There is a palpable sense that economic recovery is on the horizon. Equity markets are pricing in better times ahead and the debate has shifted from “Will there be a recovery” to “What shape will the recovery take”?
At the same time, boards of directors sensing that the market has bottomed out are transitioning form crisis management of debt, liquidity and headcount to something more normal. Yet many imponderables remain. What will be the outlook for inflation, bank lending, central bank intervention, currencies, debt and consumer demand to name but a few!
So how does one set a strategy in such volatile and uncertain times? What can be learned from our experiences over the last year? What systems and processes do we need at our fingertips to manage business operations whilst developing more reliable plans and forecasts?
To answer some of these questions FSN interviews Michael Coveney an expert in strategy management and author of the book, “The Strategy Gap” to discuss how organisations should respond to the current situation and how to take strategic advantage from a recovery. We will also explore the systems and process pre-requisites for tight financial management.