Thrilled to be included in Nina Trentmann’s latest CFO Briefing on Bloomberg! As Nina points out, venture building remains top priority for business leaders globally. Leaders are eager to explore new opportunities to tap into new value pools. She specifically highlighted and asked about the gap between CEOs and CFOs in our recent survey and what might be driving this. Our research suggests CFOs are prioritizing short-term financial success while CEOs are thinking about the future, creating friction over which objectives demand immediate attention. CFOs are correct to be cautious about spending. However, overlooking new revenue opportunities could prevent them from gaining a competitive edge and securing long-term success. CFOs and CEOs will need to collaborate more effectively to balance growth potential and cost management. https://lnkd.in/eHhnhwW5 #LeapbyMcKinsey #NewVentureBuilding
In the latest CFO Briefing, I take a closer look at why companies prioritize investments in their own business — as opposed to dealmaking (before we all get overrun by the US election). Sign up: https://lnkd.in/eNvp3uYN > A recent McKinsey survey of over 1,100 company leaders around the world, including CFOs, found that “new venture building” was the biggest priority for growth-oriented companies. > Some 67% of North American respondents expect to grow via new business opportunities as opposed to other options, such as pursuing joint ventures or mergers and acquisitions, the consulting firm found. There’s a similar trend in other geographies, apart from China and other parts of Asia. > The findings come as M&A volumes globally remain below their 10-year average, hampered by regulatory scrutiny, higher interest rates and an uncertain economic outlook. Hear from the CFOs of General Mills, Aflac and Synchrony about how they’re pursuing growth: https://lnkd.in/efRDkWsb Thank you, Kofi Bruce, Max Broden, Brian Wenzel, Daniel Aminetzah, Jon Sullivan, Lisa Lanspery, Melanie Capruso and Beth Williams Liou! #ventureinvesting #growth #mergersandacquisitions #dealmaking