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However, the interpretation and analysis of economic trends are typically the responsibility of specialized professionals. Reporting historical data and actuals While FP&A may conduct retrospective analysis to identify trends and patterns, the primary focus is on using historical data to inform future strategic or tactical decisions.
What to Focus On Economic and Geopolitical Trends: Understand external factors influencing your industry. AnalyzeData: Take a closer look at who your audience is, what they care about, and how they behave. Learn from the Past - Analyzedata from previous campaigns to uncover valuable insights.
Agile FP&A involves prioritizing people over process, with a focus on continuous changes and proactive communication. Following the start of the pandemic in 2020, 89% of CFOs found the “external economic and financial uncertainties facing their business as high or very high,” which was up by 34% from the previous quarter.
Although CFOs are optimistic about organizational growth in 2023, they see “cost control as their most urgent imperative” in the face of economic uncertainty, according to the , Grant Thorton 2022 Q3 CFO Survey. Even with significant investments in technology, companies still need human resources to manage and analyzedata.
It calls for measures such as requiring a government-issued photo ID to vote, finishing construction of Trump’s border wall, opening new federal land to drilling, and prioritizing ‘working with nations that contribute their fair share to our alliances,’ while expressing skepticism toward multilateral institutions.” Stats Watch.
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