3min chapter

Inside the Strategy Room cover image

158. Seven mindsets and practices for new CFOs

Inside the Strategy Room

CHAPTER

The Importance of CFOs in Strategic Decision Making

CFOs are probably the only ones or a very, part of a very small pool who can really distinguish the drivers of performance. So how much of the performance we show in our records is really the effect of skill and hard work,How much is actually just driven by industry tailwinds or some kind of accounting magic, right? Or to some extent pure luck. CFOs can take this kind of, let's say, honest view on the performance, segment that a bit and also give their board and their team actually a clear guidance on, you know, how good we have been and where we can do better. They get a lot of positive feedback and also support on their

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