What next? Ten questions for CFOs - The McKinsey Quarterly - Ten questions for CFOs - Corporate Finance - Capital Management
What next? Ten questions for CFOs >
As companies shift their attention from fighting the crisis to getting the most from the recovery, CFOs must keep them focused.>MAY 2009 • David Cogman, Richard Dobbs, and Massimo Giordano >
Source: Corporate Finance Practice >
Excerpts:>
So the CFO’s judgment will be critical to push the management team’s thinking on the opportunities and to cast a dispassionate eye over the costs, benefits, and risks of pursuing them. Here are ten questions we think all CFOs should be asking themselves and their executive colleagues as the recovery approaches. Read the questions and tell us what you think a CFO’s priorities should be coming out of the crisis.>
1. What shape will a recovery take?
2. Have you restructured enough?
3. Is your supply chain sufficiently flexible?
4. Do you have a short list of acquisition targets ready?
5. Should you restart conversations with potential alliance partners?
6. Are you ready to divest newly underperforming businesses?
7. Do you have the financial resources needed for an upturn?
8. Have you taken advantage of the buyers’ market for talent and other resources?
9. Do you know what risks a recovery might bring?
10. Can you sell your recovery plan to investors? >
A few big ideas that become realities will be worth much more than a dozen that don’t quite get off the launching pad. Thoughtful CFOs will ask themselves which handful of bets could have the biggest payoffs and then mobilize the bulk of their time, capital, and resources to make those bets succeed. >
Read Full article: http://www.mckinseyquarterly.com/What_next_ten_questions_for_CFOs_2360
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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.
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