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Why this Website? – The Mission

 

This website serves as a competence center for consultants, managers, corporate professionals, and analysts as well as for professors and students interested in enterprise management, leadership, and business control. It’s mission is to facilitates the worldwide awareness, use and further development of innovative enterprise management, leadership, business controlling, finance, and IT concepts that support companies and other organizations to become more successful in today’s service and knowledge oriented global economy. The motive for this initiative is the fact, that the traditional enterprise management and leadership models are failing under today’s economic and social conditions. It’s objective is to find better concepts and to develop together with experts and the acting people in leading organizations a new improved management model and more appropriate enterprise and business control tools. This website provides at the same time input and ideas for this project and presents the results.

 

 

Key Topic: Sustainable Enterprise Development Through Entrepreneurial Value Creation ("Entrepreneurial Sustainability")

 

“The current financial and economic crisis will change how enterprises will be managed in the future and what will be regarded as best practice in enterprise management: We will experience a new focus on entrepreneuial sustainability. 

The ability for sustainable enterprise development is essentially based on the ability to generate added value organically and to maintain this capability over market cycles. Investors, other important stakeholder groups, and the general public are paying increasing attention to whether and how a company is able to create original, sustained value for its own customers, investors, and stakeholders. So, corporate sustainability starts with economic sustainability - at least for businesses. The other two aspects, social and ecological sustainability, follow as a result, if you take sustainability serious in the company.. 

I fully believe that the capability for entrepreneurial sustainability is a key differentiator and survival factor for companies and that it will be broadly regarded as a cornerstone of enterprise management best practice in the future - after the consequences of the current financial and economic crisis have been digested and its causes have been analysed and identified..  
As a result, it will become important for enterprises, their managers and their executives to not only secure their companies’ ability to control and optimize their financials, but to integrate all the aspects of sustainable value generation into enterprise management and into the performance management control systems.
                                                 Juergen H. Daum (about Juergen H. Daum)


 

   Key Topic: Financial Excellence - The CFO and Finance&Control as True Business Partners


“Nowadays, CFOs must be able to unite two very different tasks: on the one hand, they have to make risks manageable and safeguard governance and compliance; on the other hand, they have to identify channels for profitability and new growth while actively contributing to the company's advancement. This cannot be achieved without a fundamental transformation of the finance&control (F&C) function: of processes, systems, organization, and skills.

First of all, the transnational standardization of F&C processes throughout the enterprise by automating them to a large extent and consolidating back-office tasks into a shared services organization is reducing the load on local F&C business partners. The second step entails developing and qualifying local F&C business partners themselves, who gain a strategic significance for the successful implementation of the partly contrary CFO duties on an enterprise-wide basis.

These developments, which are currently evident in many European enterprises, have a significant impact on the future role and profession of CFOs and controllers and on controlling itself as a discipline”.
                                                    Juergen H. Daum


 

 

 

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