Will Your Forecast Make You Look Stupid?
Forecasts can make CEOs look really stupid at the end of the year. This Forbes.com article addresses the situation and offers solutions.
It delves into how to figure out how good your team is at forecasting. This is particularly critical when you’re spending more cash than you have coming in. A miscalculation in this case can be disastrous. Please read this Forbes article, then weigh in with your opinion.
Tags: business planning, cash flow, finance, financial performance
Robert Sher is founding principal of CEO to CEO, a consulting firm of former chief executives that improves the leadership infrastructure of midsized companies seeking to accelerate their performance. He was chief executive of Bentley Publishing Group from 1984 to 2006 and steered the firm to become a leading player in its industry (decorative art publishing).