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Faster, smarter, bolder: How midtenure CFOs shift into a higher gear.

Authors :
Agrawal, Ankur
Catania, Cristina
Grube, Christian
Kelleher, John C
Source :
McKinsey Insights; 5/1/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

This article explores the ways in which midtenure CFOs can excel in their role and contribute to the success of their organization. It emphasizes the importance of revitalizing the finance function, collaborating with the CEO to establish a new strategic aspiration, and developing the finance team. The article also discusses the need for CFOs to expand their focus beyond finance and embrace innovation, benchmarking, and collaboration. It addresses the challenge of balancing cost management with long-term growth and dispelling negative perceptions of finance. The article provides insights and advice from former finance leaders, offering valuable perspectives for CFOs seeking to make a lasting impact. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
McKinsey Insights
Publication Type :
Periodical
Accession number :
177066047