Strategic Business Partner
-
Strategic Business Partner - Introduction5 Lessons
-
Influence strategies7 Lessons|1 Quiz
-
Support decision-making11 Lessons|1 Quiz
-
The modern-day decision-making process
-
Gathering the facts
-
How Data Savvy is your Board?
-
Using data to help business activities
-
Support decision-making with data
-
Express your opinion
-
Communicating financial information to non-finance people
-
Reading a situation
-
Knowing when to compromise
-
Managing conflict at Board level and beyond
-
Driving a group consensus
-
The modern-day decision-making process
-
Become a critical voice7 Lessons|1 Quiz
-
Manage stakeholders12 Lessons|1 Quiz
-
Managing stakeholders
-
The Relationship Between CEO, CFO and Board
-
The Board's expectations of a CFO
-
Understanding your Board members’ perspectives
-
Your relationship with the Chairperson
-
The importance of internal stakeholders
-
Strengthening internal stakeholder relationships
-
How to manage your boss effectively
-
The importance of external stakeholders
-
Engaging with customers and suppliers
-
Leveraging your external relationships
-
Keeping people informed
-
Managing stakeholders
-
Be the co-pilot to your CEO7 Lessons
-
Strategic Business Partner Competency - Feedback
Participants 7430
-
Recent Episodes
- From P&L to Cash Flow: Why Your Financial Focus Needs to Shift
- How automating your finance function will transform how you work
- FX Outlook: Themes to keep an eye on into year-end
- Optimize Your CFO Board Report
- Abacum
- Scaling a Company: CFO Perspective
- Support Your Global Operations
- The FCF Playbook: Cashflow Optimization Strategies for CFOs
- Practical Ways CFOs Can Digitalize Their Finance Function
- How to Make Automation of Financial Reporting a Reality
- Increase Your Business Valuation
- AI: Is it the Answer to Accounts Receivable Issues?
- Planful
- Cash Forecasting Technology: From Spreadsheets to Special Purpose Systems
- The Office of Tomorrow’s CFO
As a finance leader, you are in a unique position to support other departments with decision-making. Not only do you have the financial data and insights to contribute, but you also have the ability to provide valuable strategic input.
To be effective within your role, it is important that you express your opinion clearly and effectively. This can be a difficult task if you don’t know how best to go about it, but if done correctly then it can be very beneficial for the company.
In this lesson, we will discuss why it is important for finance leaders to express your opinion when supporting other departments with decision-making and we will share four proven techniques for how best to go about doing this.
By expressing your opinion, you can share your valuable insights and knowledge with others. This allows for a more informed decision-making process and can ultimately lead to better decisions being made. Additionally, by sharing your opinion, you can build trust and credibility with those you work with and people in other departments.
There are four key techniques that you can use to effectively express your opinion:
The first technique is to be clear and concise in your communication. It is important that you state your opinion in a way that is easy to understand. Be sure to avoid using jargon or technical terms that other people may not be familiar with.
The second technique is to back up your opinion with data or evidence. When possible, provide data or examples to support your opinion. This will help to strengthen your argument and make it more convincing.
The third technique is to be aware of your audience. It is important to tailor your communication according to the people you are speaking with. Consider their level of knowledge, their needs, and what would be the most effective way to communicate with them.
The fourth and final technique is to practice active listening. This means that you not only listen to what others are saying, but you also take the time to understand their point of view. By doing this, you can better address any concerns or objections they may have.
If you follow these four techniques, you will be able to effectively express your opinion and contribute to the decision-making process.
An Expert’s Perspective
During the following video, experienced finance leader Klaudia Kranc shares perspectives on the importance of expressing your opinion where needed and how to deal with the challenges that may arise from doing so:
Summary
As a finance leader, you have valuable insights and knowledge to share. So don’t be afraid to speak up and share your opinion in a confident and well-presented manner.