What large Corporations can learn from Agility as DNA of Finance Functions in Startups

René Cotting ()

Chapter Kapitel 11 in Agile Finance Transformation, 2023, pp 163-173 from Springer

Abstract: Abstract Agility is not a solution in itself but a means to an end. Namely, to always know where we are, how we got here, and where we need to go. This is even more challenging in a volatile, uncertain, complex and ambiguous operating environment. It includes creating transparency, consistently presenting the current situation, and highlighting the inconvenient truth, challenges, and opportunities. Those requirements are especially relevant for startups, but not only. We highlighted the vision of an agile world-class CFO function to partner with the business decision-makers to create value while operating at the highest legal and ethical standards with SPEED; concretely, with ‘simplicity, passion, effectiveness, efficiency and providing direction’ along the four levels of actions ‘people, organization, processes and systems’. In short: SPEED with POPS. Hereby, we concluded that large corporations could greatly benefit from the way agility is lived in startups.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-41332-3_11

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DOI: 10.1007/978-3-658-41332-3_11

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