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Mario Harik

๐Ÿ‘ค Speaker
924 total appearances

Appearances Over Time

Podcast Appearances

The Knowledge Project
Mario Harik: Playing to Win

But then if you go down through the ranks in the FP&A team, for every operator's

The Knowledge Project
Mario Harik: Playing to Win

that owns a P&L, a profit and loss statement.

The Knowledge Project
Mario Harik: Playing to Win

They actually have an FD&A resource that is telling them what are the levers?

The Knowledge Project
Mario Harik: Playing to Win

So where are your metrics trending?

The Knowledge Project
Mario Harik: Playing to Win

And what are the levers that you can pull to drive the outcomes?

The Knowledge Project
Mario Harik: Playing to Win

And are these levers performing at the level as a business leader that you expect to deliver on the outcome?

The Knowledge Project
Mario Harik: Playing to Win

And that's incredibly important in business because ultimately the scorecard of a operating company is how much are you growing your top line?

The Knowledge Project
Mario Harik: Playing to Win

How much are you growing your profits?

The Knowledge Project
Mario Harik: Playing to Win

How much are you growing your operating margin?

The Knowledge Project
Mario Harik: Playing to Win

And the FP&A team is what instruments all of that and give you forecasts.

The Knowledge Project
Mario Harik: Playing to Win

And they also, I mentioned earlier on, when we look at KPIs, we look both at first derivative and second derivatives of the KPI.

The Knowledge Project
Mario Harik: Playing to Win

Again, the first derivative tells you your revenue's up 5% on a year-on-year basis.

The Knowledge Project
Mario Harik: Playing to Win

Many companies stop there.

The Knowledge Project
Mario Harik: Playing to Win

What our FV&A team does, then they say, well, okay, the second derivative shows that although you're up 5%, that's a decelerating trend.

The Knowledge Project
Mario Harik: Playing to Win

So next month, that could be 3%.

The Knowledge Project
Mario Harik: Playing to Win

The following one could be 1%.

The Knowledge Project
Mario Harik: Playing to Win

And that's a problem that we got to solve for as a team and figure out how we can course correct that.

The Knowledge Project
Mario Harik: Playing to Win

So generally, when you assess talent, you want to be able to assess who are the top performers on your team, that you either not only want to make sure you retain them, but you also want to invest in them.

The Knowledge Project
Mario Harik: Playing to Win

You want to grow them.

The Knowledge Project
Mario Harik: Playing to Win

You want to see them do amazing things over time because they have a lot of untapped potential.