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8 best practices for aligning strategy, planning, and risk Logo cgma

  Joanne Sammer; Kenneth W. Witt, CPA, CGMA; and ... |   Free |   AICPA |   25 May 2015 |

Providing effective governance presents boards and management with a formidable challenge. Learn how Massachusetts Mutual Life Insurance Co. does it.

Topics covered:
  • Management accounting: Business: Strategy, Advanced

3 Comments/Reflections

Sarah Atwell-King

Sarah Atwell-King Jul 2020

This makes sense and we have most of it in place BUT we are not working together which feels as if it is chaotic and efficient.

this is a mixture of personalities including my own perspective that we need central leadership which makes things happen and holds people accountable - while supporting and providing resources

With a recession looming,we need to get better at this to suceed
James Miln

James Miln Mar 2016

Good example from Mass Mutual on the governance of the strategic and operational planning process.

While management accounts must continue to drive the financial planning and forecasting process, good reminder of the importance of looking at the bigger organizational picture, including the role of strategic risk management function enabling robust process.

Bekithemba Hwalima

Bekithemba Hwalima Jul 2015

Highlights the need for businesses to increase their focus on strategic risk management, and the steps to be taken to help company management teams to keep the strategy aligned with risk and reward.