CFO Program Online Course
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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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Challenging your CEO and Board
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Challenging the board – A CFO’s perspective
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The CFO’s role in influencing strategy
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The five levers of influential CFOs
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Providing your unique perspective
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Demonstrating you are more than a numbers person
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Ensure that you are always consulted
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How to avoid being seen as the blocker
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Adding value: A CFO’s perspective
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Challenging your CEO and Board
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Module 6: Drive key decision-making11 Lessons
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The modern-day decision-making process
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Gathering the facts
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How Data Savvy is your Board?
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Using data to help business activities
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Support decision-making with data
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Express your opinion
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Communicating financial information to non-finance people
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Reading a situation
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Knowing when to compromise
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Managing conflict at Board level and beyond
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Driving a group consensus
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The modern-day decision-making process
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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
Participants 7431
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A strategic vision is a long-term plan that outlines where you want your business to go. It can be helpful to think of it as a roadmap that will take you from where you are today to where you want to be in the future.
Developing a strategic vision can be a helpful exercise for any business, large or small. It can help you identify your goals and objectives, and it can also give you a sense of direction.
Benefits
Change management leaders need to form a strategic vision for several reasons.
- Sharing your vision in a compelling way is vital to get buy-in from others.
- Outlining existing problems and issues allows you to create a common goal that everyone can work towards.
- Communicating how finance fits in with business growth helps to showcase what good looks like.
- Sharing the art of the possible gives people something to aspire to.
By doing all these things, change management leaders can create a strategic vision that comes across as sensible to the head and appealing to the heart. This is sure to help with buy-in and implementation down the line.
Common goals
You need to have both a sensible and an appealing strategy to be successful. The head is the logical, rational part of our brain that responds to things like numbers and facts. The heart is the emotional part of our brain that responds to things like stories and metaphors.
For a change management leader’s vision to be successful, it needs to make sense to the head and appeal to the heart.
Here are the six essential characteristics of a common goal:
- Imaginable: People need to be able to see it, picture it, and believe that it’s possible.
- Desirable: The goal should be something people actually want to achieve.
- Feasible: The goal can’t be so impossible that no one believes it can be achieved.
- Focused: The goal should be specific and clear so that everyone knows what they need to do.
- Flexible: The goal should be flexible enough to accommodate different people and situations.
- Communicable: People need to be able to understand and share the goal with others.
If you can form a vision with these six characteristics in mind, you’ll be well on your way to success.
Summary
By forming a strategic vision that appears to your key stakeholders and affected employees, change management leaders can share your vision in a compelling way and generate buy-in from others.
Full workshop recording
Here is a full workshop recording of a GrowCFO Change Management workshop that discusses this topic in more detail: