CFOs today find themselves trying to navigate an unpredictable economy with high-profile layoffs, an unstable world political environment, talent shortages, and global inflation.
This collision of events creates a definitive moment for CFOs and the companies they guide. Research from management consulting firm Bain & Company shows that during the 2008 downturn the decisions that leaders made magnified the gap between top and bottom performers. In other words, the decisions that leaders make during economic downturns are especially critical.
This puts CFOs and their teams in the spotlight as keepers of the data needed to allocate resources and make trade-offs that boost profitability without strangling growth. To help CFO teams succeed in this high-pressure role, here are strategies and specific actions CFOs can adopt to help their organization emerge stronger from today’s uncertainty.
Technology is making it easier for patients to participate in clinical trials for rare diseases. In this episode of the Research in Action podcast, a longtime life sciences exec explains.
While nearly every organization benefits from cloud computing, individual circumstances dictate the how and why of getting there, making the financial impact study a crucial step in the decision-making process.
Industry 4.0, the manufacturing approach combining internet-connected shop-floor machines with computer analysis of production, can yield big efficiency gains. But it’s essential to be aware of the challenges and risks.
