The CFO as the Architect of Adaptive Management
Despite a number of compelling reasons to move away from annual plans and budgets, many CFOs are reluctant to make the change. They fail to recognize that there are alternative (and less dysfunctional) ways of driving performance improvement and making managers accountable for performance. CFOs need to implement systems that provide managers at every level with the capability to make fast, well-informed decisions. They need to replace annual planning cycles with more regular business reviews that enable managers to see trends, patterns, and "breaks in the curve" long before the competition. This chapter serves as a guide. This chapter is excerpted from "Reinventing the CFO: How Financial Managers Can Transform Their Roles and Add Greater Value."
- प्रतिलिपि अधिकार:
- 2006 HBS Press
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