financial strategy Tag

In today’s troubled economic climate, cost concerns are spreading throughout the business community. As worries increase about excess spending, many businesses are feeling increasingly apprehensive about hiring outside assistance. However, while the tendency is to look inward for solutions to any issues, this may not be the best course of...

In these trying economic times, many companies are looking for ways to reduce expenditures. As more and more businesses are floundering and failing under economic pressure, it is becoming increasingly important to find means of keeping companies not just out of bankruptcy, but financially successful as well. For struggling businesses, the first...

Organizational change strategies such as rightsizing and restructuring are designed to transform companies into more efficient, agile, customer-driven organizations. However, these processes have both short-term and long-term consequences. Before undertaking a rightsizing/restructuring program, senior management should take pains to communicate the vision, process, expectations, and intended goals. Restructuring/rightsizing is a...

Negotiating contracts can be stressful, even for the most seasoned negotiator. For those new to the process it can be daunting. Ideally both parties are equally invested in the deal going through. But in most cases, one party has a greater need or desire, and there is an imbalance...

Pay policy plays a significant role in helping firms achieve organizational excellence. A carefully designed, well executed incentive compensation program will enable a company to attract, motivate and reward top-notch employees; sustain a creative, performance-driven work environment; and support behaviors that align with the organization’s business objectives, marketing goals and overall...

As the financial leader of an organization, the CFO formulates financial direction and oversees multiple departments that execute on initiatives in support of that direction. The CFO’s position often encompasses several roles: financial strategist, financial steward, manager of the firm’s financial operating model, and financial catalyst. CFOs looking to excel...