Added Title

Improving finance business strategy

Date of Publication

8-27-2020

Document Type

Master's Thesis

Degree Name

Master of Business Administration

Subject Categories

Finance and Financial Management

College

Ramon V. Del Rosario College of Business

Department/Unit

Management and Organization

Thesis Adviser

Maria Paquita Diongon-Bonnet

Defense Panel Chair

Rachel Quero

Defense Panel Member

Jaime Cempron
Angelique Blasa-Cheng

Abstract/Summary

The action research paper focused on improving the finance business partnering strategy of Astellas Pharma Philippines, Inc.’s Finance and Accounting Department. I and my collaborators used the Congruence Model as a process framework and the FP&A Business Partnership Maturity Model as a conceptual framework to guide us during the entire project. Through collaboration, we identified a series of possible gaps or issues that could be addressed to improve the business partnering strategy.

After the first cycle, the Finance Team was able to close some gaps in knowledge and some misalignments through a training session. The second cycle helped the budget owners in applying the learnings they gained from the training, through a forecasting exercise. Furthermore, the second cycle helped the Finance team in gaining additional knowledge about the business because of the coordination meeting.

During the entire action research cycle, I realized that building trust and buy-in from stakeholders are important in business partnering. In general, the expectations of stakeholders from Finance triggers Finance business partnership behaviour. The unclear role of the finance business partner is not actually a major barrier to effective business partnering. Instead, the mindset of the Finance business partner has a major impact or influence on the effectiveness of business partnering strategy.

Abstract Format

html

Language

English

Format

Electronic

Keywords

Business enterprises—Finance; Decision making

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Embargo Period

5-24-2022

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