Remove Analysis Remove CFO Remove Finance Remove Innovation
article thumbnail

When a CFO’s “Head In The Cloud” Is a Good Thing

N2Growth Blog

Having a CFO with a “head in the cloud” might be a good thing if we’re talking about cloud computing, cognitive technologies, and AI that has significantly influenced this role. Even though many are still behind the curve, there has been a considerable technological evolution of finance function.

article thumbnail

Who’s Better at Strategy: CFOs or CSOs?

Harvard Business Review

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. There are two reasons for this.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Two Powerful Ways Managers Can Curb Implicit Biases

Harvard Business Review

” In finance, for example, that might mean believing — based on no evidence — that only MBA graduates from an elite university are likely to succeed at their jobs. And sameness blocks performance and innovation. Diversity, on the other hand, spurs innovation. Run a gap analysis.

Power 11
article thumbnail

Do You Know Who Owns Analytics at Your Company?

Harvard Business Review

When I do get a name, it often differs depending on who I asked—a marketing executive points to one person, while finance identifies someone else. Analytics requirements can span business units, database and analysis systems, and reporting hierarchies. The answers I most often get are “Nobody” or “I don’t know.” That isn’t good.

article thumbnail

Do You Know Who Owns Analytics at Your Company?

Harvard Business Review

” When I do get a name, it often differs depending on who I asked—a marketing executive points to one person, while finance identifies someone else. Analytics requirements can span business units, database and analysis systems, and reporting hierarchies. That isn’t good.

article thumbnail

Avoiding Catastrophic Failures in Process Improvement

Harvard Business Review

The analysis and design phase of a "bet your company" process change needs to be done thoroughly. Process champions must have them ready for the day when the CEO or CFO effectively says, "Show me the money.". Engage the finance organization. Finance was on board at the company in our story.

Process 15
article thumbnail

Nonprofits Can’t Keep Ignoring Talent Development

Harvard Business Review

Education crowdfunder DonorsChoose.org, which finances classroom-based projects, is a good model of success. Good Shepherd’s CFO, Greghan Fischer, for example, saw strong potential in Yan Li, a quietly competent member of her finance team. Fischer had Li practice leading budget meetings and provided feedback.