CFO Buzz is a news feature capturing top stories affecting CFOs. This feature is published Fridays so that CFOs can gain perspective over the weekend, allowing them to challenge themselves and think about how to improve their lives, careers and companies.
1) CFO as ScandalBuster
When it hits the fan, the CFO is called in to clean up. Volkswagen is the most recent high-profile example of a corporate scandal that called upon the sitting CFO to become CEO and clean it all up. This speaks well to the reputation of the CFO as an individual and the overall reputation of the position of Chief Financial Officer. Who are you going to call?
2) CFO involvement with Strategy
CFOs love to describe themselves as “Strategic”. How should the CFO be involved with business strategy? What can the CFO do to work with all the other strategic leaders in their organization to impact strategic direction in an effective manner? This McKinsey article gives the head of Finance advice on how to make it all work.
3) Can a CFO be “Perfect”?
Derica Rice, CFO and executive vice president of global services at Eli Lily believes that pursuing perfection is not helpful for a CFO. Read this article with useful advice to current and future CFOs from his perspective.
4) More Big Data for CFOs
Who’s afraid of the big bad data? Many CFOs are, but they shouldn’t be. Being aware of what data can do for you and your organization is the first step.
5) Hello? Anybody home?
Do you answer the phone? In the day and age of messaging, emails and voice mail, few people do. Using the phone as a communication tool is important, and this article is a reminder that you can gain from using the phone more.
Some of Samuel’s other CFO stuff this week
Tweet of the week
— Cathy Logue (@CatLogueAmbit) October 7, 2015