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 Ethical Standard-Bearer
Is the CFO the best person to be the moral lighthouse in an organization? Is that a good thing? This article brings up the point that CFOs should instill a culture of trust and ethical excellence in their organizations. Hmmm…
2) CFOs in a Crisis of Confidence
Another survey of CFOs (which leads me to wonder when CFOs can get any work done with all the surveys they take). This one says that the board and outsiders don’t trust them as much as they used to. I’m sure this is tied into the previous article, but I’m just an armchair philosopher, not a social scientist.
3) Office Politics: It exists. How should you deal with it?
My CFO Relationship Map is certainly a good visual for the politics a CFO has to deal with. I just call it relationship management. “Politics” has a bad name for some reason. (Read the news lately?) Call it relationships or politics, CFOs that play the game well usually win. We can all improve our game.
4) There must be a better way
“Closing the books” is the bane of most CFOs existence. Technology is changing my friends. Find a way to make it disappear.
5) Your Team: You can do better
“A new wave of digital tools can help companies to focus not only on hiring but also on managing, retaining, and developing employees.” Wouldn’t you like to do better in hiring, managing and developing your finance team? Don’t ignore the available digital tools. Embrace them and build the finance team that will support you being a great CFO.
Some of Samuel’s other CFO stuff this week
Tweet of the week
— BetaKit (@BetaKit) March 1, 2016