Finance flash: the TOP-10 articles of week 5, 2019
Want to keep up to date with the latest developments in finance, but you are short of time? Don't worry. CFO South Africa weekly collects 10 of the most important articles from international media for your convenience.
1. In 1 Word, Richard Branson Gave Elon Musk Some Brilliant Career Advice
Arguably two of the most successful people in the world, Richard Branson and Elon Musk have a combined net worth of $25 billion. But neither is only about dollar bills. They're both committed to paths of a higher order, and their strong values are part of what make them role models.
2. The ethics of artificial intelligence
In this episode of the McKinsey Podcast, Simon London speaks with MGI partner Michael Chui and McKinsey partner Chris Wigley about how companies can ethically deploy artificial intelligence.
3. McKinsey’s Three Horizons Model Defined Innovation for Years. Here’s Why It No Longer Applies.
Over the years, HBR articles have referenced the Three Horizons as a foundation of innovation strategy. The Three Horizons allowed senior management to visualise what an ambidextrous organisation would look like. However, in the 21st century, the three Horizons model has a fatal flaw that risks making companies lag behind competitors – or even putt them out of business.
4. Mismatch: Finance Roles’ Importance vs. Performance
When it comes to evaluating the performance of corporate finance organisations, finance executives might be their own harshest critics. New research reveals striking disparities between the relative importance of a dozen roles that finance plays, and finance’s performance of those roles, as judged by 127 finance executives that Berkeley Research Group surveyed.
5. The collapse of Carillion a year on: the verdict
Colin Garvie, assistant professor at Edinburgh Business School, doesn’t mince his words when discussing the collapse of Carillion. He describes the outsourcing giant that imploded in mid-January 2018 as “amongst a select group of private contractors being awarded countless lucrative public sector service contracts. How could the UK government have awarded large and vital public service contracts to Carillion so soon after the company had issued a stark profits warning?”
6. Data Analytics May Be the Answer to Bringing HR and Finance Together
Both HR and finance need each others’ data to understand the implications of people-related decisions across the organisation.
7. Using predictive analytics in employee retention
The future of human resources is changing. Like the rest of the business world, chief human resource officers (CHROs) and their teams are beginning to find that they need to focus on building a robust analytics capability to best prepare for the data-driven world.
8. Communications in mergers: The glue that holds everything together
Structured communications are vital to clarify what comes next in a merger, separate fact from fiction, and forge success for newly combined organisations.
9. Spotify in talks to buy podcasting giant Gimlet Media
In a sign of just how big the podcasting business is becoming, music streaming giant Spotify is in talks to buy the podcasting company Gimlet Media, as reported by the Wall Street Journal late Friday.
10. Signs you’re overworked and overstressed
If you’ve found yourself to be uncharacteristically irritable lately, or you’re missing deadlines that you would typically meet, your mood and performance issues may be red flags of a deeper problem: overwork. Odd digressions in our behaviour aren’t always warning signals that we’re overstressed and on track for a breakdown, but sometimes the signs of overwork aren’t obvious.