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CFO Program Online Course

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  1. Module 1: Embed finance across the company
    5 Lessons
  2. Module 2: Identify profit and cash initiatives
    7 Lessons
  3. Module 3: Oversee and drive business change
    13 Lessons
  4. Module 4: Deliver data-driven strategic insights
    6 Lessons
  5. Module 5: Challenge your Board and influence strategy
    9 Lessons
  6. Module 6: Drive key decision-making
    11 Lessons
  7. Module 7: Represent your business externally
    6 Lessons
  8. Module 8: Become a critical and influential voice
    5 Lessons
  9. Module 9: Deliver the business plan
    7 Lessons

Participants 7202

  • Patrick Eymann
  • Oleh Oleshko
  • Israel Jay Pelagio
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A CFO is responsible for making sure that your leadership team and wider business make sound decisions that are in the best interests of the company. This often means taking part in decision-making debates and knowing when to challenge people, when to stick to your views and when to compromise.

During this lesson, we discuss why it is important for CFOs to read situations carefully during these debates and we provide some tips for doing so.

Business Team Meeting in Circle

One of the most important things for CFOs to do during a decision-making debate is to read the situation carefully. This means paying attention to both the verbal and non-verbal cues that people are giving off. For example, someone might say one thing, but their body language could be saying something else entirely.

It is also important to remember that not everyone in the room will have the same information as you. This means that you need to be careful about how you share information and make sure that everyone is on the same page. If people feel like they are being left out of the discussion, they are less likely to trust your judgement.

Finally, it is important to know when to challenge people and when to compromise. In some cases, it might be necessary to challenge someone in order to get the information that you need. However, in other cases, it might be better to compromise in order to maintain relationships.

As a CFO, you need to be aware of the different agendas at play and make sure that people are considering all options before making a decision. It’s also important to remember that not every decision can be reached during one sitting. Sometimes, it’s best to take a step back, assess the situation and come back to it with fresh eyes. Only then will you be able to make the best decision for your company.

Summary

The ability to read situations carefully and make sound decisions is a vital skill for modern-day CFOs. By following the techniques above, you can make sure that you are always helping your colleagues to reach the best decisions for your company.