Determining the keys to globalization success
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The complexity of globalization precludes any easy answers when it comes to achieving success for the finance organization. Every finance organization needs to understand the competitive landscape in which it exists in order to position finance as a true value-added partner that understands and provides strategic context around business decisions.
In order to do that, the finance organization needs to incorporate the following seven key lessons to position finance as a truly global organization that provides the capabilities, flexibility, and scalability to drive continuous business value over time. This first post introduces the seven keys. In subsequent posts I’ll expand on each one.
The seven keys to globalization success are:
Align finance capabilities with strategic intent
Align finance operating model to support strategic capabilities
Establish global operating standards
Control through a global governance model
Develop a global managerial mindset
Maintain a global performance monitoring system
Create a scalable yet agile organization
Global Business Services is a key design consideration as finance organizations position themselves for the future.
