What are the top 8 skills CFOs need to be successful?
Let's start with an overview and deep dive into each of them ๐งต.
Let's start with an overview and deep dive into each of them ๐งต.
Here's an overview of the 8 skills:
1. Financial Management
2. Strategic Thinking
3. Business Acumen
4. Leadership & Communication
5. Problem Solving Skills
6. Ethics & Integrity
7. Tech & Data Literacy
8. Change Management
1. Financial Management
2. Strategic Thinking
3. Business Acumen
4. Leadership & Communication
5. Problem Solving Skills
6. Ethics & Integrity
7. Tech & Data Literacy
8. Change Management
1/8 Financial Management
Mastering accounting, financial analysis, and reporting to make informed decisions, plan budgets, forecast, and manage risks effectively.
Mastering accounting, financial analysis, and reporting to make informed decisions, plan budgets, forecast, and manage risks effectively.
2/8 Strategic Thinking
Aligning financial goals with business objectives, understanding the industry landscape, and contributing to strategic planning
Aligning financial goals with business objectives, understanding the industry landscape, and contributing to strategic planning
3/8 Business Acumen
Going beyond finance, having a deep industry knowledge, understanding market trends, and competitors to provide valuable insights and guidance.
Going beyond finance, having a deep industry knowledge, understanding market trends, and competitors to provide valuable insights and guidance.
4/8 Leadership & Communication
Leading finance teams, collaborating with stakeholders, and presenting complex financial concepts clearly and concisely.
Leading finance teams, collaborating with stakeholders, and presenting complex financial concepts clearly and concisely.
5/8 Problem Solving Skills
Analyzing financial data, identifying trends, and using problem-solving abilities to address financial challenges.
Analyzing financial data, identifying trends, and using problem-solving abilities to address financial challenges.
6/8 Ethics & Integrity
Ensuring accuracy and reliability of financial reporting, maintaining ethical standards, and promoting financial integrity.
Ensuring accuracy and reliability of financial reporting, maintaining ethical standards, and promoting financial integrity.
7/8 Tech & Data Literacy
Utilizing financial software, data analytics tools, and ERP systems to extract insights, automate processes, and enhance decision-making.
Utilizing financial software, data analytics tools, and ERP systems to extract insights, automate processes, and enhance decision-making.
8/8 Change Management
Being open to change, embracing new technologies, and effectively guiding the organization through transitions.
Being open to change, embracing new technologies, and effectively guiding the organization through transitions.
Do you agree that these are the top 8 skills for CFOs to be successful?
Any other skills you would add that you consider important?
Any other skills you would add that you consider important?
That's a wrap!
If you enjoyed this thread:
1. Follow me @LiuLindberg for more of these
2. RT this tweet to help CFOs develop the skills they need to be successful.
If you enjoyed this thread:
1. Follow me @LiuLindberg for more of these
2. RT this tweet to help CFOs develop the skills they need to be successful.
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