Three Ways CFOs Can Protect and Progress Their Business
These days, identifying and planning which factors are key to long-term success can be tricky. With the right approach, however, CFOs can ensure their business is prepared for the future and equipped to manage almost any obstacles along the way.
While short-term uncertainty might be front of mind, it is equally important for CFOs to keep sight of their business’ long-term strategy and lay the groundwork for scenarios, both plausible and unexpected. Many CFOs are now responsible for leadership outside their traditional finance remit - from directing strategy to influencing an entire business’ direction.
Businesses that have responded well to crises have tended to take actions that help in the short-term but also stay true to their long-term strategy. This often includes moving quickly to reduce operational costs but also protecting sales and growth. So how can CFOs keep sight of the future while reacting to the present?