CFOs and accountants can hinder innovation, research suggests
CFOs and accountants can blunt businesses' innovation because they embrace accounting conservatism and often oppose changes that are disruptive but necessary, according to a research paper by Gilles Hilary, INSEAD associate professor of accounting and control. The fundamental problem is that accounting conservatism requires immediate recognition of possible losses but postpones recognition of revenue until it can be verified, the paper says. Knowledge.Insead.edu
How to build CFO-CMO cooperation
There is a communication gap between CFOs and chief marketing officers, a study shows. According to the study, CFOs report receiving less information from CMOs than marketing chiefs report sharing. In this blog post, Gene Morphis and Kimberly Whitler look at this issue and present steps these executives can take to improve communication. Harvard Business Review online/HBR blog network
|Building Workplace Trust 2015|
Interaction Associates' 6th annual research study tracking trust on the job, Building Workplace Trust, is out, and more than half of employees surveyed give their organizations low marks for trust and leadership. Yet this year's findings again point to how high trust leads to better outcomes and financial results — and even boosts innovation.
Have your career strengths become liabilities?
Qualities considered strengths in the workplace, such as creativity and preparation, can be debilitating if taken too far, author Jake Breeden says. For instance, a boss who is determined to be fair to everyone might end up rewarding poor performers. Take an online quiz to see whether you possess one of these "unexamined virtues." CNNMoney/Fortune
Business tips from an octopus' tentacle
Some octopuses change color to blend in with their surroundings, but they do so by delegating decisions about coloration to individual skin cells, writes Rafe Sagarin. Business leaders, too, can often achieve better results by leaving key decisions to individual workers. "[D]ecentralized organization yields faster, cheaper, and more effective solutions to complex problems," Sagarin writes. Harvard Business Review online/HBR Blog Network
|Transformational Journeys: Modern Business Planning|
Harvard Business Review explores why CFO's and their finance organizations must adapt to the changing landscape of their markets and how big data, organizational collaboration, and new cloud-based planning and analysis technologies are driving successful change.
Click here to access the report.
|How to Achieve IT Agility: A Survival Guide for IT Decision Makers|
When business teams add new apps and services to already-strained networks, IT departments are accountable for making everything work. Is your team ready for this challenge? Read this eGuide to learn how IT teams are automating their networks, why they're utilizing Ethernet fabrics and SDN, and what success looks like as they regain network control and business relevance.
Help SmartBrief cover SXSW Interactive!
SmartBrief will cover the South by Southwest Interactive Festival through Tuesday in Austin, Texas, and we need your help! SXSW has too many must-see events for our staff to cover, so we're turning to readers to help document the best panels as blog contributors. If you're headed to Austin and want to contribute to SmartBrief's blogs on social media, leadership, finance, food and beverage or education, check out our guest-post guidelines and send a note to Jesse Stanchak.
|The ROI of Privacy with TRUSTe Solutions|
Investment in a Data Privacy Management Platform can deliver significant, positive financial returns for corporate bottom lines. The "Total Economic Impact (TEI) of TRUSTe" Study explains how Forrester Analysts calculated a 151% ROI for TRUSTe customers. Download the study now.
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