Not surviving but thriving

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

It’s hard to quantify agility – so don’t try

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

Normal planners need not apply

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

Not every company’s costs are led by their revenues

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

Disney bets on bricks-and-mortar live experience

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

Human forecasting wins the race when data is absent

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

AI won’t kill FP&A if it can reinvent itself as a trend-selector

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

Juice bar in a taxi cab

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