7 Principles to Lead with Imagination

Leading Blog

Brian Paradis was the Chief Financial Officer for Florida Hospital when he was tasked with leading the troubled organization in 2006. I MAGINATION is about seeing what others don’t see. In a disruptive world, we need leaders with more imagination. We all have the capacity for imagination and applied it has the power to unlock or fullest potential.

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Find Your Ideal Job and Build Your Dream Business

Leading Blog

Business Ownership Strengthens Your Employee Net Worth: In most positions you rarely get the opportunity to experience the functions associated with the roles of a Chief Executive Officer, Chief Financial Officer, and Chief Marketing Officer, as well as manage the day-to-day requirements for customer engagement and retention. I S IT POSSIBLE to have your cake and eat it too?

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What Every Man Should Know About Female Colleagues

Coaching Tip

Yet the number of women at the top is barely budging: some 5% of Fortune 500 chief executive officers and 17% of board members. “If If you want to change the numbers, you have to get men involved,” says Mike Kaufmann, chief financial officer of Cardinal Health. Men this is your career guide about women you work with. The business case is compelling. Companies with more women in leadership posts simply perform better.

Integrity – A Critical Cornerstone To Effective Leadership

Tanveer Naseer

Without it, no real success is possible, no matter whether it is on a section gang, a football field, in an army, or in an office.” – Dwight D. In a survey of over 1,000 office employees and more than 2,200 chief financial officers, respondents were allowed to choose up to 3 responses to the question: Which of these are the most important attributes in a corporate leader? The following is a guest piece by Terri Williams.

These Are the People You Need on Your Startup Team

Chart Your Course

Chief Financial Officer. You need a numbers guy to navigate your company to financial success. If the movies are true, the ideal is a tie wearing, straight arrow that lives for financial statements. In the days after the Sarbanes-Oxley Act of 2002 (SOX), a chief executive cannot hide behind the acts of the CFO. If your CFO is doing something financially shady, SOX says that he is either doing it with you or to you.

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Effective Questions: An Example with Measured Value

EnLeadership

Peg Burnette, chief financial officer, said that since its Lean conversion (process started) in 2005, the city’s public health system has benefited to the tune of $54 million in increased revenue, money not spent, and expenses cut.

4 Questions to Ask to Select the Best Executive Search Firm

Great Leadership By Dan

Put it this way: just because an agency placed a technical Project Manager at a software company doesn’t mean they can find the right Chief Financial Officer or Director of Marketing in the same industry. Guest post from Atta Tarki and Gustav Brown : Selecting the right executive search firm can be almost as difficult as finding the right candidate for the job.

Ex COO of Pinterest Sues Company for Wrongful Termination

HR Digest

Former Chief Operating Officer of Pinterest, Françoise Brougher, has filed a lawsuit against the company alleging gender discrimination and wrongful termination. Brougher has also cited the chief financial officer of the company, Todd Morgenfeld, as being disrespectful, aggressive, and confrontational.

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Google asks all employees in North America to work from home

HR Digest

Google employs around 100,000 people in its various offices in the US. All offices in North America are now on recommended work from home status if roles allow,” a Google spokesperson said in an email to CNBC. Our goal is to reduce the density of people in offices, which expert advice suggests may slow down the spread of COVID-19 and reduce the burden on the local community and health resources.”.

Leading a Board of Directors

Great Leadership By Dan

If you choose only “Indian Chiefs, you may well find the egos are more trouble than they are worth. Don’t use precious board time to rehash reports and financial performance that can be shared in advance. He’s a seasoned financial operator with extensive experience in startups and growth companies. He serves as Chief Financial Officer of publicly traded Leaf Group (NYSE: LFGR), a diversified consumer internet company.

Different Types of Managers: Which one are you?

HR Digest

The top managers are the C-suite managers and carry the titles of chiefs-- the chief executive office, the chief financial officer, the chief marketing manager, the chief operational manager, and the chief technology manager.

CEO Disease Symptoms

Coaching Tip

Nearly 13% of chief financial officers, chief marketing officers, and other C-level executives say that having input into company decisions is their top reason to stay with a company, according to the survey. Chief Executive Officer (CEO) Communication Memes Self-Awareness Work life boss-employee relationship c-level CEO disease execunet mark anderson peter cappelli university of pennsylvania wharton school

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Digital Media and the Future of Your Leadership – Video

Modern Servant Leader

So, I’m sitting across from the Chief Financial Officer of a major organization and he’s going on about the next director he plans to fire. As the Chief Information Officer for the organization, it’s my unfortunate responsibility to support his behaviors. Yet, he’s the Chief Financial Officer of a major organization. Ben Lichtenwalner presents Digital Media and the Future of Leadership at Hope College’s Critical Issues Symposium.

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How to Hire the Best Employees for Your Company

Strategy Driven

For instance, you can outsource a chief financial officer that can offer advice to the company on how to best improve their profitability. Employees are the heart and soul of the company.

How “Strategically Aligned” is your Leadership Development Program?

Great Leadership By Dan

If you answered B , then it’s time to get out of your office and hit the road again. If you answered E : C stands for Chief, as in Chief Executive Officer, Chief Financial Officer, Chief Operations Officer, Chief of Staff, Police Chief, Chief Rabbi, Commander in Chief, Chief Justice, Chief Sitting Bull, etc….

4 Failure Points that Can Undermine Your Business – Failure Point 2: Concept Validation Is Not Enough

Strategy Driven

At the time we launched my second business, Sigma Communications, and its flagship magazine, The National Register of Commercial Real Estate , the biggest issue facing chief financial officers and real estate executives was their surplus real estate. Malls and office buildings sat empty, ushering in the term “see-thru buildings.”.

My Great Failure, Part 3: Needing Where I Should be Leading

Modern Servant Leader

My boss, the Chief Financial Officer, set lofty goals. Ultimately, I was called into the CFO’s office and asked for my resignation. I never would have though, given my family’s financial position at the time. The Scenario: An Unrealistic Demand. While working for a large, rapidly expanding non-profit, I was tasked with upgrading the organization’s technology. We anticipated doubling in scale over 12 months.

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Deadly Disease of Management: Emphasis on Short-term Profits

Deming Institute

Fiduciary Duty: better align interests of financial intermediaries and their investors. Almost 80 percent of chief financial officers at 400 of America’s largest public companies say they would sacrifice a firm’s economic value to meet the quarter’s earnings expectations. One of Dr. Deming’s 7 deadly diseases is: Emphasis on short-term profits: short-term thinking.

The Secret Button for Getting Your Ideas Approved

Strategy Driven

Chief Financial Officer: “We should enter the Italian and German markets because we can generate $XMM in incremental profits.”. Chief Marketing Officer: “We should enter the Italian and German markets because we can increase our European market share by X%.”. The Chief Marketing Officer will care about market share. Army as a combat arms officer.

How the CFO and General Counsel Can Partner More Effectively

Harvard Business

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). In more and more global companies, the CEO, directors and other key stakeholders see the GC as having importance and stature comparable to the Chief Financial Officer.

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Boards Should Take Responsibility for Cybersecurity. Here’s How to Do It

Harvard Business

Ideally, security executives should attend board meetings in the same way that a chief financial officer would. Clique Images/Getty Images. With news of data breaches, ransomware attacks, and zero-day vulnerabilities making headlines, cybersecurity is likely appearing even more frequently on the agenda in many board meetings. After all, no company wants to become the next brand on the front page of the Wall Street Journal or have their executives testify in front of Congress.

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How U.S. Health Care Got Safer by Focusing on the Patient Experience

Harvard Business

Before 1999 “performance” had a simple, unidimensional definition for health care leaders and their boards: It was shorthand for the CFO’s financial report, summarizing operating margins. Now, however, a unifying theory has emerged for how to improve performance for all these dimensions — safety, quality, experience, and financial. The financial health of the organization was the most important metric for management and governance to follow.

Study: A CEO’s Decision Making Is Shaped by Whether Their Parents Were Immigrants

Harvard Business

We replicated our analysis for the Chief Financial Officers (CFOs) of each bank and other members of the top management team, but we did not find a relationship between their cultural heritage and firm performance. agalma/Getty Images. Does cultural background affect a leader’s decision making?

A Simple Way to Map Out Your Career Ambitions

Harvard Business

If you want to be a chief financial officer (CFO), identify five CFOs who you admire or who are well regarded in your industry. Find the leaders on the industry “best” lists (best chief marketing officer, chief information officer, etc.),

Here’s Why Strategy Chiefs Succeed or Fail

Harvard Business

Consider Staples, the office-supplies retailer, which had tumbled from being the market leader to being a third of the new leader’s size by 1992. So founder and CEO Tom Stemberg hired John Wilson as head of strategy and chief financial officer. Walgreens Boots Alliance’s Rick Mills has been the group strategy officer for 20 years. alicemoi/Getty Images.

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Why the Entire C-Suite Needs to Use the Same Metrics for Cyber Risk

Harvard Business

At the same time, members of the C-suite are measuring their potential impact using different metrics — financial, regulatory, technical, operational — leading to conflicting assessments. High-profile cyberattacks — ranging from the one suffered by Sony Pictures in 2014 to the global ransomware attacks that occurred last May and June — highlight the huge financial and reputational stakes. Harry Haysom/Getty Images.

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What If You Could Learn Design from Apple?

Harvard Business

A few years ago I was working with a global company that was trying to engage Chief Financial Officers. Paul Garbett for HBR. Over 4,000 companies have corporate universities. Some of the most famous are run by GE, Disney, and McDonalds. Their purpose is to instill the company’s vision and values and cultivate critical skills and competencies.

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Why We Need to Update Financial Reporting for the Digital Era

Harvard Business

In our recent HBR article , we argued that financial statements fail to capture the value created by modern digital companies. Since then, we interviewed several chief financial officers (CFOs) of leading technology companies and senior analysts of investment banks who follow technology companies. and (ii) how can digital firms improve their financial reports to communicate sources of value creation in their businesses? Martin Konopka/EyeEm/Getty Images.

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The “Business in Society” Imperative for CEOs

Harvard Business

Indeed, systematically dealing with the risks of anti-business/anti-globalization proposals and the opportunities of pro-growth policies has become as important for global corporations as addressing product, market, and financial issues. The contemporary CEO must not only be expert at addressing the commercial verities of products, markets, and competitors.

Carlos Ghosn, Nissan, and the Need for Stronger Corporate Governance in Japan

Harvard Business

Ghosn was recently arrested for financial misconduct, fired from his position as Nissan’s board chairman, and criticized by Nissan’s Japanese CEO for accumulating too much power. This rule was pushed through by the new head of Japan’s Financial Services Agency, an outspoken critic of the high pay awarded to corporate executives. As a result, when making close calls on the company’s financial reports, that auditor may be too deferential to Nissan management.

Make the Right Decisions About Your Company’s Sustainability Efforts

Harvard Business Review

As described in the HBR article “ Sustainability a CFO Can Love ,” by the company’s chief financial officer Kurt Kuehn and Lynnette McIntire, it is used to display proposed initiatives in terms of their relevance internally to the company’s strategy and externally to outside parties. It’s vital that companies manage their impact on the planet , and most are willing to invest at some level in sustainability initiatives.

A Blueprint for Digital Companies’ Financial Reporting

Harvard Business

In a recent HBR article , we claimed that modern digital companies such as Uber, Facebook, and Alphabet play an increasingly important role in the economy, but their financial statements fail to capture company’s main value drivers. In a follow up HBR article , we interviewed several chief financial officers (CFOs) of leading technology companies and senior analysts of investment banks and distilled seven key insights from those discussions.

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The CEO of Children’s National Health System on Leadership, Innovation, and Delivering Specialized Care

Harvard Business

The providers and front-office staff know what’s comforting to this particular child, making the experience calm, as opposed to a blood draw where you’re calling security to try to hold down a child. All of those have a financial plus side to them, but more importantly, the top doctors and researchers are attracted to that kind of atmosphere. I knew I had to get a top chief financial officer.

Stop Budgeting, Start Improving

Harvard Business Review

To be sure, organizations need financial targets, and when they are under severe pressure, slashing "overhead" is far faster and easier. According to ThedaCare's chief financial officer, Tim Olson , top management viewed it as a significant waste of time. ThedaCare also introduced a daily financial management tool for department managers. A company's leaders need to be accountable for financial results. It isn't to sit in their offices reviewing budgets.

Navigating Tradeoffs in a Dual-Career Marriage

Harvard Business Review

Last month, Patrick Pichette, Google’s 52-year-old chief financial officer, announced that he was retiring to spend more time with his family. Michelle Hickox, the chief financial officer of Independent Bank in Texas, and her husband Rob both worked as accountants for many years, a field that can require long hours at tax time.

Nine Do's and Don'ts for Dealing with the Disgruntled

Harvard Business Review

In one recent case, the chief financial officer of a small company was fired for possible expense account violations, and he was also seen as a poor strategist and weak team player. In a volatile world, anxiety and uncertainty make people a little testy. Cranky people can drag everyone else down by spreading negativity and sowing seeds of doubt just when leaders need commitment.

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Just Using Big Data Isn’t Enough Anymore

Harvard Business Review

The survey gathers perspectives from a small but influential group of executives — chief information officers, chief data officers, and senior business and technology leaders of Fortune 1000 firms. Key industry segments are heavily represented — financial services, where data is plentiful and data investments are substantial, and life sciences, where data usage is rapidly emerging.

What It Takes to Build a Startup into a Brand

Harvard Business Review

From the outset, all three men viewed themselves as serving in multiple roles: founder, custodian, brand manager, chief financial officer, recruiter, and head of consumer insights. When Howard Schultz initially proposed to buy Starbucks from its founders, the chain had three stores; he had a plan to expand to 150 stores. Today Starbucks has more than 22,000 stores and is now opening in Italy — a lifelong dream for Schultz.

Top Reasons Salespeople Lose Business

Harvard Business Review

What resources do you have to get something fixed?" —Chief Operating Officer. Every salesperson is trying to get into my office and explain how their wonderful products will save me tons of money. Very few do because most don't understand what it takes to sit across the table from me." —Chief Executive Officer. What they said didn't really apply to us." —Chief Financial Officer.

Why the South Will Lead in the Global Tilt

Harvard Business Review

As Keith Sherin, GE's chief financial officer, explained, "This is where the growth is. When news broke recently that Brazilian investment firm 3G Capital was teaming with Berkshire Hathaway to buy Heinz for $28 billion, some people noted that the deal marked a resurgence in M&A activity. Maybe so, but I see it as part of a bigger, more formidable trend that has vast implications for the future of almost every business: what I call the global tilt.

Will the Huawei Arrest Influence the U.S.-China Trade Talks?

Harvard Business

The arrest of Meng Wanzhou , chief financial officer of China’s Huawei, by Canadian police upon the request for extradition by the U.S. Paul Taylor/Getty Images. Federal Bureau of Investigation has resulted in confusion regarding U.S.-China China trade negotiations. Some believe hardline national security elements of the U.S. government ordered the extradition request in order to sabotage the trade talks or at least to disregard them in the historic tradition of U.S.

Attract and Keep A-Players with Nonfinancial Rewards

Harvard Business Review

While raises or bonuses are not unimportant, especially in this uncertain financial climate, recent CTI data shows that workers across a spectrum of ages — from Baby Boomers who have worked hard to reach the peaks of their career, to Generation X'ers struggling to satisfy professional ambitions and personal fulfillment, to Millennials who view work/life balance as their right — are looking for a remix of conventional rewards.

Hire by Auditions, Not Resumes

Harvard Business Review

For those who live in the Bay Area, they can work from the office, if they’d like. We pay a standard rate of $25 per hour, regardless of whether you’re applying to be an engineer or the chief financial officer. Automattic employs 225 people. We’re located all over the world, in 190 different cities. We have a headquarters in San Francisco and it operates similar to a co-working space.