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

In: Agile Finance Transformation

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  • René Cotting

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.

Suggested Citation

  • René Cotting, 2023. "What large Corporations can learn from Agility as DNA of Finance Functions in Startups," Springer Books, in: Ulrich Egle & Markus Gisler & Imke Keimer (ed.), Agile Finance Transformation, chapter 0, pages 163-173, Springer.
    • Handle: RePEc:spr:sprchp:978-3-658-41332-3_11
    DOI: 10.1007/978-3-658-41332-3_11
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