At the Virtual CFO Retreat 2020, a picture emerged of organisations under cost pressure, frequently shifting targets and a changing workforce. At the same time, there was a sense of excitement from senior executives about how to be more competitive through greater agility and faster decision-making, often underpinned by digitisation.
Here, business leaders tell Emma Carroll how they are juggling day-to-day challenges with preparing the business for new opportunities.
Featuring Commentary From:
, Chair, Howden Joinery Group: A good question to ask is: ‘If we weren’t already in existence, would we be created today?
, CEO, Criticaleye: Alignment has fractured on many Boards as fatigue has set in, pressure has increased, and leaders have started to disagree about the route ahead.
, Chief Growth, Officer Capita: CFOs need to be the executive focused on driving every part of the business to reinvent themselves by concentrating on the three North Stars of digital, data and talent.
, Former Group Chief Restructuring Officer, Rolls-Royce: You want to carry each stakeholder with you along the way, but you can’t always do that in sync with the aggressive timelines.
, Former CFO, Coventry Building Society: We need to get increasingly comfortable with ‘living in the grey’. As far as we can see, there is going to be significant uncertainty over the next 18 months.