The recession will reshape the work of chief financial officers. When the recovery comes, the world will be very different. CFOs will have to start shifting their focus to getting the most out of the recovery. And because most companies are not flush with funds, it's going to be a tough job.
According to the McKinsey Quarterly , CFOs will have to start thinking about possibility of wage and price inflation, high unemployment, lower international trade, or dramatic swings in currency values. They should also look at restructuring as it is easier to do this in a weak economy. They should also have a list of acquisition targets.
If this study is right, it's going to be a long and difficult recovery and many companies will be exposed to volatile price movements for commodities and currencies.
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