Financial Week must be a little bit schizophrenic. A Sept 1, 2008 article titled “CFO turnover hits a record high” stated that, according to Crist Kolder Associates: CFO volatility—a measure of how often an executive leaves his or her finance post—reached its highest level in 13 years in 2007, with 128 CFOs departing their jobs,…
Archive | October, 2008
CFO turnover hits record high
Financial Week reports that “according to a study to be released [in October] by executive recruiter Crist Kolder Associates, roughly half of the CFOs at Fortune 500 and S&P 500 companies stay in their posts for less than three years.” This equates to the average tenure of an NFL running back. Before you get too impressed,…
Dilbert and Strategy Consultants
As a strategy management aficionado, I fell out of my chair laughing when I saw this Dilbert. After a few minutes, I realized I should have objected to Dogbert using PowerPoint to capture the goals. He should have used strategy management software instead. At least Dogbert is following the maxim that personal incentives should be…
Target vs. Goal
While most people don’t distinguish between goals and objectives in every day conversation, I find that performance management practitioners sometimes use the word goal when they really mean target. This potential confusion between objectives and targets explains why I usually recommend against using the term goal when establishing a standard performance management terminology. From my…