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Business

Mixing strategy with risk Logo cgma

  Free |   2015 |   04:15 min |   CGMA Magazine
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Scenario planning is more than talking about the "what ifs" in business. Finance should take on a leadership role, quantifying the risks and opportunities and sorting through the complexity of business scenarios.

Topics covered:
  • Management accounting: Business: Strategy, Advanced
  • Management accounting: Technical: Risk management & internal control: Risk management policies & procedures, Advanced

4 Comments/Reflections

Gareth Kendall

Gareth Kendall Nov 2015

One take away that I agree with and have learnt the hard way is a strategic plan or budget must be driven by the stakeholders such as marketing & operations and finance are there to be a business partner to aid them and not direct the inputs

Bekithemba Hwalima

Bekithemba Hwalima Sep 2015

As the company leadership engages in strategic planning and considers different possible scenarios, my role in the finance department is primarily to support the process and quantify the value of the different options as well as quantify the risks identified.

John Taylor

John Taylor May 2015

Assess market risk in context of business strategy.

Bring together financial planning and business strategy

John Taylor

John Taylor Apr 2015

Assess market risk in context of business strategy.

Bring together financial planning and business strategy

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