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He spends about as much time thinking about Facebook and Twitter's businesses as he does using their products. They can scrutinize venture capital trends and what emerging companies are doing, especially in less trodden places like the Shenzhen Greater Bay and Israel. CFOs are also becoming increasingly cutting-edge within their companies, improving cash flow by finding new markets and revenue streams, and giving their firms a competitive advantage through the use of technology. 0000001435 00000 n It’s amazing how fast the coronavirus crisis moved and how transformative of an impact it made globally. All Rights Reserved, This is a BETA experience. 3 Top Priorities for AT&T's CEO John Stankey is looking to bring some focus to the telecom giant's business. Aaron Allen » Insights » Restaurant Leadership » How Restaurant CEO Priorities are Evolving in 2020. 0000001071 00000 n However, looking into the future, labor optimization and modernization require reinvention, reimagining, and dramatically different thinking. “I understand AI and machine learning at a high level,” confesses one finance chief. “but I lack both the time and expertise to properly evaluate them for my organization, much less fully incorporate them.”  Overwork is a challenge felt by many CFOs. Regulation and an unstable political environment are two more elements that give CFOs sleepless nights. Lars Fæste CEO Insider February 26, 2020. Wow… it’s 2020. More than ever before, CFOs recognize the importance of staying ahead of the curve. X�c���*O^\]��~�oΚ�+J��e&�^��Q0�˪h�t��n��`� The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. When Arex disclosed an 8.5% stake, Fiesta shares rose by 4%. To offset the rapid rise in labor costs around the globe, more creative strategies will need to be employed to maintain margins, market share, and guest satisfaction scores. ��#��#I%�2��*ڹ��W�1��*� Wagner explains that his company is going through a period of exceptional growth. You can think of us as a research company, think tank, innovation lab, management consultancy, or strategy firm. But at the end of the day, it is people that will still make the difference. Wendy’s outsourced its IT department to a third party, who will deal mainly with digital initiatives. Cumulative Growth of a $10,000 Investment in Stock Advisor, 3 Top Priorities for AT&T's CEO @themotleyfool #stocks $T. One such individual is Charlie Wagner, the CFO of Vertex Pharmaceuticals. Strong CEOs try to look around the corner. In total, 473 business leaders of companies with $50 million or more and 60% with $1 billion or more in annual revenue were qualified and surveyed. In the restaurant industry, certain pockets will be irreversibly changed. Digital business is something the whole executive committee must be engaged in. Cyber Security is the one area that has the immediate attention of CFOs. ©2020 Gartner, Inc. and/or its affiliates. After re-franchising (to only 8% corporate stores), CKE Restaurants consolidated Carl’s Jr. and Hardee’s headquarters into a smaller one in 2016. “However, this year the international part of such reach is complicated and compounded by a shift in the geopolitical landscape. Rather than focusing on only cost reduction strategies, enhancing. Adam has been writing for The Motley Fool since 2012 covering consumer goods and technology companies. Opinions expressed by Forbes Contributors are their own.

I am a founder and co-chair of the MIT Sloan CFO Summit, and co-created CFO Week, a one-of-a-kind learning experienced jointly executed by the CFO Leadership Council and MIT Sloan Executive Education.

n�3ܣ�k�Gݯz=��[=��=�B�0FX'�+������t���G�,�}���/���Hh8�m�W�2p[����AiA��N�#8$X�?�A�KHI�{!7�. “We are focused on getting this new drug to as many patients as possible, while also advancing our pipeline of programs in other serious disease areas” said Wagner. Jack McCullough Senior Contributor. All rights reserved. Wagner is 30 years into his career as a financial leader, but a relative newcomer in the biopharma arena. Imagine trying to recruit an intelligent and ambitious financial professional who is also considering offers from Facebook, Google, or any of the dozens of Silicon Valley unicorns. The annual Gartner 2019 CEO and Senior Business Executive Survey of 473 CEO and senior business executives in the fourth quarter of 2018 examined their business issues, as well as some areas of technology agenda impact. Nevertheless, the sense of opportunity is palpable. The best companies will establish themselves as resourceful, empathetic, local players in societies and communities around the world. We use cookies to deliver the best possible experience on our website. “These types of activities can be more difficult to maintain across multiple offices, but we continue to work through how they can be done thoughtfully and to the benefit of our people and culture.”. CEO Insider. ), so implementing other purely cost-cutting strategies would lead to cutting bone and ultimately undermining both the guest and employee experience. AT&T has raised its dividend for 36 straight years, and Stankey intends to make it 37 in December. The bold CEO responds by simultaneously managing the downside risk – right-sizing operations in fading businesses and maximizing cash flow – while at the same time investing aggressively where it really matters.

Learn more about leadership and how to drive digital innovation to the core of your business at Gartner IT Symposium/Xpo 2019. 0000000576 00000 n Stankey is prioritizing AT&T's dividend, which currently yields around 7.1%. Companies can use many techniques to identify opportunities, among them “hack-a-future,” innovation sprints and deep dives into patent data. You need to be faster to reorganize work, swap teams (and leaders) and rapidly test new things. The C-suite is not recalculating or computing as fast as the variables of the calculus are changing. The $3.1 trillion global restaurant industry is relatively predictable in terms of growth (it mirrors, Many restaurant executive teams are still planning with post-it notes and ballpoint pens while their competitors are harnessing theories, tools, and techniques that sound like, Many public company restaurant CEOs have been called on recently to answer for their sluggish responses to the emerging challenges that characterize the modern foodservice.
The most notable change in comparison to last year’s results is that a growing number of CEOs also deem financial priorities important, especially profitability improvement. Preview of…, C-19 Response: Big decisions for CEOs right…, Weathering the COVID-19 Crisis Means Being…. Reinventing and reimagining cost optimization strategies can help to find non-obvious areas to improve upon. Charlie Wagner, CFO of Vertex Pharmaceuticals. Growth is a high priority for most CEOs. According to the KPMG Global CEO outlook survey, the majority of CEOs surveyed said growth was even more important than achieving cost efficiencies.. Eighty-two percent of respondents agreed that they had a management initiative or transformation program underway to make their companies more digital — up from 62% in 2018. The company's net debt-to-EBITDA ratio currently stands at 2.63. CEOs Priorities For The 2020. AT&T racked up quite a bit of debt after purchasing DIRECTV and Time Warner over the last few years. Another 58% of CEOs have general concerns about this issue, suggesting that more CEOs anticipate it might impact their businesses in future.”. Blue Shield’s headquarters are located in San Francisco, where the unemployment rate is less than 2% and where they have the highest salaries in the country.

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