Firms can benefit by integrating their planning, finance, risk, quality and HR planning and control systems.
Filed under: Finance, Operations, quality, strategy | Tagged: balanced scorecard, change management, compliance, control, feedback, goals, hedging, HR, improvement, IPO, kaizen, measures, objectives, opportunities, planning, process, regulation, risk management, strategy, TQM | Leave a Comment »
An integrated planning and control system must address many goals. Planning must prioritize, clarify, align, communicate and prepare. Reporting must deliver results while managing assets and risks.
Filed under: Finance, leadership, Operations, quality, strategy | Tagged: alignment, assets, change management, control, controls, critical success factors, emergency preparedness, goals, improvements, insurance, internal controls, liabilities, planning, priorities, reporting, risk management, SOX | Leave a Comment »
The growing complexity of the mortgage industry has exceeded the ability of the market or regulators to control it effectively.
Filed under: Finance, Progressive Center, public policy | Tagged: banks, credit default swap, Fannie Mae, Freddie Mac, investment banker, investment banks, mortgage, mortgage backed security, mortgage broker, securitization, self-interest | Leave a Comment »
Banking provides a valuable social function. It is a complex combination of risk management, business judgment and competing interests. Financial reform should be grounded in a solid understanding of banking, economics and human nature.
Filed under: Finance, Progressive Center, public policy | Tagged: agency, banking, banks, capacity, cash flow, character, collateral, conditions, credit, deposits, financial reform, fraud, hero, home, incentives, institutions, lending, mortgages, politicians, populism, regulation, regulations, risk, self-interest, stewart, trade-offs, wonderful life | 1 Comment »
The financial decision-making paradigm of evaluating marginal costs and benefits has been criticized for many reasons in the last few decades. After modifications to address those comments, it remains the leading approach to modern business decision-making.
Filed under: Finance, quality, strategy | Tagged: cash flow, decision-making, marginal benefits, marginal costs, paradigm, qualitative, rational, ROI, tools | Leave a Comment »
Firms face important structural decisions in determining what combination of mass, modular and custom production is financially and strategically appropriate for their business. Employing more than one production strategy requires firms to deeply understand the incremental costs and benefits.
Filed under: Finance, Operations, quality, strategy | Tagged: ABC, custom, discipline, marginal benefit, mass production, modular, pareto, production, strategy | Leave a Comment »
Firms that have their financial house in order need to race to the labor market while supply exceeds demand and hire skilled, motivated team players to pursue the next cycle of business investments that deliver long-term value.
Filed under: business cycle, Finance, Labor markets, strategy | Tagged: business cycle, hiring, hiring freeze, HRIS, human resources, labor market, market failure, recession, recovery, recruiting | Leave a Comment »
