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Seeking Financial Agility in the Face of Rapid Business Change: Survey Links Key Finance Challenges to Major Budgeting Pitfalls
More than ever, we live in uncertain financial times. Reports of impending recession, a declining real estate market, and shrinking consumer spending make every company question what the future holds. Yet many business categories are thriving, and global expansion continues. Companies in the small and mid-size categories are still able to achieve meteoric growth. And big mergers, acquisitions, and venture-funding stories abound.
So what does this all mean to today's business? It adds up to an environment of change, dynamics, and opportunity ' one in which companies must be agile, adaptive, and aggressive. They must be fiscally responsible and responsive to changing environments, particularly in times of downturn, when nimble and smart companies can capitalize on uncertain times to leapfrog competitors.
The unfortunate truth is that most companies are ill prepared for this constant flux and flow. They are not sufficiently nimble and dynamic in their fiscal processes to deal with the changing landscape. In fact, two-thirds of companies are not highly adaptive in their financial planning processes, according to a recent study on budgeting, forecasting, and reporting conducted by the Business Performance Management (BPM) Forum and sponsored by the author's firm, Adaptive Planning. Organizations currently lack the means and tools to deliver the predictive and prescriptive processes to manage through the tough times.
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Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
The Anti-Assignment Override Provisions
UCC Sections 9406(d) and 9408(a) are one of the most powerful, yet least understood, sections of the Uniform Commercial Code. On their face, they appear to override anti-assignment provisions in agreements that would limit the grant of a security interest. But do these sections really work?