Main Responsibilities Of A Senior Manager, Long Range Planning At Patagonia
Jenny's main responsibility as Senior Manager of Long Range Planning at Patagonia is to "align all stakeholders on a five-year plan," requiring extensive cross-functional collaboration with department leaders. This involves a strong understanding of finance, including "reading and building a profit and loss," and building relationships to successfully create five-year forecasts.
Financial Planning, Cross-functional Collaboration, Strategic Planning, Leadership, Profit & Loss Analysis
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Jenny Tang
Senior Manager, Long Range Planning
Patagonia
University of California, Berkeley
MBA & M.S. Business Analytics at Arizona State University (ASU) - W. P. Carey
Environmental & Related Sciences
Apparel, Beauty, Retail & Fashion, Consumer Packaged Goods (CPG)
Finance
Took Out Loans
Video Highlights
1. Cross-functional collaboration is essential for aligning stakeholders on a five-year plan.
2. Financial understanding, including profit and loss statements and accounting fundamentals, is crucial for long-range planning.
3. Building strong relationships with various department leaders is vital for successful collaboration and forecasting.
Transcript
What are your main responsibilities within your current role?
Currently, as the Senior Manager of Long Range Planning, a lot of what I do involves cross-functional engagement. The main goal is to help all stakeholders align on a five-year plan for where this company will go.
Where Patagonia wants to go depends on our product strategy, our financial conditions, and many other levers the business will have to pull. This also means aligning and cross-functionally collaborating with different department leaders to ensure everyone is on the same page.
Underlying all of that is a financial need. We need our finances to be straight. This involves knowing how to read and build a profit and loss statement, understanding financial systems, and recognizing the biggest drivers and levers. It also means understanding the roles around fundamentals of accounting and building good relationships with everyone involved.
These are the critical components for successfully taking part in, leading, and collaborating in a cycle to generate five-year forecasts.
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