Gary McGaghey is Williams Lea Tag’s CEO and serves as its CFO. Before his current position, Gary has served in senior finance positions with FMCG, Pharma, IT and media companies. He has a track record of delivering first-rate financial performance for companies in both high-growth start-ups and global corporates.
In addition to his financial expertise, Gary possesses an unparalleled understanding of business strategies for the digital economy. This article will provide three main takeaways on Gary’s background, his team’s background and its future directions.
As CFO, in a very broad sense, risk management enhances a company’s shareholder value. If a company can be better at managing risk, that could increase its profitability and make them more competitive.
Understanding the Risk
To understand risk management, it is important to realize that there are three levels at which decisions can be made: strategic, operational, and tactical. Business leaders can be responsible for making decisions that impact all three levels.
Recognizable Risk
“Recognizable Risk is something that can be quantified. Quantifying these risks helps the organization make sound decisions about how best to create additional value for the organization or what actions should be taken for the company to operate at its maximum potential.”
Probability and Contingency Plans
“Predicting risk and developing a contingency plan are two other elements of risk management. These two aspects are vital for decision-making because they help an organization see what might happen if certain risks occur and how management will respond during those circumstances.
The organization needs to have a plan in place if they get affected by a risk. If the CFO is responsible for this, then the CFO needs to help ensure that the projects are actionable, scalable and cost-effective. When not working, Gary likes to travel with his family. He also enjoys mountain climbing and scuba diving. Continue reading this article here: https://londonlovesbusiness.com/gary-mcgagheys-approaches-to-help-business-leaders-accomplish-cash-excellence/