Accounting

A New Series: Digital Transformation for CFOs and Finance Departments

A New Series: Digital Transformation for CFOs and Finance Departments Today’s digital transformations pose a number of challenges, or certainly major changes, for finance professionals in enterprises. Yet finance is a critical player in these transformations and in the “transformed” enterprise. Enterprises must make decisions about what IT and digital capabilities to invest in, how …

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Loose Coupling Versus Tight Controls

Loose Coupling Versus Tight Controls Organisations that excel at external collaboration and cross-functional teaming embrace organisational theorist Karl Weick’s notion of “loosely coupled systems.” As Weick explained in a much-cited 1976 article in Administrative Science Quarterly, a loosely coupled organisation eschews hierarchies and excels at adaptation. “If all of the elements in a large system …

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