Do you want to “trim the fat” in your organization? You don’t need a big knife. Restructuring your finance activities may be the answer.
Companies are facing spiraling operating costs. Siri Terjesen, an assistant professor of strategic management, offers a host of potential solutions to this problem. She outlines what finance activities firms could modify to drive sustainable value. Though Terjesen’s work merely scratches the surface, getAbstract recommends her research to chief financial officers, chief operating officers and employees of global businesses who are looking for ways to reduce finance costs.
In this summary, you will learn
- What finance activities companies should look to outsource and offshore;
- What “drivers, costs and benefits” motivate firms to restructure finance activities; and
- What pros and cons accompany reorganization.
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