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" ... Once I did my fear setting and reforecasting, it was time to reset our company goals. The biggest misstep I’ve seen businesses make is to forge forward with the same goals they set at the start of the year. I don’t care if those goals took you months to create and align on; this is a new reality, which requires a new set of goals. Think about it like starting the year anew. You have to set goals for this new year. ... "
" ... Our finance departments have been busy this year reforecasting revenue, cost of goods and services, headcount and the supply chain. The list goes on to include cost lines such as office space. All of those other categories took priority as we managed to protect jobs, continue growth and serve customers through 2020. But I couldn’t help myself from challenging my CFO with the question: What if we took our office lease payments to zero? ... "
" ... Throughout 2020, as the rate of financial analyses and reforecasting spiked, business partners inside organizations also increased the frequency and depth of their information requests for financial insights and expertise. Sales, supply chain, HR, ESG, IR, real estate and IT leaders continue to seek more frequent and deeper financial insights. ... "