Tag: Financial Control
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A strategic guide for enhancing performance in crises
A comprehensive study of Lean and Financial Control Lean and management control are two powerful tools that can help companies improve their performance and achieve their strategic goals in a crisis context. However, there is still some debate about how to best implement these tools, and what role leaders should play in the process. Leaders…
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Unlocking Success: Lean Management essentials for Managers
Cultivating Excellence As a manager, you play a crucial role in guiding your organization through the challenges it faces, especially in crisis times. We’ll break down key concepts and strategies that will help you effectively manage your team and contribute to your company’s success. 1. Financial control and Data analysis The foundation of continous improvement…
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Thriving in times of crisis: The power of Lean and Management Control in SMEs
Crisis-Proofing your business ? Embracing Lean’s transformational power In the world of business, navigating through turbulent times requires a strategic shift. Sustainable growth often faces threats, and organizations can find themselves challenged by stagnation or even a decline in competitiveness. During these periods, societal tensions may rise, and it becomes crucial to adapt strategies for…
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How to succeed in introducing Financial Control
Learn Financial Control the smart way The introduction of Financial Control aims to provide objective information for strategic management and decision-making. But the behavior of the different actors in the company always clashes with the technical dimension of Financial Control tools. Control indicators are perceived by some managers as a limitation of their supervisory power…
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The Impact of Lean Maturity on Financial Control Simplification
How Lean maturity simplifies Financial Control Torbjorn Netland (1) explores how Lean Manufacturing affects Financial Control systems and finds that they change after Lean implementation. One of the pillars of the Toyota TPS (Toyota Production System) house is to empower individuals (autonomy) and let teams make decisions on the shop floor instead of remote managers,…
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How financial control can enhance Agility and Value creation
The challenges and opportunities of Financial control in a dynamic and complex environment. The role of management control largely depends on the size and culture of companies, their sectors of activity, the internal and external environment, the strategies deployed, etc. Two aspects are frequently put forward : This rapid evolution of the function poses the…
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