Lead Change Blog

JUNE 25, 2020

In their CFO Magazine piece, “ How An Obsession with Metrics Is Killing Your Company ”, authors Alexander Van Caeneghem and Jean-Marie Bequevort , write, “The quest for financial performance and the pressure to measure can corrode organizational cultures, narrow the focus of leadership, reduce intrinsic motivation, and support unethical behavior.

P&L 220

P&L ROE Metrics CFO 220

Leading Blog

APRIL 24, 2020

Joel Peterson has been around the block serving as a leader in various roles—CEO, CFO, founder, investor, entrepreneur—and is currently the chairman of JetBlue Airways and a professor at Stanford’s Graduate School of Business. And they do it all by providing solutions that are worth more to customers then they cost.

Leadership 269

Leadership Entrepreneur CFO Objective 269

Mark Sanborn

NOVEMBER 28, 2023

In Practice: A CFO might confidently project revenue figures while neglecting market uncertainties and potential disruptions. Sunk Cost Fallacy: The Costly Commitment The Trap: Leaders sometimes persist with initiatives due to past investments, regardless of current or future viability.

Groupthink 56

Groupthink CFO Uncertainty Consensus 56

First Friday Book Synopsis

OCTOBER 8, 2013

Bob''s blog entries Accountability versus Ownership “Be yourself [period] Everyone else is taken” Bibliomotion CIO Career Path Corporate Board Cost versus Innovation David C.

CIO 80

CIO Enterprise Architecture Review CFO 80

N2Growth Blog

OCTOBER 11, 2022

C-Suite: CAO, COO, CFO, CTO, etc. Should a candidate decide to leave their position, a one-year guarantee ensures a replacement at no additional cost. They concentrate on obtaining top talent for senior-level and executive positions. This includes: Board Directors. Vice President. Senior Vice President.

Execution 217

Execution CTO COO CFO 217

Modern Servant Leader

JANUARY 20, 2012

During the financial earnings call, CEO Gary Kelly , CFO Laura Wright and Executive VP Robert (Bob) E. Yet, Southwest makes up for these costs by being more productive. When asked how the company would address future challenges, Kelly was clear: they would avoid shrinking fleets or staff at all costs.

Airlines 203

Airlines Leadership CFO ROI 203

Great Leadership By Dan

APRIL 1, 2014

A new CFO came on board and decided that training was a luxury that could no longer be afforded. Wouldn’t it be worth the cost of 1-2 days of training to prevent a million dollar mistake? There was even a requirement that every employee received 40 hours of training. 70-20-10 model development training'

Training 230

Training Development Budgeting Learning Curve 230

Harvard Business Review

JULY 25, 2016

What receives far less attention is that, more and more in our increasingly complex, volatile, and fully-globalized business world, the effectiveness of such action depends on a powerful partnership between the Chief Financial Officer (CFO) and the General Counsel (GC). Compliance.

CFO 8

CFO Chief Financial Officer Compliance Due Diligence 8

Tanveer Naseer

NOVEMBER 28, 2017

And it’s costing companies a pretty penny to replace workers. Eagle Hill reports that replacing a mid-level employee – including hiring and training costs, in addition to lost revenue and lost productivity – can add up to 150% of that employee’s salary. Feedback is an essential part of engaging employees.

Charan 257

Charan Attrition Morale Survey 257

HR Digest

AUGUST 29, 2020

Also, we have identified structural costs that needed to be addressed immediately.” . “We went into the bad crisis with more people relative to the demand,” the company stated. “The crisis brought additional strain on the businesses because of lower demand and reduced national attrition.

Attrition 52

Attrition Crisis CFO Long-term 52

Great Leadership By Dan

MAY 7, 2020

The firm might have relied on their rolodex to place a CFO in New York City, but this doesn’t mean they can do the same and find you a candidate in Chicago. This is obviously cost effective to the search firm, but comes at a cost in what they can deliver. Some search firms will fully dedicate a recruiter to your search.

Execution 213

Execution Chief Financial Officer Industry Strategy 213

Strategy Driven

DECEMBER 31, 2015

Create a path forward to enable buy-in, collaboration, win/win, and a minimum of risk/resistance/cost for everyone involved. meet with CFO (manages the Tech department). Majority decides to use vendors to do all the work rather than in house, but need buy-in from CFO. She opposes hiring external vendors. meet with BDT.

CFO 50

CFO Consensus Budgeting Brand 50

Marshall Goldsmith

DECEMBER 26, 2011

Recently, in a conversation with the CFO of a blue chip company, I observed an example of the impact of this increased compensation. The CFO replied, "You are getting paid as much a partner in one of the top professional services firms. One of his direct reports complained, "I didn't go to work in a major corporation to work this hard.

Health Care 132

Health Care CFO Competitive Advantage Outsourcing 132

Strategy Driven

MARCH 20, 2021

It’s usually the job of a bank’s chief financial officer (CFO), chief risk officer (CRO), or chief technology officer (CTO) to oversee tech implementation. Or, they may be skeptical about whether it’s worth the cost, or the risk to a high-stakes profession such as finance.

Technology 70

Technology Chief Financial Officer Banking Chief Technology Officer 70

Lead Change Blog

NOVEMBER 6, 2018

Jon Verbeck shares Focus on Profit Part 1: Decrease Costs. ” CFO Jon Verbeck gives us a major pointer for increasing our profits, and helps leaders understand these important elements of running a department or business. But Shelley Row also cautions us to not ALWAYS trust our guts. F ind Shelley on Twitter at @shelleyrow.

Leadership Development 269

Leadership Development Development Leadership IAS 269

Lead Change Blog

MAY 1, 2017

Everyone knows the roles and responsibilities for a CEO, CFO and CTO but change the wording and a different picture emerges. This brief post and animated video demonstrate that while pay raises might be in short supply, there are always four ‘raises’ available to leaders… and they cost literally nothing.”

Leadership Development 264

Leadership Development Development Leadership CTO 264

Strategy Driven

JULY 27, 2018

If you don’t have one already, hiring a CFO or accountant is a good idea if you need help managing your money as a business. You could also explore the option of hiring a freelancer or contracting with a local provider instead if you’re trying to cut costs or can’t afford a full-time employee. Hire a Professional.

Tips 52

Tips Management Budgeting Discount 52

Surviving Leadership

OCTOBER 29, 2018

At this meeting, employees heard from the CEO, CHRO, General Counsel, COO, CFO, CMO, and any business leaders spearheading a major initiative. Lesson: You want employees to learn how a business makes, saves, and spends money?

CFO 58

CFO P&L Call Center COO 58

Marshall Goldsmith

AUGUST 15, 2011

Here are her ideas and reflections: Chief Marketing Officers (CMOs) are usually under pressure because most organizations see marketing as a cost center and are not aware of how it is contributing to the bottom line. For an insider's perspective, I've asked Susanne Lyons, former CMO at Visa and Charles Schwab, to answer your question.

Advice 107

Advice Execution Marketing Prahalad 107

Harvard Business Review

JULY 23, 2013

At the same time, technology budgets are static or contracting, and non-IT execs want more attention to cost-cutting. Unlike the world of the CFO, management and staff generally do what they like when it comes to creating and (not) disposing of information, creating a cavernous gap in accountability. We know this.

CIO 8

CIO CFO Zero Based Budgeting Chief Technology Officer 8

Harvard Business Review

APRIL 30, 2015

You’ll likely be asked to show that the return on the investment will be better than your company’s cost of capital. What is the cost of capital? “The cost of capital is simply the return expected by those who provide capital for the business,” says Knight. How do you calculate the cost of capital?

Cost of Capital 8

Cost of Capital Cost Finance Discount 8

N2Growth Blog

JUNE 29, 2010

mikemyatt: RT @thinkBIG_blog: Cheap always costs you mo. Our Freedom. mikemyatt: The rigidity of a closed mind is the first s. mikemyatt: More thx @BradAustin1 @LeadershipWatch @GBSL. mikemyatt: RT/mention thx @AMAnet @SmartBrief @Leadersh. mikemyatt: A leaders Intellect should not be a depreci. All Rights Reserved

Blog 286

Blog Brand CEO Consultative 286

Harvard Business Review

OCTOBER 18, 2013

Cost cutting is difficult in any industry, but it’s particularly challenging in healthcare, where organizations are simultaneously undergoing a major transformation to improve care and the patient experience. Banner’s leaders made a conscious choice to eschew industry benchmarks in the cost initiative. Vision before action.

Cost 8

Cost Health Care Six Sigma Insourcing 8

CO2

SEPTEMBER 6, 2018

Those at the top feel obliged to pretend to omniscience, and therefore refuse to learn anything new even if the cost of doing so is success.” – Russell Ackoff. “The perceived need to learn something new is inversely proportional to the rank of a manager.

Leadership Styles 87

Leadership Styles COO Learning-by-Doing Planning 87

CO2

SEPTEMBER 6, 2018

Notice in the example I’ve provided below (which is organized by function) how the CEO has the COO promotion ready, and the COO has two possible candidates (both the CFO and the VP of Operations) and has chosen the VP of Operations. “The perceived need to learn something new is inversely proportional to the rank of a manager.

Leadership Styles 78

Leadership Styles COO Learning-by-Doing Planning 78

N2Growth Blog

AUGUST 22, 2010

If your CFO handles all communications with your banking relationships, and your Chief Investment Officer handles all of your investor relations, you’re flat out missing the boat. mikemyatt: RT @thinkBIG_blog: Cheap always costs you mo. If your CMO is making all of your brand decisions there will be h*ll to pay down the road.

Blog 412

Blog Gordon CEO Consultative 412

The Empowered Buisness

JULY 14, 2015

For example, A successful CFO is likely to have such MAPs (Motivation and Attitudinal patterns) as — strong motivation toward procedures over options; a preference for solving problems over focus on goals; and a high past time orientation that drives focus on traditions, past experience and benchmarks.

Motivation 100

Motivation Leadership McClelland Long-term 100

Harvard Business Review

DECEMBER 1, 2017

The answer involves radically reframing one of the mainstays of the C-suite — the role of the CFO. It’s no longer adequate or acceptable for CFOs to simply focus on managing the financial risks of a company. CFOs at the most risk-aware companies are applying these strategies. Partner with your CISO.

CFO 9

CFO CIO Budgeting Long-term 9

Harvard Business Review

JANUARY 13, 2011

Actually, "used" doesn't quite convey it: They cost $29 each. Then the family's CFO, my wife, who also happens to be a CPA, demanded to know their TCO. cost of improving the operating systems; unfortunately, the new OS could not be loaded from the internal CD drive and required an external DVD player, which cost $120.

Technology 15

Technology CIO CFO TCO 15

Harvard Business Review

MARCH 6, 2013

But this makes the still lingering CMO-CFO disconnect even more significant, as both executives are now stewards of that critical corporate data. As the CMO, I can say that a big part of trusting Gene (CFO) was that he not only demonstrated a passion for marketing, but a genuine interest in helping our department with his finance expertise.

CFO 8

CFO Advertising Finance Marketing 8

Harvard Business Review

JANUARY 11, 2016

The 1990s saw the rise of the strategic CFO, and more recently many companies have created a chief strategy officer (CSO) position. Such friction is destructive — and a huge missed opportunity, because the CFO and the strategy head are far more effective when they collaborate. Tapping the most promising growth spots.

Strategy 8

Strategy CFO Finance Short-term 8

Harvard Business Review

JULY 19, 2012

What It Costs To Be an Expat (Mercer Insights). That's my takeaway from a scan of Mercer's 2012 Cost of Living Survey, which focuses on the costs of common items for expatriate workers. One downside: Vancouver trails only Sao Paulo on the cost of a fast-food hamburger. By Andy O'Connell. I'm transferring to Vancouver.

CFO 21

CFO Discount Price Cost 21

Harvard Business Review

NOVEMBER 25, 2013

Only when they began to really analyze their marketing costs did the company realize that it was spending three times the industry benchmark on coupons and 50 percent more on research. CMOs need to start building this relationship by having a clear understanding of what CFOs expect.

CFO 8

CFO Short-term Long-term Benchmarking 8

Harvard Business Review

MARCH 23, 2015

They figure out how much the new computer system and software will cost and they compare that with the cash flow generated through efficiencies (assuming they know how to analyze returns based on cash flow). They could make sure it fits before they cut a more expensive metal version, thus eliminating the cost of rework. Of course not.

Finance 8

Finance NPV CFO ROI 8

Harvard Business Review

MAY 28, 2018

Then a new CFO joined the company: Masashi Oka, a financial industry veteran who had played a key role in transforming Mitsubishi UFJ Financial Group-owned Union Bank in the US. I assumed you had some further cost reduction up your sleeve.”

Company 8

Company ROIC CFO Restructuring 8

Building Personal Strength

MARCH 4, 2010

Based on his actions, we know that our relationship as a customer isn’t as important to him as the cost of repairing or replacing the appliance. Forty years later, I googled him and discovered that he’s now the CFO for a big company and a benefactor in his community. He and I never communicated again after that.

Loyalty 107

Loyalty Open-book CFO Restructuring 107

Harvard Business Review

MAY 4, 2012

Less Volatility in Stock Price: The net effect of providing guidance is arguably a less volatile stock price, which can result in a lower beta and a lower cost of capital. CFOs can be similarly transparent concerning the key performance metrics that will drive future revenue and earnings. FD) constraints.

CFO 11

CFO Metrics Price Depreciation 11