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
Do you ever feel like you are the person in the room who has to say no to other people’s ideas?
Many finance leaders struggle to overcome the negative perception of being seen as the blocker in the board room. During an exciting conversation about a new lucrative idea, it is often the finance leader who needs to remind people of the significant costs involved and the unacceptable risk levels.
Being prepared to speak out is an essential part of your role but has the potential to damage your relationships and overall reputation.
It is important that you raise your concerns in an effective manner by:
1. Gaining the respect of your C-Suite peers throughout everything that you do;
2. Determining the best time to enter into difficult conversations;
3. Presenting your arguments in a clear and well-constructed manner;
4. Tailoring your approach based upon other people’s personality traits; and
5. Being prepared to back down when it makes sense to do so.
You should also consider your balance between challenging other people’s ideas versus helping to create value and deliver people’s strategic objectives.
Assess your skills
How comfortable are you at challenging other people’s ideas?
Do you approach difficult conversations in the best way?
What are other people’s perceptions of you?