It's a question that business leaders ask of themselves and their teams each day. But after the events of the past year, it has taken on a new level of poignancy.
The events of 2020 forced many of us to shift our strategy, planning, and execution to adapt. Most of us faced the challenges of reforecasting and replanning while invoking phrases like 'unprecedented', 'V-shaped', 'U-shaped', and 'K-shaped'. The challenges we faced highlighted the very real shortcomings of organizational silos, fragmented systems, and disparate data.
Uncertainty is here to stay. So how can we identify and get ready for future disruptions? Companies that are adept at harnessing the power of connection can bring together ideas, data, people, and processes to build reliable scenario models and decision frameworks and enable collaboration at speed. These are the companies that will successfully navigate today's short-term challenges while establishing a foundation for long-term success.
In this second article by the Deloitte/Genpact alliance, we examine the vital role that the finance department plays in unlocking the power of connection to reinforce organizational resilience and drive growth.