With shortened business cycles, increased competition, and rapidly changing technologies, companies need to be more nimble than ever. They must narrow the gap between strategy formulation and operation execution to guarantee success. The Strategy Gap will provide a framework that senior financial managers can use to ensure that their strategies are implemented successfully and that their corporations remain competitive. Filled with informative case studies and best practices for optimum financial processes, this valuable resource will help managers leverage information technology to successfully implement corporate strategies. This book also shows managers how to eliminate surprises in poorly managed or unforeseen activities, while applying new approaches to financial management for faster and more accurate business modeling. Expert advice from those who have used these strategies clearly explains how to integrate planning, budgeting, consolidation, and reporting into one cohesive management system.
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MICHAEL COVENEY is Senior Director of Strategy Management for Comshare, Incorporated, a leading provider of software to help companies implement and execute strategy.
DENNIS GANSTER is Chairman, President, and CEO of Comshare.
BRIAN HARTLEN is Senior Vice President of Marketing for Comshare.
DAVE KING, PhD, is Senior Vice President of Product Development as well as Chief Technology Officer for Comshare.
Praise for The Strategy Gap
"With a better handle on the financial pulse of the business, enterprises will be better able to meet the Street's expectations of financial transparency and corporate accountability. The writers do a masterful job of getting readers to this point of awareness, and further display their insight by explaining how corporate performance management (CPM) and finance are essentially ‘joined at the hip’ in concept and execution. This interdependence must be embodied in methodology and technology for CPM to work. Chapter ten (What Lies Ahead) is a must-read for C-level executives–and their IT counterparts–that want to quickly catch up on some of the new technologies shaping CPM and finance."
―Alan Y. C. Yong, Director, Financial Analytics, Aberdeen Group
"This book is a must-read for all students of business, from college students to CEOs. The authors have an uncanny ability to create excitement on topics that have been a part of business vocabulary for a long time. Without doubt, this book will also affect the thinking of software innovators who see opportunities for a new generation of software to support the book’s concepts and theories."
―Dr. G. R. Wagner, Distinguished Professor, Peter Kiewit Institute, University of Nebraska
"The Strategy Gap provides a pragmatic insight into where the barriers to execution of a corporate strategy are. Backed by excellent examples, we're shown not just 'here's what you should do' but also 'here's how to do it.' The book helps make the black art of turning strategy into tactics a clearer process that is more accessible to those who need it. The Strategy Gap is almost a handbook of how to take strategic decisions and support their execution with the help of information technology."
―Rick Crandall, Chairman, Giga Information Group
"This book authoritatively describes the disconnect between many companies' strategic planning efforts and the successful implementation of the plans. It combines academic rigor and practical 'how to.' It brings strategists' and technologists' knowledge together in a very insightful, readable, and useful book."
―Hugh Watson, C. Herman and Mary Virginia Terry Chair of Business Administration, Terry College of Business, University of Georgia
Praise for The Strategy Gap
With a better handle on the financial pulse of the business, enterprises will be better able to meet the Street's expectations of financial transparency and corporate accountability. The writers do a masterful job of getting readers to this point of awareness, and further display their insight by explaining how corporate performance management (CPM) and finance are essentially 'joined at the hip' in concept and execution. This interdependence must be embodied in methodology and technology for CPM to work. Chapter ten (What Lies Ahead) is a must-read for C-level executives-and their IT counterparts-that want to quickly catch up on some of the new technologies shaping CPM and finance.
--Alan Y. C. Yong, Director, Financial Analytics, Aberdeen Group
This book is a must-read for all students of business, from college students to CEOs. The authors have an uncanny ability to create excitement on topics that have been a part of business vocabulary for a long time. Without doubt, this book will also affect the thinking of software innovators who see opportunities for a new generation of software to support the book's concepts and theories.
--Dr. G. R. Wagner, Distinguished Professor, Peter Kiewit Institute, University of Nebraska
The Strategy Gap provides a pragmatic insight into where the barriers to execution of a corporate strategy are. Backed by excellent examples, we're shown not just 'here's what you should do' but also 'here's how to do it.' The book helps make the black art of turning strategy into tactics a clearer process that is more accessible to those who need it. The Strategy Gap is almost a handbook of how to take strategic decisions and support their execution with the help of information technology.
--Rick Crandall, Chairman, Giga Information Group
This book authoritatively describes the disconnect between many companies' strategic planning efforts and the successful implementation of the plans. It combines academic rigor and practical 'how to.' It brings strategists' and technologists' knowledge together in a very insightful, readable, and useful book.
--Hugh Watson, C. Herman and Mary Virginia Terry Chair of Business Administration, Terry College of Business, University of Georgia
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