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Challenges for Public Company Leaders and Clean Sheeting Strategies
Implementing the FP&A approach poses challenges for public company leaders as it requires a significant initial time and financial investment for a one-time reset, unlike private equity firms that excel at thorough setup initially. Clean sheeting, a strategy for rapid labor productivity increase, focuses on smaller, skilled teams for improved performance. Steps involved are: eliminating low-value tasks, centralizing groups under strong leadership, shifting work to high performers, and redesigning the organization structure to maximize talent in critical roles, beyond just C-level positions.