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| Topic: |
Book Reports
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| Number of pages / Number of words: |
2 / 532 |
Essay's paper body
Reichenberger became CFO of Nestle in April 2001 and he
has overseen a move away from traditional forecasting. This process required each Nestle subsidiary to produce
detailed figures predicting its performance over the next two to three years. The work devoured man-hours and
produced results which were at best out of date when the data was finally collated and at worst inaccurate due to a
tendency of some business units to talk up their prospects...
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He comments: "We do not ask any more for really detailed
numbers for the next three years or so, what we want to focus on is five and 10 years out and how the company will
look then. Then we set milestones for how we will get there."
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