Inside the Strategy Room 213. Bonus: Starting a new CFO role
Aug 8, 2024
Yuval Atsmon, the newly appointed head of McKinsey's finance function and a senior partner specializing in growth-led transformations, sheds light on the evolving role of CFOs. He discusses the challenges finance leaders face, including managing uncertainty and integrating generative AI into decision-making. Yuval emphasizes the importance of critical thinking and emotional intelligence in leadership, as well as the need for human oversight in an automated world. His insights provide a roadmap for navigating the complexities of modern finance.
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CFO Challenges
- CFOs face increasing complexity, uncertainty, and volatility, especially during tough economic times.
- They are expected to manage performance, risk, lead strategic planning, and drive cost efficiency, all while navigating talent challenges.
Evolving Finance Roles
- Finance roles require stronger critical thinking, business problem-solving skills, and emotional intelligence.
- Finance professionals must connect the dots between different aspects of the organization and lead through influence.
Balancing Strategy and Execution
- Align strategic priorities with value creation to drive effective resource allocation.
- Consider risk-return profiles and balance empowerment with accountability to deliver results.