From the course: Finance Strategies for Business Leaders
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Consistency is key for financial strategies
From the course: Finance Strategies for Business Leaders
Consistency is key for financial strategies
- The world of finance can be wild and unpredictable. On the one hand you've got crazy financial markets that can move in a heartbeat, and on the other hand you have a competitor landscape that can be dog-eat-dog. This is why it's important for your finance team to demonstrate consistency, stability, and predictability because you don't want there to be any uncertainty in all of the crazy that might be going on outside your company. This means you need your finance people, processes, and controls to be consistent. You want finance people who are extremely stable and they might even come across as boring to some, but that doesn't matter. The important part is that your finance team can keep an even keel and make sure that your company operates smoothly. The world of finance and financial markets can be crazy enough without finance leaders adding to the lack of predictability. Even the CEO of a company can have more…
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