The CFO Alliance’s Post

Addressing Resistance to 🔺 Change… Even Better than Ted Lasso This article by CFO.University Contributor Julie Winkle Giulioni's highlights how leaders can effectively manage resistance to change within their teams. Inspired by the popular TV show character Ted Lasso, Julie provides strategies to turn workplace skepticism into productive dialogue. Here are the key points: 🤐 Misinterpretation of "Hush Your Butts": Julie humorously recounts her misunderstanding of Ted Lasso's phrase, interpreting it as a call to suspend judgment and embrace change. Prevalence of 🛑 'Buts' in the Workplace: Resistance to change is often manifested as reasons why "we've always done it this way," focus on challenges, creating roadblocks, or silent dissent. 💡 Strategies to Address Resistance: Julie shares a number strategies leaders can use to help their teams overcome resistance to change. Importance for Chief Financial Officers (CFOs) 📊 Understanding and addressing resistance to change is crucial for CFOs, who invariably take responsibility to lead initiatives that significantly impact their organizations. 🥇 Enhancing Team Performance: By addressing resistance constructively, CFOs can foster a more collaborative and innovative team environment. 🚙 Driving Organizational Culture: Promoting openness and safety in expressing concerns helps build a culture of trust and transparency. 💹 Improving Business Results: Effective change management leads to better engagement, which directly impacts productivity and financial outcomes. ➕ Leveraging AI and Technology: As AI and new technologies transform businesses, CFOs must navigate the associated anxiety and pushback to ensure smooth transitions and capitalize on new opportunities. 💡 Critical Decision-Making: CFOs are at the helm of strategic decisions involving significant changes. Being adept at managing resistance can make these transitions smoother and more effective. Embracing the energy and insights that come with resistance can lead to stronger performance, better relationships, and improved business results. CFOs, by fostering an environment where 'buts' are addressed rather than hushed, can lead their teams to success in an ever-evolving business landscape. 🚀 Read Julies's article and visit her library from the links in the first Comment box below. 🎯 Target your growth. Follow CFO.University No Buts For Better Results. 📚 I am the Founder of and Chief Learning Officer at CFO.University 🏫 CFO.University is a professional development center for CFOs and aspiring CFOs. Our Mission:   Develop world changing finance leaders 🎬 Visit our CFO Talk video series with global experts transforming the role of the CFO, https://lnkd.in/gg6bdZx 📚 Learn about the Four Pillars of CFO Success here. https://lnkd.in/gJNV4q7 #cfo ##CFOUniversity #leadership #cfodevelopment #strategiccfo

C-Suite Collaboration − CFOs Collaborate with CEOs, CIOs, CTOs, and CPOs: CFOs have evolved from budget monitors into C-Suite executive business partners. With a sharp focus on technology, CFOs spearhead discussions that align business needs with plans for growth. They build cultures of collaboration anchored in knowledge of the business and two-way collegial communication.   CFOs are essential partners to CEOs and other C-suite executives, providing data and insights that drive business innovation and strategy. CFOs are architects of long-term strategy with growing influence and credibility across the organization—especially in marketing, operations, sustainability, and risk management.  https://lnkd.in/e-pUyrzd See also https://lnkd.in/e3mqEvCX #csuite #pymnts #businesspartner #CFO #collaboration #JenaAbernathy #KornFerry #retainedexecutivesearch 

In today’s fast-evolving business landscape, the role of the #CFO has transformed into a strategic partnership that drives organizational success. An upcoming webinar from JM Search explores how to effectively support CFOs from recruitment through achieving growth milestones, ensuring they have the tools and insights needed to thrive in their multifaceted roles providing attendees with valuable insights from industry experts. “Modern CFOs are expected to be forward-looking and provide insights that drive business decisions, rather than simply reporting historical financial data,” said Andrew Henry, a managing partner and co-leader of the healthcare & life sciences practice at JM Search. “The traditionally emphasized accounting or CPA qualifications are now balanced with #skills in data analysis, forecasting, #culture development, and leadership.” Read more >> https://lnkd.in/e2wWvuRk

In the world of corporate governance, budgeting is more than just numbers; it's the backbone that supports the vision of C-level executives. It’s not just a financial task – it’s a detailed framework that turns big ideas into real action plans. For C-suite leaders, mastering the ins and outs of budgeting is vital, as it heavily impacts decision-making processes and overall success. Discover how to align your budget with your strategic goals here: https://lnkd.in/dm32nMuC

■The role of the CFO is to become a "leader of company-wide transformation." What do Japanese CFOs and companies lack? Globally, CFOs (chief financial officers) are taking on the role of ``leaders of company-wide transformation,'' but Japanese CFOs have not been able to carry out ``true company-wide transformation.'' The latest edition of Accenture's global CFO research, CFO Forward, sheds light on this current situation. At the press briefing held by Accenture on August 21, 2024, Mr. Atsushi Yamaji, Managing Director of Japan, Enterprise Value Management Practice, Business Consulting Headquarters, Accenture, spoke about the global trends learned from the survey, the issues facing Japan, and their prescriptions. etc. were introduced. CFOs are increasingly leading company-wide transformation projects This is the latest version of the CFO survey that Accenture has been conducting for over 20 years. We conducted a survey of 1,420 CFOs and financial leaders from global companies (with sales of $1 billion or more) in 14 countries around the world, as well as individual interviews with 20 CFOs. We received 136 responses from Japan. This survey first revealed that the role of the CFO is becoming increasingly important in company-wide transformation projects According to the survey, 11% of CFOs currently lead two or more projects as owners of company-wide transformation projects, including internal digitalization and business process transformation. However, it is expected to increase to 34% in one year. In addition, the number of company-wide transformation projects that CFOs are involved in is currently 3.1 themes on average, but they are expected to launch an average of 2.1 themes in the next year, and in total, there will be an average of 5.2 transformation projects in one year. It is speculated that this will proceed.. Mr. Yamaji pointed out that companies that continuously transform are showing higher growth in sales and profits, and that the difference in growth rates is widening year by year. The role will be analyzed as follows. ``Of the CFOs who believe that they ``created more value than expected'' as owners of company-wide transformation projects, 57% said they were ``involved in transformations that affected four or more departments.'' "Value is created by having an impact not only on the business and IT departments (back-end departments), but also on front-line departments such as business sites, customer relations departments, sales departments, and marketing departments." (Mr. Yamaji) ``Of the CFOs who believe that they ``created more value than expected'' as owners of company-wide transformation projects, 57% said they were ``involved in transformations that affected four or more departments.'' "Value is created by having an impact not only on the business and IT departments (back-end departments), but also on front-line departments such as business sites, customer relations departments, sales departments, and marketing departments.

Ready to transform your role as CFO? Check out this insightful article on how CFOs can become strategic changemakers! Discover the key strategies to drive innovation, foster collaboration, and lead your organization to success. Don't miss out on these valuable insights! Read more here: https://lnkd.in/eXPX2Ymp #Interim #InterimManager #CFO

5 Ways CFOs Are Redefining Leadership in 2024 🔥 Think CFOs are just about the numbers? Think again. Today’s CFOs are driving innovation, strategy, and growth. Here’s how they’re stepping up: 1. Beyond the Balance Sheet ↳ CFOs are no longer back-office gatekeepers—they’re visionaries leading corporate strategy. ↳ Companies where CFOs play a strategic role see 30% more growth. → 🔑 It’s about leading from the front, not just balancing the books. 2. Masters of Data ↳ With 88% of strategic decisions backed by real-time data, CFOs are the new data pioneers. ↳ They’re using insights to predict the future, not just report the past. → 📊 The best CFOs know how to turn data into a competitive advantage. 3. Digital Champions ↳ As 72% of businesses increase digital investments, CFOs are at the helm, ensuring that every dollar spent aligns with long-term goals. → 🚀 From AI to automation, CFOs are driving digital transformation—making companies smarter and faster. 4. Collaborative Leaders ↳ Today’s CFOs work closely with CEOs, CMOs, and COOs to build unified strategies for sustainable growth. ↳ 🤝 CFOs who collaborate across teams are 2x more likely to drive business success. → It’s all about breaking silos and building cross-functional leadership. 5. Risk Strategists ↳ CFOs are turning risk management into a strategic advantage. Instead of just protecting the company, they’re using risk to drive innovation. ↳⚠️ Companies with proactive risk strategies are 50% more resilient in uncertain times. → CFOs today aren’t just safeguarding the business—they’re propelling it forward. 📉 From My Experience: → In my first year as CFO, I took our company from near bankruptcy to profitability by embracing strategic leadership, not just focusing on finance. 💡 The key? → CFOs today need to be as skilled in strategy as they are with numbers. Want to learn more about how CFOs are leading this transformation? 👉 Dive deeper in our latest blog post: Link in comments! 🌐 CFOs aren’t just driving financial success—they’re transforming businesses through innovation and leadership. 🔄 If you believe in the power of transformational leadership, share this with your network! 📢 P.S. How is your CFO reshaping your business? Let’s discuss—drop your thoughts below! 🏷️ #Leadership #CFO2024 #BusinessStrategy #DigitalTransformation #Innovation #FinanceLeadership #FutureOfWork

Secrets of successful CFOs

🌈 "Decoding the C-Suite: Understanding the Roles of CEO, CFO, and COO." In the intricate ecosystem of corporate hierarchies, the C-suite stands as the pinnacle of leadership, where decisions are made, strategies are crafted, and visions are brought to life. At the heart of this elite group lie three pivotal positions: CEO, CFO, and COO. Let's unravel the mysteries surrounding these roles and delve into what makes them indispensable in the corporate landscape. #CEO: The Architect of #Strategy, #Vision, and #Leadership The CEO is the custodian of the company's mission and vision, translating abstract #aspirations into actionable strategies that propel the organization forward. Beyond formulating strategies, they provide leadership and direction, fostering a culture of innovation, collaboration, and excellence. Their role extends beyond the confines of the boardroom, as they serve as ambassadors, representing the organization's values and interests to stakeholders and the public alike. #CFO- The Guardian of #Stability, #Finance, and #Stewardship The CFO's domain encompasses financial planning, risk management, and capital allocation. They oversee budgeting, forecasting, and financial reporting, providing insights derived from data analysis to inform strategic decision-making. Moreover, CFOs play a pivotal role in capital structure management, fundraising activities, and investor relations, instilling confidence among stakeholders through transparency and accountability. #COO- The Architect of #Efficiency, #Operations, and #Execution The COO is the driving force behind operational excellence, overseeing day-to-day activities and ensuring that the organization's resources are deployed effectively to deliver results. They streamline workflows, enhance #productivity, and mitigate #operationalrisks, laying the groundwork for sustainable growth and profitability. From #supplychainmanagement to quality control, the COO's purview spans across the operational spectrum, identifying inefficiencies and implementing solutions to drive continuous #improvement. How Do They Add Value ❓ The #valueproposition of the C-suite extends beyond the balance sheet, encompassing intangible assets such as leadership, vision, and operational efficiency. CEOs inspire confidence and galvanize teams to achieve #ambitiousgoals, CFOs instill #financialdiscipline and transparency, while COOs optimize processes and drive #executionexcellence. Collectively, they create synergies that propel the organization towards its #strategicobjectives, delivering tangible results and creating value for stakeholders. 🎯 Pathway to the C-Suite - Whether you're aiming to better lead, already atop exec looking to improve, or just curious about company structure, start today. Who knows, tomorrow you might be filling one of these pivotal roles, guiding your organization to new heights of success and prosperity. With determination Sameeir Anant Chart credit - Eric Partaker

The relationship between CFOs and CIOs is becoming increasingly important in today's business landscape. Recently, 86% of respondents noted a stronger partnership between these two roles. Interestingly, two-thirds of both groups report being responsible for technology-related decisions that impact business outcomes. Explore more on this evolving dynamic and its implications for your organization. #CFO #businessleadership