Bernie responds to these questions in this CFO Talk episode:
What is the number one reason you urge your clients to use key performance indicators?
How important is it to experiment with your KPIs?
Revenue growth is another strategy of resilients. There are a number of such strategies for achieving growth in revenues that, in turn, contribute to the improvement in margins.
Most CFOs today run into the same problem – too much data and insufficient time. This can be incredibly frustrating in an environment that changes faster than London weather. As soon as insights about past performance are put into action, it is already too late!
One strategy to protect and/or increase margins is through acquisitions that can contribute to financial performance. According to the HBR, companies spend more than $2 trillion on acquisitions every year. Yet study after study puts the failure rate of mergers and acquisitions somewhere between 70% and 90%.
The world has moved online, and so have our bazaars. Large online e-commerce platforms are replacing offline channels as the preferred mode of buying, where the experience is digital and connected. This changing buyer behavior has compelled large e-commerce and even hybrid businesses to put the data at the center stage of their growth strategies.
