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Discover the critical attributes and skills that modern Chief Financial Officers (CFOs) must possess to succeed in today’s business landscape.
In an insightful article from Ângela Pêgas and Bruno Carrasco, learn how the role of CFOs has evolved beyond traditional financial management, requiring them to play a more strategic role in shaping a company’s direction and driving value creation.
To thrive in this dynamic environment, CFOs must possess several key attributes:
As strategic thinkers, they must have a deep understanding of industry dynamics, competitive landscapes, and growth opportunities.
Agility and adaptability
Agility, adaptability, and comfort with ambiguity are crucial traits for navigating complex and ever-changing markets.
Communication and collaboration
Effective communication and collaboration skills are essential to convey critical financial insights to non-financial stakeholders and successfully lead cross-functional initiatives.
Embracing technology and data analytics
CFOs should also embrace technology to leverage advanced analytics tools, streamline financial processes, and stay ahead of emerging trends.
Leadership and talent development
In addition, CFOs must cultivate strong finance teams by identifying future finance leaders, providing mentorship, and supporting ongoing learning and development initiatives.
Investing in your CFOs by ensuring they possess these key attributes and skills, will take your business to new heights!