Why CFOs Don't Get It

March 1, 2008

by Damon Beyer, Saj-nicole Joni

Why CFOs Don't Get It

Within the past few years, there has been a clarion call for finance professionals to "step up" and play more expansive, transformational roles in business.

The trouble is, finance leaders often lack the mix of organizational insight and intuition that such transformational endeavors demand.

As in architecture, a variety of tensions help organizations to take shape and determine the speed at which a company's leadership vision is realized. Whether these are tensions over leadership, future vision and strategy, or resource allocation, each tugs upon alignments that determine how a company completes its work.

By leveraging such tensions and learning to manage the informal relationships that organizations thrive upon, finance leaders can become the trusted providers of "second opinions" to business leaders up and down the organization. It's a role in which your ability to drive transformation is intertwined with your growing influence. However, to take on such a role first requires that you make a counterintuitive yet critical realization.

Average: 9 (7 votes)

Your article reads: "In the

Your article reads: "In the first seven months, together Conant and Schiffner completely reassessed the situation and began to restock the executive ranks at Campbell's"
...So, at Campbell's it would seem that rather than putting organizational tensions to work, the first order of business was to
remove organizational tensions (old-regime executives) altogether. Is this really advancing organizational thinking?

It's pretty clear the CFO

It's pretty clear the CFO career ladder has a few missing rungs. Management skills and good organizational insight cannot be gleaned from budget meetings.

trust matters

i couldn't agree more. however, in the highly competitive workplace, it seems trust is hard to find.