Presentation IQ Business: Managing Risk for Growth

post-title

“We are data nerds who like studies,” said Fred Axsel to his captive audience during the 5th CFO South Africa Event in the Saxon Boutique Hotel on 3 October 2013. Axsel is Managing Executive at management consulting firm IQ Business. Together with his colleague Rob Brine he shared the results of IQ’s latest research in a presentation titled 'Innovate or Die vs. Innovate and Die? CFO Managing Risk for Growth’.

When organisations innovate their existing products and technologies or converge into new markets there are inherent risks, which need to be balanced against the potential rewards.
In the presentation Axsel and Brine shared a number of indicators for success and risk appetite – for example when implementing new technology.

“As South African companies we tend to hire two to three times more people compared to the United States and Europe to do the same processes,” was one of the findings Axsel presented. “Yes, people are cheaper here, but the total cost still comes out higher and the investment in technology is also still higher. That is something to be thinking about as a manager.”

Established in 1998, IQ is the leading, independent management consulting firm in South Africa. The company currently employs about 400 people in South Africa and prides itself on delivering hands-on solutions that make clients’ businesses more effective and efficient. Consulting, research and contracting are core to IQ’s services across its expertise areas.
These expertise areas cover people, process and technology change, risk and accounting services and strategic advisory services (through a partnership with NASDAQ-listed The Hackett Group).

IQ’s clients include financial services institutions, retail businesses, telecommunications operators that require dramatic improvements in productivity, cycle times and quality.

The IQ Business presentation by Axsel and Brine can be viewed here.

Related articles

A liberating force: how AI will enable our future profession

AI is reshaping finance and accounting by automating repetitive work, amplifying human judgement and creating opportunities for professionals to become more strategic advisers. Alfred Ramosedi, the president at CIMA and co-chair of AICPA, explores how the profession can harness AI while managing its risks and responsibilities.

Why the public sector is wary of AI

South Africa’s public sector has much to gain from AI, but outdated policies, data security concerns, limited resources and fear of unintended consequences are making officials wary of embracing the technology.

Your AI policy is creating the risk it was designed to prevent

Tightening AI policies can create the very risks they are designed to prevent, as employees turn to unapproved tools when approved options fall short. Dheren Singh argues that CFOs need fit-for-purpose AI, stronger controls and clear accountability rather than blanket restrictions.

Is it because I'm a woman?

Are the qualities often associated with women in leadership truly gendered, or simply human? Drawing on more than two decades of experience, this candid perspective explores the power of empathy, empowerment, cultural awareness and unexpected allies, and why women must learn to know their room, guard their energy and lead with their whole selves.

Finance is a significant factor in decarbonising Africa’s ICT sector

As Africa's ICT sector accelerates digital transformation, finance will play a pivotal role in ensuring that growth is matched by meaningful decarbonisation. Innovative funding models, strategic partnerships and renewable energy investments will be essential to unlocking a low-carbon future while expanding connectivity across the continent.

Top