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 Adaptability
Remains Hard to Come By Managing Performance Volume 1, May 31, 2006
You already know the scenario by heart.
The strategic planning process took much longer than expected,
the level of detail in your operational plan is overwhelming
and your budget isn’t updated anywhere near as frequently
as you would like. It’s no surprise then that adaptability
to changing business conditions remains an elusive but critical
goal for most companies today.
Survey
Says Better Tools Are Needed Managing Performance Volume 1, May 31, 2006
Finance teams and business managers gather
and analyze historical performance information and build plans
for future business activities, large and small. Their information
requirements are vast. They need timely, reliable, unimpeachable
internal information from throughout their companies, and
external data on market, customer and competitor dynamics.
Accordingly, companies have invested aggressively in recent
years in systems to gather, store, analyze and report performance
data to internal and external stakeholders. Many of these
investments have paid off well, according to the finance executives
surveyed in this study, as executives report satisfaction
with their companies’ ability to meet basic reporting requirements.
Equally clear in the survey data, however, is finance executives’
broad dissatisfaction with their analytical, forward-looking
view of the business, both internally and externally.
Sam
Knox, CFO Research Services, Celina
Roger, CFO Research Services, Matthew
Papertsian, Cartesis, Inc.
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