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Seeking Financial Agility in the Face of Rapid Business Change: Survey Links Key Finance Challenges to Major Budgeting Pitfalls

By William A. Soward

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.

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