Month: July 2019

4 steps to Innovation – first finance!

Guest post by Andy Burrows

I am still staggered when I think of the rate of change over my working life. It’s been transformed in less than 30 years.

There have been hard lessons for businesses that failed to adapt quickly. Just think of Blockbuster Video. They could have bought Netflix for $50m in 2000. Instead, they ignored it, and went out of business ten years later. Netflix is now worth almost $30bn.

Continue reading “4 steps to Innovation – first finance!”

Why your business planning needs Core and Edge

Guest post by Lance Rubin

If your finance department is going to operate effectively, it needs the right blend of three elements: people, process, and technology. Having each of these elements present in your function is easy enough, but getting the balance right is another thing entirely.

Taking a tech-first approach is, in almost all cases, a bad idea. Technology is never a driving factor – leading with tech is like offering up an answer without really knowing what the question is. But scrutinising the state of your current technology can tell you a lot about your people and processes, which is where the true balance comes in. Continue reading “Why your business planning needs Core and Edge”