In this episode of the CFO Access Podcast, we dive deep into strategic thinking and problem-solving with Mark Narustrang, a CPA and principal consultant at Pivotal Point. Explore Mark’s journey from accounting to strategy, the importance of defining root causes, and the role of measurement in finance. Learn about the application of the Six Sigma method, the relevance of the Five Whys, and how CFOs can balance operational and strategic roles. Discover Mark’s unique experiences in agribusiness, and gain insights into the impact of AI and data in strategic planning. We also delve into the surprising intersections between his Australian-Estonian heritage and his professional life, his involvement in the national Estonian media platform “Hao,” and the powerful family history that shapes his worldview today. Don’t miss Mark’s anecdotes and fatherly wisdom about being an ‘ex-tractor fan’!

Article by Mark | Perth Jaanipäev: A Midsummer celebration in winter heralds a new spring

This Episode:

00:00 Introduction to the CFO Access Podcast

00:30 Meet Today’s Guest: Mike NR

01:26 The Essence of Strategic Thinking

02:24 Problem-Solving Techniques for CFOs

05:17 Operational vs. Strategic Roles

07:09 Developing Strategic Thinking

10:53 Mike’s Journey into Agribusiness

16:40 The Role of a Chief Strategy Officer

23:28 The Role of Data in Strategy Formulation

25:04 Challenges in Data Analysis

26:24 Forecasting the Future with Historical Data

27:31 The Strategic Value of Predicting the Future

30:34 AI’s Impact on Strategy and Industry

39:33 Cultural Influences on Professional Life

42:39 Humorous Anecdotes and Closing Remarks

Connect with Mark Narustrang on LinkedIn