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ADVISORY/Chief Financial Officers of High-Velocity, High Tech Companies Gather in Silicon Valley to Discuss Managing Hyper Growth and Uncertainty in Today's Fast Changing Economy.


News/Assignment Editors & High-Tech high-tech also hi-tech
adj. Informal
Of, relating to, or resembling high technology.


high-tech
Adjective

same as hi-tech

Adj. 1.
 Writers

ADVISORY...for Tuesday Tuesday: see week.  (Feb. 13)

Media Interviews With Selected Attendees are Available


WHAT:           CFO roundtable at Stanford University addresses the
                increasingly difficult challenge of managing the hyper
                growth and uncertainty of high-technology businesses.
                In today's fast changing economy, strategic and
                financial planning must be a market-responsive process
                that enables a company to allocate resources
                dynamically, creating a competitive advantage and
                predictable financial performance.

WHEN:           Tuesday, February 13, 2001
                8:30 a.m.-1:00 p.m. PST

WHERE:          Stanford Faculty Club, Stanford University,
                Palo Alto, CA

WHO:            Professor Kathleen Eisenhardt of Stanford University
                will explore ideas for strategic business management
                on the cutting edge of the information economy.
                Eisenhardt is author of "Competing on the Edge:
                Strategy as Structured Chaos" and a number of articles
                in leading business publications including a recent
                Harvard Business Review article "Strategy in the New
                Economy: Simple, Fast, and Flexible." Bill Daly,
                Managing Director in KPMG Consulting's High Tech
                practice will provide a case study exploring the
                transformation of financial planning to a real-time,
                market responsive activity for obtaining performance
                commitment. The case illustrates techniques for
                increasing accountability and agility of the financial
                performance planning processes.

                  Mary Driscoll, President and Editorial Director of CFO
                Enterprises, will moderate a roundtable discussion to
                discuss keys to achieving superior financial results
                and predictability. Chandran Sankaran, Chief Executive
                Officer and Founder of Closedloop Solutions will lead
                a discussion on "Dynamic Financial Coordination," the
                process of establishing organizational capabilities to
                improve visibility to business conditions and rapidly
                respond to market opportunities and challenges.

RSVP TO:        1-650-780-5700, extension 5750. Free admission to this
                confidential roundtable will be granted only to CFOs
                and senior financial personnel of qualified companies.
                A separate event for media representatives is
                described in the following paragraphs.

MEDIA
 INTERVIEWS:    Media representatives are invited to interview
                speakers and selected attendees at the Stanford
                Faculty Club, Stanford University, Stanford, CA
                between 1:00 p.m. and 3:00 p.m. PST. To schedule an
                interview appointment, contact Victoria Battison,
                MBIPR, 760-436-0551, vbattison@mbipr.com.

TELEPHONE
 INTERVIEWS:    Media representatives are invited to interview
                speakers and selected attendees by telephone prior to
                or after the event. To schedule a telephone interview,
                contact Victoria Battison, MBIPR 760/436-0551,
                vbattison@mbipr.com.


ABOUT THE SPONSORS

KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm)
KPMG Kaiser Permanente Medical Group
KPMG Keiner Prüft Mehr Genau (German)
KPMG Kommen Prüfen Meckern Gehen
 is one of the world's most recognized and respected firms for e-Business integration, and their clients include many of the largest high technology companies. The Performance Commitment (SM) framework, developed by KPMG Consulting, is leading edge management technology for converting strategies into action and is already being used successfully by many organizations.

CFO See Chief Financial Officer.  Enterprises is an arm of CFO Magazine, a division of The Economist Group. Over the past 10 years, CFO conferences and seminars have become the nation's premier educational forums for senior finance executives, featuring an outstanding list of leading CFOs who share insights and best practices with their peers. Each event is tailored to serve the educational needs of finance officers at companies of various sizes.

Closedloop Solutions provides Internet-age financial planning Financial planning

Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against
 solutions for senior managers in fast-moving companies in high-velocity industries. Closedloop has delivered the first Dynamic Financial Coordination solutions that enable real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. , end-to-end end-to-end

a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine.
 financial plans that can be instantly updated as conditions change. Closedloop's suite of Web-native applications includes Topline(TM) Manager, SpendCap(TM) Manager and BizPlan(TM) Manager which give executives a continuous view of the financial environment by integrating feedback from front-line sales people and managers who are most acutely aware of changing business conditions and marketplace events. Privately funded by Sutter Hill Ventures, Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is a venture capital firm based in Menlo Park, California with affiliate offices in more than 30 cities around the world and over $4.5 billion in capital commitments.  and other prominent Silicon Valley venture capital leaders, Closedloop Solutions is headquartered in Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. . Its Web site is located at www.cloop.com.

ABOUT THE FEATURED SPEAKERS

Kathleen M. Eisenhardt is Professor of Strategy and Organization in the Department of Industrial Engineering and Engineering Management at Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. . She has received degrees in Mechanical Engineering and Computer Science, and a Ph.D. degree from Stanford University's Graduate School of Business. Professor Eisenhardt's primary research interest is in the management of firms competition in a variety of topics including strategic decision making, top management teams, alliance formation, entrepreneurship en·tre·pre·neur  
n.
A person who organizes, operates, and assumes the risk for a business venture.



[French, from Old French, from entreprendre, to undertake; see enterprise.
, and agency theory, using both case study and hypothesis-testing methods. Her papers have appeared in Administrative Science Quarterly Administrative Science Quarterly, founded in 1956, is one of the most eminent academic journals in the field of organizational studies. It is published by Cornell University.

People claimed to have been involved as founders include James D.
, Academy of Management Journal, Organization Science, Academy of Management Review, Strategic Management Journal, Harvard Business Review Harvard Business Review is a general management magazine published since 1922 by Harvard Business School Publishing, owned by the Harvard Business School. A monthly research-based magazine written for business practitioners, it claims a high ranking business readership and  and other outlets. For her work on fast decision making, she won the Pacific Telesis
For current information on this topic, see AT&T.


Pacific Telesis Group was one of the seven Regional Bell Operating Companies created after the 1984 breakup of AT&T as a holding company for Pacific Bell and Nevada Bell.
 Foundation Award. She has also received the Whittemore Prize for her research on organizing global firms.

Mary Driscoll is President and Editorial Director of CFO Enterprises, producers of CFO Magazine. Previously, she was Senior Editor of CFO Magazine and Research Director in the Management and Finance Group of the Economist Intelligence Unit The Economist Intelligence Unit (EIU) is part of The Economist Group. It is a research and advisory company providing country, industry and management analysis worldwide and incorporates the former Business International Corporation, a U.S. . Mary has also written several business books, including Cash Management: Corporate Strategies for Profit.

Bill Daly William "Bill" Daly is the Deputy Commissioner of the NHL under Commissioner Gary Bettman. He is also a Hockey Hall of Fame Board Member.

Preceded by
New creation National Hockey League
Deputy Commissioner

2005 – present Incumbent
 is a Managing Director in KPMG Consulting's High Tech eFinance Solutions group. Bill has over 18 years of experience helping companies improve finance systems and processes with a special emphasis on planning, reporting and analysis. Bill has worked for a number of software companies and business service providers in various financial management and systems consulting capacities.

Chandran Sankaran is Chief Executive Officer and Founder of Closedloop Solutions. Prior to founding Closedloop in 1999, Chandran was Vice President and head of the largest business unit at i2 Technologies, the market leader in supply chain modeling and optimization software Free and Open Source software
  • ASCEND — mathematical modelling system
  • OpenOpt (license: BSD) — toolbox with connections to lots of solvers, for Python language programmers
  • COIN-OR SYMPHONY — integer programming, Common Public License
. Previously, he held management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business
service industry - an industry that provides services rather than tangible objects
 and engineering positions with McKinsey & Company and Hewlett-Packard, respectively.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 26, 2001
Words:918
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