to planters of seed corn. Redefining the CFO role. After all, it’s the CFO who typically sets expectations about growth to investors and then allocates resources to ensure their organizations deliver. ” Many did.

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Shifting Finance from Controlling to Improving

Harvard Business Review

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.".

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Social Media Compliance Isn't Fun, But It's Necessary

Harvard Business Review

These hurdles aren't unique to financial services — insurance, pharmaceuticals, health care and government all face regulation, to name a few examples. Just ask Gene Morphis, ex-CFO of clothing retailer Francesca's. without any compliance process or technology in place.". The risks and penalties are real.

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Cutting Costs Without Cutting Corners: Lessons from Banner Health

Harvard Business Review

Among the approved recommendations were opportunities to save nearly $4 million in HR administrative cost by deploying more self-service technology supported by a shared services organization, nearly $8 million from insourcing second physician reviews of inpatient charts, and up to $3.5 Leading Health Care Innovation.

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Why Cybersecurity Is So Difficult to Get Right

Harvard Business Review

In general, organized criminals are trying to steal things of high value, and one of the most valuable industries, in terms of cost, is health care. So what you see is that criminals are going after health records because on the black market they can probably sell a health record of a person for about $50.

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Case Study: An Angel Investor with an Agenda

Harvard Business Review

Aside from stocks, he dabbled in an activist brand of angel investing: holding large stakes and board seats in several start-up health care businesses, all based in Spain. She didn't doubt the franchise owner's commitment to high-quality, holistic care; he was a star pupil in the most recent training course at headquarters.