Clash of the Titans: Managing the Strategy-Finance Tension to Advance Your Organization's Performance
Strategy execution is difficult in the best of times. It takes focus, agility, and the ability to make hard decisions, including making tradeoffs between short-term financial decisions and long-term strategic goals. In tough economic times-amid falling profits, staff reductions, and increased financial pressures from every angle-strategy becomes secondary for many organizations; survival becomes the imperative. The tension that has always existed between the strategy function and the finance function-a healthy checks-and-balances tension-becomes aggravated. How can companies control that natural, but escalating, tension so that they can adapt to volatile times without losing sight of their long-term strategy?