HR Digest

NOVEMBER 20, 2020

The big shift in organizational needs and long-term reliance on digital solutions are creating demand for upskilling and reskilling across the globe. Power skills are long-lasting, transferable across a number of work environments and roles, and can developed. Coding, budgeting, and marketing operations are examples.

Skills 145

Skills Emotional Intelligence CFO Power 145

Lead Change Blog

NOVEMBER 6, 2018

They write: “Just because the business world has always operated one way doesn’t mean it should keep operating that way. ” CFO Jon Verbeck gives us a major pointer for increasing our profits, and helps leaders understand these important elements of running a department or business. shared Work is Broken.

Leadership Development 269

Leadership Development Development Leadership IAS 269

Lead Change Blog

NOVEMBER 7, 2016

What’s more appropriately called executive managerial leadership (as opposed to the overused, feel good term “leadership”), those at the helm of companies or government agencies have huge responsibilities.” In this post, Virtual CFO Jon Verbeck explains the important parts of a financial dashboard for your company.

Leadership Development 331

Leadership Development Development Leadership 360-Degree Feedback 331

Lead Change Blog

NOVEMBER 7, 2016

What’s more appropriately called executive managerial leadership (as opposed to the overused, feel good term “leadership”), those at the helm of companies or government agencies have huge responsibilities.” In this post, Virtual CFO Jon Verbeck explains the important parts of a financial dashboard for your company.

Leadership Development 201

Leadership Development Development Leadership 360-Degree Feedback 201

Miles Anthony Smith

MAY 2, 2018

If you’re successful, your brand will leave an impact long after you’re gone. It's an extension of yourself that lingers even long after that person has left your website, book, show, or other piece of content. Unlike a business, your personal brand doesn't have hours of operation, it simply is 24/7/365.

Brand 68

Brand Examples Career Godin 68

Harvard Business Review

JULY 17, 2017

Closing this gap requires much more than short-term fixes, like adopting new technologies. Businesses need to organize around long-term strategies for growth and partnership in a sustainable way. The current innovation model in the finance sector is designed to generate the highest possible short-term returns.

Industry 12

Industry Short-term Planning Long-term 12

Harvard Business Review

NOVEMBER 25, 2013

Just 36 percent of CMOs, for example, have quantitatively proven the short-term impact of marketing spend, according to the 2013 CMO Survey (and for demonstrating long-term impact, that figure drops to 32 percent). CMOs need to start building this relationship by having a clear understanding of what CFOs expect.

CFO 8

CFO Short-term Long-term Benchmarking 8

Harvard Business Review

DECEMBER 25, 2014

In the case of Rohm and Haas this process began in earnest in 1985 with the appointment of a Greek national, Dr. Basil Vassilou, to head our operations in Europe; followed by a Cuban, Henri Martinez, heading our Latin American operations starting in 1988; an Indian American (myself) heading up Asia Pacific operations in 1993.

Team 12

Team Diversity CFO TSR 12

Harvard Business Review

AUGUST 5, 2016

Second, signing long-term power agreements for 15 to 20 years is hard for any company to swallow, and they often struggle with how to handle the accounting (is the contract a lease? So the PPA terms that retailers and tech companies sign have not worked for the heavy guys. Is it a liability, an asset, or something else?).

Energy 8

Energy Industry Finance CFO 8

Harvard Business Review

OCTOBER 30, 2017

Over a period of years, every GE senior manager would learn the lean startup methodology, and GE would be the showcase for how modern companies use entrepreneurial management to transform culture and drive long-term growth. So is John Rice, the head of global operations, along with CFO Jeffrey Bornstein. Comstock is out.

Ries 8

Ries Long-term Short-term Price 8

Harvard Business Review

APRIL 13, 2012

Many people assume it's all about moving to a "pay-as-you-go" (PAYG) model and while this is certainly a big piece of it, it also involves operating versus capital expenses, subscriptions to services, and customers paying for outcomes (not technology). Why should a toy or cosmetics company own and operate multiple data centers?

CFO 15

CFO Operations Budgeting Technology 15

Harvard Business Review

APRIL 16, 2012

To enhance financial flexibility, companies have been retaining unprecedented amounts of cash on their balance sheets, calling it "strategic" cash to distinguish it from the "operating" cash that is needed to run the business. high technology or pharmaceutical) that are investing in projects with uncertain long-range payoffs.

Company 13

Company Cost of Capital Finance Long-term 13

Harvard Business Review

OCTOBER 18, 2018

It had been a long day at the company’s Birmingham, England, headquarters, and in the early evening the two were going over the evaluations of each of Lance’s direct reports. Lance was struck by what he saw in CFO Damon Ewen’s file. His CFO and his sales chief had been at loggerheads for a while. Lance sighed.

Case Study 13

Case Study Team CFO Merchandising 13

Strategy Driven

JANUARY 28, 2011

But all too often, the long lag time between recognizing the need for a new solution and actually purchasing and implementing it leads to lost sales, lost opportunities, and lost productivity. StrategyDriven effective executives, efficient employees Home About The StrategyDriven Organization Our Company Our Contributors Karen K. Dickens Jr.

Servant Leader 50

Servant Leader Newsletter Resources CFO 50

Harvard Business Review

SEPTEMBER 11, 2015

Today, many high-profile companies— Cisco , Google , IBM , Samsung , Siemens , Disney , Volkswagen and Deutsche Bank , to name a few—contain such roving consulting groups to help solve the most critical strategy and operations problems throughout the business. To succeed long term, winning on price alone is not sufficient.

Consultative 8

Consultative Team How To McKinsey 8

Harvard Business Review

FEBRUARY 26, 2016

Balancing the short-term and long-term is a dynamic leadership challenge. ” Immelt elevated marketing and digital media when he promoted Beth Comstock to vice chair, while other positions, including that of the CFO, are at the senior vice president level. Tom Watson, Jr. Make the tough calls on people. Cut layers.

Short-term 8

Short-term How To Venture Capitalist CFO 8

Harvard Business Review

JANUARY 19, 2015

When you borrow talent, you obtain what you need more cost effectively than hiring it and without making a long-term commitment; and when you lend talent you’re offering your stars and high-potentials new opportunities for growth and development that they might not otherwise get within the confines of your organization.

CFO 8

CFO Leadership Development Telecommunications Cost 8

Strategy Driven

OCTOBER 21, 2011

Twelve cases are written as narratives with multiple teaching points, but without a focus on a particular business decision; the remaining twenty-three cases were written around specific conundrums related to strategy, operations, finance, marketing, leadership, culture, human resources, organizational design, business model, and growth.

Learning-by-Doing 62

Learning-by-Doing Price Bottom-up Finance 62

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

JANUARY 30, 2013

In fact, Amazon was only operating at such a high burn rate because it could. And while it has certainly burned many buyers of Amazon shares through the years — Amazon's stock price took a decade to get back to its 2009 peak — the long-run returns have been spectacular. In Morten T. billion in bonds the year before).

Training 10

Training Bond Christensen Long-term 10

Harvard Business Review

NOVEMBER 18, 2013

Noski, former CFO of Bank of America. Thompson and his colleagues have up-for- consideration several long-term Microsoft managers and a former executive, Stephen Elop, recently reacquired when Microsoft purchased much of Nokia. Their prior question here is sure to be the company’s long-term strategy.

CEO 8

CEO Committee P&L Charan 8

Harvard Business Review

MAY 23, 2018

Recall that Nokia dominated the mobile and smartphone markets in 2007-2008 when Apple launched the iPhone and Google the Android operating system. The new rivals revolutionized customer expectations, causing Nokia’s Symbian operating system to become outdated.

Strategy 8

Strategy Analysis Operations CFO 8

Harvard Business Review

JANUARY 12, 2015

One CEO told me she was considering firing her CFO because he consistently ran his monthly financial report by the Operations VP before showing it to her and, as she realized, was letting the Operations VP unduly influence when revenues and expenses were recognized. Insiders tolerate ambiguity and uncertainty.

How To 8

How To CEO P&L Uncertainty 8

Harvard Business Review

JANUARY 14, 2015

Brownout, a term also used to describe part of the life cycle of a star, is different from burnout because knowledge workers afflicted by it are not in obvious crisis. However, these executives are often operating in a silent state of continual overwhelm, and the predictable consequence is disengagement.

CIO 8

CIO CFO Crisis Execution 8

Harvard Business Review

JANUARY 15, 2016

The second leader is Jennifer, a leader in operations with a team that had recently doubled in size after an acquisition. We need the courage and confidence to demonstrate a “beginner’s mind” — a term from Zen Buddhism, referring to having an openness to learning, even at an advanced level. You and Your Team.

Safe Harbor 8

Safe Harbor Goal Class Self-aware 8

Harvard Business Review

APRIL 9, 2015

“Introduce yourself, and take a little time to get to know people, how they operate, and how they act.” It could be about process — like how long the talks should take, and how the other side tries to involve stakeholders — which still gives you context that might prove useful. Make small talk.

Supply Chain 8

Supply Chain How To Price Case Study 8

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. How long will it take you to get those traffic numbers up?” But that offer won’t stand for long.

Case Study 8

Case Study Travel Hotels NPV 8

Harvard Business Review

SEPTEMBER 22, 2011

In most larger companies, you'll need to generate roughly 200+ responses per operating unit per period. Your CFO and finance team can take a leadership role here. On the macro level, you can estimate the value of achieving customer loyalty leadership in terms of market share gains or revenue growth.

Incentives 10

Incentives Sample Customer Loyalty Metrics 10

Harvard Business Review

APRIL 30, 2015

To learn more about this commonly used business term, I spoke with Joe Knight, author of the HBR TOOLS: Return on Investment and co-founder and owner of www.business-literacy.com. You may be wondering if this is the same as discount rate and the terms are sometimes used interchangeably, explains Knight. And how your company uses it?

Cost of Capital 8

Cost of Capital Cost Finance Discount 8

Harvard Business Review

JUNE 24, 2014

What follows are edited excerpts from our conversation, starting with Barksdale’s account of where the bundling aphorism came from: Barksdale: It actually was a quote at the end of a very long road show when we were taking Netscape public, a trip through Europe that ended in London. You do it to get your stock price up.

How To 13

How To Technology Industry Venture Capitalist 13

Harvard Business Review

JUNE 20, 2016

First, directors face a real challenge in making sure that protection and alignment of key governance and risk management issues doesn’t crowd out equally important dialogue around strategy and operations. Obviously, no one wants to miss a short-term forecast or sales goal. I’m not against benchmarking and norming.

Benchmarking 10

Benchmarking Company Short-term Long-term 10

Harvard Business Review

JUNE 21, 2016

You used to be able to track everything with an Excel spreadsheet, personally designed by your CFO; now you’ve got an SAP installation in its place, supported by an entire IT department. In 2000, with more than $100 million in negative cash flow, the company agreed to be acquired by Star Cruises, a leading cruise operator in Asia.

Company 9

Company IPO Price Loyalty 9

Harvard Business Review

MAY 17, 2017

Lee is accused of donating $36 million to nonprofit foundations operated by a friend of the former president in return for political favors. Andrew Fastow, the former CFO, was sentenced to six years in prison. billion in financial fraud received only suspended prison terms. Lee has denied the charges. financial crisis.

Reputation 8

Reputation Crisis Loyalty Banking 8