Managing Your Team and Career Through Today’s ‘New’ Economic Realities – Part I

Most of today’s business leaders are experiencing a convergence of economic events unprecedented during their careers.

Increasing interest rates, low unemployment, the most transient workforce in 50 years, a complete rethinking of where we work from, and a plethora of technology choices are overwhelming finance leaders and their teams. This comes on top of a rapid rise in inflation over the past 24 months, leaving margins compressed and SG&A expenses soaring for many businesses.

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Why Give More than We Take?

We work our whole life to acquire things. Yet, when our physical being perishes we go empty handed. I guess that is what drives many of us to believe in an afterlife. When we die, our legacy in this life becomes the yardstick we are measured by.

Most of us hope our legacy includes being remembered as a giving person. My concept of a giving person is one who contributes more to society than they take. Undoubtedly, this is an imprecise definition, open to interpretation. “She was a giving person”, “He gave all of himself to the cause” or similar phrases are frequently used when people are being eulogized. To give something implies, we acquired or control whatever it is we are giving. Acquiring is pretty close to taking even if there is some type of exchange for it. Is “giving and taking” simply a zero-sum game?

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How AI Is Transforming the FP&A Career, The benefits, and the challenges.

The impact of artificial intelligence (AI) on the finance and planning (FP&A) career is undeniable. AI has the potential to revolutionize the way FP&A professionals work, allowing them to focus more on high-value tasks and less on manual, time-consuming processes. In this article, we will explore how AI is changing the FP&A career, the benefits it offers to professionals, and the potential challenges to consider.

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