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January 3, 2013
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Business Finance Today 
  • Manufacturing expansion boosts U.S. economic outlook
    U.S. manufacturing activity shifted from moderate contraction in November to modest expansion in December, brightening the outlook for economic growth in 2013. An Institute for Supply Management index rose from a three-year low of 49.5 in November to 50.7 in December, on a scale in which anything higher than 50 indicates growth. Bloomberg (1/2) LinkedInFacebookTwitterGoogle+Email this Story
Your Bottom Line 
  • CFOs have a wealth of career choices in 2013
    Demand for finance chiefs has never been stronger, Ernst & Young's Thomas McGrath writes, citing the regulatory environment, the volatile macroeconomic environment and the increasing scope of the CFO role. CFOs are changing as well, with plans to pursue executive options beyond the finance department. "What is evident is that for most, the skills they hone as CFO will be used in some capacity," McGrath writes. Business Finance (1/2) LinkedInFacebookTwitterGoogle+Email this Story
  • Some risks remain unaddressed with cloud computing
    Cloud computing is an attractive option because of its agility and lower costs, but executives need to be aware of related compliance risks, James Kaplan, Chris Rezek and Kara Sprague write. Companies need to make sure sensitive data is protected and that regulations regarding where certain data can be stored and who can access it are met. Unfortunately, public-cloud providers cannot provide all of the necessary assurances. "How to draft the required terms and conditions will remain an open question until litigation has identified the critical issues and legal precedent has been established for resolving those issues," Kaplan, Rezek and Sprague write. McKinsey Quarterly (free registration) (1/2013) LinkedInFacebookTwitterGoogle+Email this Story
In the C-Suite 
  • How to lead like Bilbo Baggins
    Viewers or readers of "The Hobbit" might assume the wizard Gandalf or the dwarf Thorin are the adventurers' only leaders, but as the tale progresses, it's the meek, reluctant Bilbo Baggins who emerges as the true hero, Doug Guthrie writes. "Ultimately Bilbo rises to the occasion, despite the fact that his colleagues don't always think he's up to it," Guthrie writes. Forbes (12/27) LinkedInFacebookTwitterGoogle+Email this Story
  • How social and mobile tools boost sales productivity
    Companies may be able to enhance their productivity by providing their salespeople with mobile and social CRM systems, research suggests. "Whether your organization is using social, mobile, or collaborative applications to facilitate sales cycles, one thing is for sure: Today's consumer technologies are having a transformative effect on businesses," writes Kelly Liyakasa. CRM magazine (1/2013) LinkedInFacebookTwitterGoogle+Email this Story
On the Move 
  • Devinder Kumar has been promoted to CFO at Advanced Micro Devices. He has been corporate controller at AMD since 2001 and interim CFO since September. Fox Business/Reuters (1/2) LinkedInFacebookTwitterGoogle+Email this Story
Off the Charts 
  • World leaders flock to Twitter
    Three-fourths of world leaders use Twitter, the Digital Policy Council says. President Barack Obama, who has 24 million followers, has the most among world leaders. 24/7 Wall St. (1/2) LinkedInFacebookTwitterGoogle+Email this Story
SmartQuote 
The calls from shareholders and corporate directors for CFOs to serve on corporate boards are becoming louder."
--Thomas McGrath of Ernst & Young, writing at Business Finance
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