The Ledger
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Tag Archives: CEO
Productive Relationships are Key to CFO Success
July 3, 2020
With business disruptions mounting and the COVID-19 crisis continuing to impact companies, CFOs should hone their leadership skills in three areas. According to a recent publication from The Wharton School of Business – “As leadership advisors to C-suite executives, boards, and investors, we have found that successful leaders do three things well: They have the right Priorities, the right people (Who), and the right Relationships to achieve results.” The study identifies which two CFOs tend to do well, and which one falls short.
How CEOs Can Lead a Data-Driven Culture
March 23, 2020
“In companies with strong data cultures, important decisions are informed by data and analytics and executives act on analytically derived insights rather than intuition or experience. While digital-native companies like Amazon and Alibaba have strong digital cultures, many traditional companies are struggling to make progress. That’s mostly because few undertake initiatives directly aimed at achieving the desired culture change.”
Effective Cost Transformation Requires Buy-In From the C-Suite
June 5, 2019
Cost management is no longer simply a way for companies to improve margins and save money. Finance leaders are now using cost reduction as a powerful lever for digital transformation and to gain better insight into their business. Often times, CEOs delegate responsibility for cost reduction efforts to other leaders within the business. This hands-off approach could be costing their company a lot more money and strategic opportunities than they realize because CEOs have the clout and broad organizational reach to break down a lot of barriers that often hinder successful cost reduction efforts. By bringing a more strategic perspective to cost management, and directly encouraging teams to think bigger, CEOs can enable breakthroughs that are more impactful, such as re-configuring the business or changing the operating model. These strategic cost management approaches offer potential savings that are much larger − and much more sustainable.
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