Stress testing for nonfinancial companies
McKinsey & Co argue that assessing a company’s vulnerability to risk makes otherwise theoretical discussions of strategy more real. They contend that nonfinancial companies, too, would benefit from a more aggressive look at the risks they face. This article contains the findings of their recently tested ‘qualitative thinking’ in interviews with the CFOs, company secretaries, and controllers of 11 leading nonfinancial companies in the United Kingdom…
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