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Our Strategy Is Not To Change Our Strategy

 

"What would you recommend a finance leader can do to avoid unclear or outdated strategy within a closely held or family business?"

This question was asked at a recent webinar, now available on-demand:

"Business Strategy & Leadership: Plan, Execute, Win!"

Please add your thoughts about it below. Thanks!

Answers

Patrick J. Stroh
Title: Advisory Board
Company: COSO
(Advisory Board, COSO) |

I'd suggest starting with facts. Those family leaders and owners should be coming to you for facts - so give them the brutal facts. You are their finance leader and adviser - make sure they understand the risks of unclear and outdated strategies - depersonalize it by talking about best practices or how others have failed due to this - and share that you are trying to be proactive and can help avoid this.

Good luck!

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