In the continuation of our exposé into the roll of the CFO we provide in this video insight into the notion of Enterprise Strategic Performance Management (ESPM). The format of EPSM is an enhancement of, and addition to a more widely recognise Enterprise Performance Management philosophy and methodology. Initially the conversation draws a contrast between static strategic planning and the concept of Third Wave Strategy. More importantly however it describes the means by which an EPM based EPSM can contribute to an organisation becoming a Hyper, High-Performance organisation.

Rationale is provided to support this view of performance reporting. Empirical research has shown that Hyper, High-Performance organisations realise a 10% increase in revenue, a 29% increase in profit and a 23% increase in shareholder returns. Of course, Third Wave Strategy is concerned with shareholder and stakeholder outcomes - ultimately, as you will learn, the desired outcomes and focus will be a direct result of the targets set by each board and each leadership team of each corporation. Whichever orientation you support, you will find ESPM will take you a long way towards finding the right strategy, and approach to implementation that suits you.

This podcast is published as a supplement to the coursework on corporate strategy that provides insight into Third Wave Strategy - as a system. An overview to the coursework, the Corporate Strategy Master Class program and subscription details can be found here: https://www.csosandbox.com/buy-online-strategic-management-courses-here.

Content for our publications is provided by the the Strategic Management Institute (www.smiknowledge.com), the research arm of PH Strategy and Leadership (www.phsandl.com) management consultants. Another associated web site is PHSANDL's strategy simulation tool, the Chief Strategy Officer (CSOsandbox) www.csosandbox.com.

More video based podcasts (Video Bites) can be found on YouTube CSOsandbox: https://www.youtube.com/channel/UCwW1QK_4P31MtXyYGmJOyUg

The traditional role of the CFO is undergoing a transformation, as suggested in this thought-provoking podcast. The narrative challenges conventional notions by advocating for a paradigm shift in the CFO's responsibilities. Interestingly, this evolution leverages existing resources within CFO teams, particularly the Management Accountants, who are facing technological disruptions of their own. Rather than rendering them obsolete, the podcast highlights how these professionals can embrace a more forward-thinking approach, focusing on future strategies rather than past practices.

Central to this reimagined CFO role is the adoption of a strategic system known as Third Wave Strategy, as introduced in the book series "Corporate Strategy (Remastered) Vols. I and II" and explained in the Corporate Strategy Master Class online coursework. It explains how a Third Wave Strategy empowers CFOs to oversee a holistic strategy system, moving beyond traditional functional duties. Importantly, this shift does not diminish the role of the Chief Strategy Officer in shaping corporate strategies; instead, it redefines the CFO's strategic involvement. For a comprehensive understanding of this innovative perspective, the podcast delves deeper into the dynamics of this strategic evolution.

This podcast is published as a supplement to the coursework on corporate strategy that provides insight into Third Wave Strategy - as a system. An overview to the coursework, the Corporate Strategy Master Class program and subscription details can be found here: https://www.csosandbox.com/buy-online-strategic-management-courses-here.

Content for our publications is provided by the the Strategic Management Institute (www.smiknowledge.com), the research arm of PH Strategy and Leadership (www.phsandl.com) management consultants. Another associated web site is PHSANDL's strategy simulation tool, the Chief Strategy Officer (CSOsandbox) www.csosandbox.com.

More video based podcasts (Video Bites) can be found on YouTube CSOsandbox: https://www.youtube.com/channel/UCwW1QK_4P31MtXyYGmJOyUg

As depicted in the thumbnail Jaguar is in the process of the developing a new car, coupled with a new production platform oh, and by the way, coupled with a reinvention of the company Jaguar Land Rover. In the promotion of this new car Jaguar has attracted the wrath of many, the support of few. In this podcast we look for, and find a deeper purpose in the advertisement. At the end of the day its meaning goes right to the heart of two alternatives - should we close the Jaguar business altogether, or should we fight. The JLR board chose the latter and demonstrated their support by signing off with a GBP 15 Billion, 5 year investment. That decision required JLR to close two production plants for at least half of that time.

This video provides insight into the strategic thinking behind the decision, the exploration of the topic aims to answer the primary question "Can Jaguar deliver the intended outcomes from the somewhat vague promise made in the ad?" For those who have no seen the ad, a 30 second version can be viewed on You Tube here: https://youtu.be/rLtFIrqhfng?si=uDjFLujS5JyXzT42 .

This podcast is published as a supplement to the coursework on corporate strategy that provides insight into Third Wave Strategy - as a system. An overview to the coursework, the Corporate Strategy Master Class program and subscription details can be found here: https://www.csosandbox.com/buy-online-strategic-management-courses-here.

Content for our publications is provided by the the Strategic Management Institute (www.smiknowledge.com), the research arm of PH Strategy and Leadership (www.phsandl.com) management consultants. Another associated web site is PHSANDL's strategy simulation tool, the Chief Strategy Officer (CSOsandbox) www.csosandbox.com.

More video based podcasts (Video Bites) can be found on YouTube CSOsandbox: https://www.youtube.com/channel/UCwW1QK_4P31MtXyYGmJOyUg