Only 64 companies from the original S&P 500 are still listed on the index, and one forecast predicts that an additional 50 percent will be replaced over the next 10 years.1
The pace of this churn is expected to increase due to a combination of forces: digitization of information, storage of that information, and communication networks to move data around.
What separates the thriving businesses from the average ones in this turbulent environment is how well they create, execute, and adjust their plans as conditions change. The ability to connect planning capabilities across the business is the essence of Integrated Business Planning (IBP).
The latest installment in AFP’s FP&A Guide Series, Building an Integrated Business Planning Capability, can help your business rise above the average. In it, AFP breaks down the complexity of IBP into components and provides some tactical shifts you can make today.
1Anthony, Scott D., S. Patrick Viguerie, and Andrew Waldeck. “Corporate Longevity: Turbulence Ahead for Large Organizations.” Innocite, Spring 2016. https://www.innosight.com/wp-content/uploads/2016/08/Corporate-Longevity-2016-Final.pdf
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