The Dailies
Most Read
Most E-mailed
E-mail Article
Print Article
World-class Companies Move Beyond Cost in G&A in Response to Globalization
Companies must improve speed and agility, enhance responsiveness, inspire passion, speakers at Hackett best practices conference say
Atlanta July 5, 2006 Globalization is creating new challenges and opportunities for today's companies, and one way world-class executives are responding is by demanding that their general and administrative (G&A) operations deliver more than just the lowest cost, according to speakers at the 16th annual best practices conference of The Hackett Group, a strategic advisory firm.
The best companies are strategically improving performance in finance, information technology (IT), human resources (HR), procurement, working capital and other areas in ways that help them respond to the pressures of globalization, according to speakers at Hackett's recent conference, entitled "Leveraging G&A for Competitive Advantage: From Back Office to Front of the Line."
The conference speakers reinforced common successful themes. They discussed how they continue to drive out cost in G&A in response to global forces and other market pressures. Presentations emphasized the need for speed and to drive change more quickly than their competition.
Speakers also stressed the need for agility in today's business environment, and they focused on how they are transforming their back-office operations to enable them to react more quickly. They discussed the value of "leaders who listen," and, finally, they emphasized the need to inspire passion and how that passion drives change.
Nearly 400 executives from many of the world's largest companies attended the two-day conference in Atlanta. They listened to CEOs, chief information and financial officers (CIOs and CFOs) and other senior executives from 17 companies, including Alcoa, Citigroup, Constellation Energy, HP, Greif, Nissan and U. S. Steel. In addition, The Hackett Group provided a preview of its 2006 Book of Numbers research findings, which will be formally released later this year.
At the conference, Hackett Chief Research Officer Richard T. Roth also presented Hackett's World-Class Award to three companies that have achieved world-class performance in both efficiency and effectiveness in recent Hackett benchmarks: Alcoa, for its finance performance, MeadWestvaco for its IT performance, and Southern California Edison for procurement.
Atlanta July 5, 2006 Globalization is creating new challenges and opportunities for today's companies, and one way world-class executives are responding is by demanding that their general and administrative (G&A) operations deliver more than just the lowest cost, according to speakers at the 16th annual best practices conference of The Hackett Group, a strategic advisory firm.
The best companies are strategically improving performance in finance, information technology (IT), human resources (HR), procurement, working capital and other areas in ways that help them respond to the pressures of globalization, according to speakers at Hackett's recent conference, entitled "Leveraging G&A for Competitive Advantage: From Back Office to Front of the Line."
The conference speakers reinforced common successful themes. They discussed how they continue to drive out cost in G&A in response to global forces and other market pressures. Presentations emphasized the need for speed and to drive change more quickly than their competition.
Speakers also stressed the need for agility in today's business environment, and they focused on how they are transforming their back-office operations to enable them to react more quickly. They discussed the value of "leaders who listen," and, finally, they emphasized the need to inspire passion and how that passion drives change.
Nearly 400 executives from many of the world's largest companies attended the two-day conference in Atlanta. They listened to CEOs, chief information and financial officers (CIOs and CFOs) and other senior executives from 17 companies, including Alcoa, Citigroup, Constellation Energy, HP, Greif, Nissan and U. S. Steel. In addition, The Hackett Group provided a preview of its 2006 Book of Numbers research findings, which will be formally released later this year.
At the conference, Hackett Chief Research Officer Richard T. Roth also presented Hackett's World-Class Award to three companies that have achieved world-class performance in both efficiency and effectiveness in recent Hackett benchmarks: Alcoa, for its finance performance, MeadWestvaco for its IT performance, and Southern California Edison for procurement.
RSS Feeds
