Some firms have seized the opportunities created by the pandemic READ THE FULL GRAPHIC VERSION The downsides have been well documented. Few businesses would choose to trade in a global pandemic. Yet much less has been spoken about the positives, which – while much more limited – were very real. For many companies, the shock … Read more
Phil Young considers the agile tests that simply don’t measure up READ THE FULL GRAPHIC VERSION People are our greatest asset.” One hears this from time to time in motivational speeches. I sometimes jest with audiences in my seminars that, for finance professionals, people are expenses rather than assets. But whether the literal finance definition … Read more
READ THE FULL GRAPHIC VERSION A changed lexicon points to a changed reality Twenty years ago, I uttered some words to the wise. I told my seminar audiences that if they wanted to sound like an MBA or business consultant, they should, within the first five minutes of their presentation, use any of the following … Read more
READ THE FULL GRAPHIC VERSION Some firms play chicken on expenses Ask a business manager how each year’s operating budget is set. Chances are they will tell you that it is based on the revenue forecast: “We help the finance staff forecast next year’s revenue – and then they tell us how much we get … Read more
Enter the new ‘Race’ for revenue READ THE FULL GRAPHIC VERSION It’s a good idea to see your world through the eyes of others. In my workshops on finance for non-financial managers, I ask participants to imagine what their business would look like when viewed through the lens of their company’s finance staff. These staff … Read more
READ THE FULL GRAPHIC VERSION The Walt Disney Company is backing bricks and mortar over digital There’s an old expression that goes something like this: “You can tell what a company’s strategy is by where it puts its money.” I was reminded of this on a recent family vacation to Walt Disney World in Orlando, … Read more
READ THE FULL GRAPHIC VERSION Phil Young learns what happens when FP&A go beyond the numbers The apocalyptic effect artificial intelligence will have on financial planning and analysis (FP&A) jobs presents as a foregone conclusion. But it isn’t. In my previous column (Dialogue, Q2 2019, page 53), I showed how FP&A professionals can confront the … Read more
READ THE FULL GRAPHIC VERSION Brand equity is an imprecise moniker for a valuable thing, writes Phil Young I was partly amused. But I was mostly confused. The first time I heard the term ‘brand equity,’ my immediate reaction was one familiar to finance guys: “There go those marketing people again – throwing around … Read more
FP&A should cool it, writes Phil Young [button type=”large” color=”black” rounded=”1″ link=”https://issuu.com/revistabibliodiversidad/docs/dialogue_q2_2019_full_book/53″ ]READ THE FULL GRAPHIC VERSION[/button] A crucial group within a company’s business function is financial planning and analysis (FP&A). Essentially, this team is responsible for forecasting key financial indicators, such as revenue, profit and cash flow – and for tracking and analysing a … Read more
Value is being added in inventive ways in the digital age, writes Phil Young [button type=”large” color=”black” rounded=”1″ link=”https://issuu.com/revistabibliodiversidad/docs/q4_2018_fullbook/57″ ]READ THE FULL GRAPHIC VERSION[/button] There are numerous meanings and usages of the term ‘value-added’ – depending on the context in which the term is being used, i.e. finance, accounting, microeconomics, macroeconomics, or marketing. But in finance … Read more