Finance vs Strategy

Tom Spencer

A successful firm will need to pursue sound strategy and, at the same time, stay on top of its finances. Business Strategy consulting finance Management Consulting The financier cares about the next 3 months or less. The strategist cares about the next 3 years or more. The financier wants the deal to close as soon as possible so that he can earn his bonus.

Memo to the CFO: Get in front of digital finance—or get left back

McKinsey

Companies are still in the early stages of applying digital technologies to finance processes in ways that will create more efficiencies, insights, and value over the long term. Strategy & Corporate Finance InsightsHere is how the CFO can lead the way.

Seeing your way to better strategy

McKinsey

Viewing strategy choices through four lenses—financial performance, markets, competitive advantage, and operating model—can help companies debias their strategic dialogues and make big, bold changes. Strategy & Corporate Finance Insights

How to avoid digital-strategy pitfalls

McKinsey

Most digital strategies don’t reflect how digital is changing economic fundamentals, industry dynamics, or what it means to compete. Strategy & Corporate Finance Insights

Eight shifts that will take your strategy into high gear

McKinsey

Developing a great strategy starts with changing the dynamics in your strategy room. Strategy & Corporate Finance InsightsHere’s how.

Inside the strategy room: One CEO’s approach

McKinsey

Deanna Mulligan, president and CEO of Guardian Life Insurance, reflects on how she approaches strategy planning in an industry with strong headwinds. Strategy & Corporate Finance Insights

Bubbles pop, downturns stop

McKinsey

Strategy & Corporate Finance InsightsEconomic downturns are impossible to predict and sure as sunrise. Build resilience now, because when the sun comes up, you’d better be moving.

How to move fast: Innovation at speed and scale

McKinsey

Strategy & Corporate Finance InsightsLeading start-ups innovate, go to market, and scale quickly with limited resources. What can large companies learn from the start-up playbook?

Are your strategy discussions stuck in an echo chamber?

McKinsey

Strategy & Corporate Finance InsightsBuilding a “market-momentum case”—based on external as well as internal data—can help executives allocate resources more effectively and identify new sources of value.

Is a leverage reckoning coming?

McKinsey

Strategy & Corporate Finance InsightsNot yet. Despite rising corporate-debt levels, research shows companies can cover their obligations for now. But they should prepare for a possible downturn by stress-testing their capital structure.

Bias busters: Premortems: Being smart at the start

McKinsey

Strategy & Corporate Finance InsightsConducting a premortem can help teams anticipate project failure—and head it off at the pass.

China Faces "Minsky Moment" on Ponzi Financing

MishTalk

Inquiring minds are tuning into a report on the Ponzi finance setup in China. Our analysis indicates that China’s economy has arrived at that unstable state where speculative and Ponzi finance appear to dominate. Visit [link] to learn more about wealth management and capital preservation strategies of Sitka Pacific Most assume China can grow at 7% a year, a notion that I have challenged on many occasions. Morgan Stanley agrees.

Strategy Consulting – Reflections on the First Six Months

Tom Spencer

Amber Holzmeister graduated from the University of Chicago Booth School of Business last June, and began working at KPMG Strategy in San Francisco back in August 2018. I hate to admit this, but I wish I had taken more finance and accounting classes in school.

Improving the management of complex business partnerships

McKinsey

Strategy & Corporate Finance InsightsAdhering to four key principles can help companies increase the odds that their collaborations will create more value over their life cycles.

How Blockchain Is Changing Finance

Harvard Business

The New York–based venture capital firm Union Square Ventures (USV) broadened its investment strategy so that it could buy ICOs directly. The unstoppable force of blockchain technology is barreling down on the infrastructure of modern finance. Our global financial system moves trillions of dollars a day and serves billions of people.

Preparing for and managing through a downturn

McKinsey

Strategy & Corporate Finance InsightsAs talk of an impending economic downturn takes hold in the business world, executives can take thoughtful steps to help their companies better weather the storm.

Five Fifty: Decision factories

McKinsey

Strategy & Corporate Finance InsightsWant to reduce the staggering cost of bad decisions? Turn your organization into a “decision factory.”.

Bias busters: Resisting the allure of ‘glamour’ projects

McKinsey

Strategy & Corporate Finance InsightsDon’t starve maintenance projects of funds.

The pros and cons of activist investors

McKinsey

Strategy & Corporate Finance InsightsManagement teams that engage positively with attackers may find activist campaigns bring ideas that create value and improve shareholder performance.

Five Fifty: The need for speed

McKinsey

Strategy & Corporate Finance InsightsChanges in what people want, and where they want it, means companies must move fast—without breaking things.

The tougher competitors in emerging markets

McKinsey

Strategy & Corporate Finance InsightsCompanies in developing economies are becoming battle hardened as they vie for growth and plug into advanced technologies. Wealth is piling up in areas of economic vitality.

How to take the measure of innovation

McKinsey

Strategy & Corporate Finance InsightsBy combining two simple metrics, companies can gain valuable insights into their innovation performance.

BCG report: Improving the Odds – Strategies for Superior Value Creation

Consultants Mind

It was worthwhile read, even if you are not in corporate finance. Simply … Continue reading → Consultant Management consulting Consulting Boston Consulting Group Business Model BCG Strategy Boston Consulting Group released their 14th annual report on total shareholder value (TSR). They talk about global trends in economics, capital flows, investor expectations and business generally.

Universities and the conglomerate challenge

McKinsey

Strategy & Corporate Finance InsightsComplex business combinations have been unwinding for years. Will the bell toll for universities?

Short-term pain for long-term gain: The new CEO’s dilemma

McKinsey

Strategy & Corporate Finance InsightsCEOs who pivot to a longer view of health and performance make the right moves for their companies, though it’s sometimes their successors who reap the rewards.

How leading CEOs manage their middle tenures

McKinsey

Strategy & Corporate Finance InsightsFive principles are useful in guiding CEOs in their third, fourth, and fifth years on the job.

Need Clients Now? 5 Strategies to Quickly Get More Consulting Clients

Consulting Matters

EVEN if you feel the crunch on the finances, you do not want to under-value what you can bring to the table. If you want to achieve sustainable success as a consultant - ideally you want to create a marketing system to ensure you have a consistently full pipeline of right-fit clients.

Digital transformation: The CFO’s role

McKinsey

Strategy & Corporate Finance InsightsWith their role sitting at the center of the strategic-planning process and financial disciplines, CFOs are well positioned to become critical drivers of digital transformation.

How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

If you’re not a numbers person, finance is daunting. Even if you don’t need to know a lot about finance to do your day-to-day job, the more conversant you are on the subject, the better off you’ll be, according to Richard Ruback, a professor at Harvard Business School and the coauthor of the HBR Guide to Buying a Small Business. Here are some strategies to improve your financial intelligence. Stop avoiding finance because you’re afraid of numbers.

Bias busters: Up-front contingency planning

McKinsey

Avoid throwing good money after bad by developing “contingent road maps”—plans for updating your investment strategy based on unbiased feedback from the market. Strategy & Corporate Finance Insights

How to resist the allure of ‘glamour’ projects

McKinsey

Strategy & Corporate Finance InsightsShiny new initiatives can distract you from paying attention to other valuable but mundane projects and investments.

Need Clients Now? 5 Strategies to Quickly Get More Consulting Clients

Consulting Matters

EVEN if you feel the crunch on the finances, you do not want to under-value what you can bring to the table. If you want to achieve sustainable success as a consultant - ideally you want to create a marketing system to ensure you have a consistently full pipeline of right-fit clients.

Why transformations fail: A conversation with Seth Goldstrom

McKinsey

Strategy & Corporate Finance InsightsTransformations can fail for a variety of reasons, but most unsuccessful efforts share some of these ten weaknesses.

Eurozone unemployment falls to a ten-year low

McKinsey

Strategy & Corporate Finance InsightsMcKinsey’s latest Global Economics Intelligence report reveals a postcrisis high in eurozone employment, brightening the 2019 outlook.

The new CFO mandate: Prioritize, transform, repeat

McKinsey

Amid a raft of new duties for CFOs, our survey suggests that finance leaders are well positioned to lead the C-suite agenda by championing transformations, digitization, and capability building. Strategy & Corporate Finance Insights

Bias busters: Pruning projects proactively

McKinsey

Strategy & Corporate Finance InsightsCompanies hang on too long to underperforming assets. Continual pruning can help them avoid significant losses.

Economic Conditions Snapshot, March 2019: McKinsey Global Survey results

McKinsey

Strategy & Corporate Finance InsightsRespondents report an overall wary economic outlook and are increasingly concerned over trade. Yet there are signs of optimism among emerging economies and for companies’ prospects.

Building gender diversity on boards

McKinsey

Strategy & Corporate Finance InsightsMcKinsey senior partner Celia Huber explains how companies can build and benefit from gender diversity on boards.

How to be objective about budgets

McKinsey

Strategy & Corporate Finance InsightsAddressing anchoring bias can lead to more accurate budget forecasts, better budget conversations, and more dynamic resource reallocation.

Demystifying AI and machine learning for executives

McKinsey

Strategy & Corporate Finance InsightsIn this interview, Tamim Saleh cuts through the hype around artificial intelligence with guidance for executives about where and how to employ AI in their businesses.