Tag: strategic planning

As South Africans prepare themselves for higher stages of load shedding in the coming colder months there remains a growing concern around the possibility of a total grid failure. A grid failure is described as a total or partial interruption or suspension of electrical power supply from the national, regional, municipal or private grid supplier resulting in widespread power outages.

As CFOs take on a more strategic role, other functions are increasingly looking to finance for near real-time and more accurate forecast reporting to make more informed business decisions. Although historical reporting remains relevant, organisations are looking to the finance role for instant guidance amid changing market dynamics.

There will be no sudden arrival of the cavalry to rescue us and that will affect the socio-economic change South Africa needs anytime soon. The only solution going forward is private/public co-operation and, as harsh as the statement might seem, it’s necessary.

Encouraging public sector organisations to become more innovative has always been important. However, doing so has likely never mattered more as the world wrestles with the challenges of the COVID-19 outbreak and recovery.

The human resources (HR) challenge for this new world of work will be that best answers for dealing with these tectonic changes will likely come from employees, and not from an HR or change expert. Remember our mantra here: we’re in uncharted waters. After five months of this pandemic, we hope we’ve all torn up our company policy documents.

New research shows a firm’s competitive advantage can last more than three times as long as previously believed and that companies with 'higher-order' resources can greatly outlast their competitors.