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Module 1: Embed finance across the company5 Lessons
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Module 2: Identify profit and cash initiatives7 Lessons
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Module 3: Oversee and drive business change13 Lessons
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The CFO’s role in driving change
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Driving change across your business: Top tips from a finance leader
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How to encourage innovation across your workforce
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The emotional reaction to a change initiative
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Obtaining people’s buy-in
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Change management: Create a sense of urgency
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Change management: Build a guiding coalition
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Change management: Form a strategic vision
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Change management: Enlist a volunteer army
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Change management: Enable action by removing barriers
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Change management: Generate short term wins
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Change management: Sustain progress
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Change management: Embed the changes
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The CFO’s role in driving change
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Module 4: Deliver data-driven strategic insights6 Lessons
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Module 5: Challenge your Board and influence strategy9 Lessons
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Module 6: Drive key decision-making11 Lessons
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Module 7: Represent your business externally6 Lessons
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Module 8: Become a critical and influential voice5 Lessons
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Module 9: Deliver the business plan7 Lessons
Module 3: Oversee and drive business change
Dan Wells October 10, 2023
The role of the CFO is constantly evolving as businesses strive to stay ahead of the competition. As a CFO, you have a unique opportunity to act as a catalyst for change and drive change initiatives throughout your organization. You can help promote innovation and creativity, while also ensuring that the financial health of the company remains strong.
To accomplish this, you need to be able to not only identify opportunities for change, but also have the ability to implement those changes successfully. This requires you to understand people’s typical emotional reactions during each journey of a change project and how to properly obtain their buy-in throughout. You will need to create a sense of urgency, form a strategic vision and enlist a volunteer army to remove barriers, generate short-term wins and embed the changes.
During this module, we explore what it means to be a catalyst for change and discuss how the CFO can use this role to improve your organization’s performance. We will also look at ways to overcome resistance to change and create a culture of innovation within your business. We cover each of the eight principles from John P Kotter’s book: Leading Change; and provide methodologies to encourage innovation throughout each department.
