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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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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
Ensure that you are always consulted
Dan Wells October 11, 2023
The role of the CFO is a critical one in any company. As the head of finance, you are responsible for ensuring that the company has the resources it needs to succeed. But you should also be involved in strategic decisions, as your insights can be invaluable.
There are a few things that you can do to ensure that you are always consulted on strategic decisions as the CFO. One of the most important is to build relationships with key members of the executive team. By developing strong relationships, you will be able to create an open line of communication where you can share your insights and provide feedback.
In this lesson, we will discuss how you can ensure that you are always consulted on important decisions and play a key role in shaping the future of your company.
Your starting point is to build strong relationships with key members of the executive team. Here are three ways that you can do this:
- Get involved early in the strategic planning process. This will give you a chance to provide input on the company’s goals and how they can be achieved.
- Share your insights with the executive team. Offer your thoughts on new initiatives and suggest alternatives if you think that something is not going to work.
- Make sure that your voice is heard at every meeting. If you’re not being consulted on a particular decision, ask why not. It’s important that the executive team knows that you have valuable insights to offer.
If you want to be involved in strategic decisions, it is important to establish yourself as a thought leader. You can do this by writing articles, speaking at conferences, or teaching classes. By sharing your insights and ideas with others, you will show that you have the knowledge and experience to contribute to important conversations.
It is also important to be proactive in offering your input. When you see an opportunity for improvement, speak up and offer your suggestions. By being proactive and showing that you are always looking for ways to improve the company, you will demonstrate that you are an invaluable member of the team.
Finally, always be prepared to back up your opinion with data. As the CFO, you have access to a wealth of financial data that can be used to support your position. By being able to provide data-driven insights, you will be able to make a strong case for why your opinion matters.
By following these tips, you can ensure that you are always consulted on important decisions and play a key role in shaping the future of your company.
Summary
CFOs have a unique financial perspective, the best working knowledge of the performance data and a strong overview of the bigger picture. You have huge amounts to contribute towards strategic conversations and it is essential that your voice is properly heard early in the strategic planning process.
Be proactive towards building strong relationships with your company’s executive team and regularly share your valuable insights so that your views are well-respect
