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In this episode, John Sanchez, chats with Gary Cokins, a big name in the world of corporate performance management (CPM). Gary took an unexpected turn from dreaming of engineering to becoming a key figure in industrial engineering. He's now all about helping CFOs and accountants be savvy with the tools and mindset they need to master the finance of business. Here are some of the key takeaways from this conversation: 1. Asking the Right Questions: Gary talks about the shift to learning through questions, using smart tools like SaaS, and why it's crucial in today’s leadership. 2. Tackling Change in Accounting: Getting new accounting methods on board isn't easy. Gary breaks down how to get through the thick wall of tradition with things like activity-based costing and lean accounting. 3. Corporate Performance Management Deep Dive: Unpack the toolbox of methods like reporting profits and strategy maps that make up the world of CPM, and how blending these can lead to big wins. 4. The Triple C's - Communication, Competence, and Culture: From his own experiences mentoring, Gary shares why talking openly, being skillful, and building a supportive work culture matter. 5. Metrics and Culture Matter: We chat about why the right metrics and a thoughtful approach to your organization’s culture can make or break your strategy. Gary's deep dive into his world of expertise is a treasure trove for anyone in the financial field wanting to step up their game. He challenges the norms and shows us how evolving in accounting and analysis is non-negotiable. Don’t forget to hit subscribe to stay in the loop with groundbreaking chats like this one with Gary Cokins. Jump into the episode, share it around, and let us know your thoughts in the comments. Let's keep the conversation going! Episode Index ==================== 00:00 Extensive career in strategic planning and consulting. 08:05 Unexpected question leads to interesting responses. 10:17 Best leaders ask great questions, not give answers. 15:54 Customer profitability is key for business success. 18:02 Supplier negotiations, supply chain competition, ERP issues. 20:16 Frequent budgeting, resource planning, enterprise risk management. 23:57 Developing strategic objectives with a disciplined approach. 27:45 ERP and FP&A software lacking critical features. 31:18 Failure to communicate strategy; focus on financials. 33:34 Discussion about communication and culture impact on it. 36:51 Leaders need vision, inspiration, and communications. 41:17 Strategy with bravery may face challenges and fears. 45:11 Many organizations struggle to move beyond raw data. 47:25 Blockbuster's decision on Netflix: a good idea? 51:27 Organization risk from relying on intuition alone. 55:50 Mentor guided, provided support, emphasized importance of structure. ==================== Gary's contact information: www.garycokins.com email: gcokins@garycokins.com