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CFO Insights: What changes in a transformation—and why it matters to CFOs

Published on: Apr 14, 2020

CFOs increasingly find themselves in the thick of transformation efforts, whether they involve overhauling the finance function, reshaping the business model, or reimagining other functions. In the process, they are expected to elevate the performance of their organization and ensure there is strong leadership and a financial backbone to support and sustain the efforts, sometimes for years.

In finance transformations, CFOs are typically the sponsor and leader. But finance chiefs also are being asked to play a significant role in transformations that aren’t purely finance-related—as sponsor, enabler, or co-leader—especially as their companies embrace digital and business model transformation. These areas may lie outside of many CFOs’ comfort zones. But today they are expected to elevate their roles as Strategists and Catalysts to deliver more impactful change and stronger performance at the corporate level. As CFOs are asked to lead transformation, they need to consider what makes it different from everyday change, and how understanding the difference can help them lead better.

In this issue of CFO Insights, we classify critical dimensions of a business that may be impacted by transformation to help CFOs engage more systemically with those dimensions as they influence and lead transformation efforts.

This publication was released by our US firm.

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