When taking the helm of the finance function, CFOs must come to terms with a new reality. Gone are the days when the CFO was a numbers person who supplied other leaders with data to inform strategic decisions.
Today’s CFOs are strategists and value creators in their own right, with broad mandates and continuous responsibilities to drive strong performance. Given the scope of the role, new CFOs’ agendas should be shaped by their organization’s strategic priorities and financial performance. This means that before focusing on execution, new CFOs must get to know the organization.
The first 90 days of their tenure provide a unique opportunity to gain this knowledge and apply it to set a vision for the future. CFOs can then use the vision as the basis for pursuing a prioritized agenda during the rest of their first year.
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