When done well, financial reports can provide insights into the past, present, and future, helping the entire company manage volatility, navigate organizational complexity, meet compliance requirements, and drive the direction of operations. As a result, financial reports have never been more necessary to run the company or more in demand by stakeholders. .
Katharine Halpin, a former CPA who uses simple and practical methods to bring out the best in other people, teaches how accountability and alignment are the keys to creating a great culture in this episode of CFO Talk. She shares the 9 habits required to be a strategic leader in addition to other valuable stories during this 18 minute episode.
Like any industry, logistics has a multitude of terms that are commonly used but are foreign to executives unfamiliar with the day-to-day operations. To have a successful supply chain, the CFO must have a basic understanding of the terminology involved in the coordination and management of goods from all facets of the company, its suppliers, distributors, partners, and customers.
Have you heard this before?
“As much as I’d like to add another person to your team, we just don’t have the money in the budget. See if you can spread the work across the existing team.”
A strong risk culture, a proactive board and operational resilience are among the keys to successful reputational risk management.
As Warren Buffett once said, “It takes 20 years to build a reputation and five minutes to ruin it.” This rings especially true today, as high-profile crises – including handling a pandemic, economic collapse, cyberattacks, product recalls and damaging social media posts – are prevalent.