As CFOs take on a more strategic role, it is necessary for them to be agents of change within their organizations.
That pragmatic strategist mind-set may not come naturally for every finance executive, notes Ajit Kambil, Ph.D., global research director for Deloitte’s CFO Program and a director with Deloitte.
However, drawing from his experience leading the Deloitte CFO Transition Lab program worldwide, he suggests CFOs may cultivate that mind-set by asking themselves the following seven questions:
1. How does your company plan to grow: through M&A, organically (i.e., by driving new or existing products to new or existing markets), or both?
2. What are the dominant constraints that hold back your company's growth, and how might you overcome them?
3. What is the greatest uncertainty facing your company, and what can you do to resolve or navigate it?
4. What is your greatest area of spend where there is a lot of uncertainty about return?
5. Are your company's financial and growth goals ambitious enough?
6. What could disrupt your company, and what can finance do about it?
7. What would you like your company to stop doing?
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