Strategy in the making (FD role)
Strategy in the making (FD role)
Grundy T. Accountancy, July 2007, Vol. 140 No. 1367, Start page: 54, No. of pages: 3
Purpose – To advise finance directors (FDs) on playing a more strategic role. Design/methodology/approach – Identifies the skills modern FDs need for their increasingly strategic role and suggests some ways to acquire them,e.g. a refresher course for strategic analysis skills, reading up the strategic aspects of shareholder value creation theory to link strategy to financial numbers etc. Illustrates a visual tool for generating options, the various stages of decision-making and the skills FDs need to facilitate each of them. Discusses some practical steps to help improve skills and change the FD mindset(e.g. project managing a non-financial area of strategic implementation),pointing out that strategy implementation requires skills in leadership, change management and PR management. Asserts that strategic FDs have extended career opportunities and suggests some further reading. Originality/value – Gives practical advice on becoming more strategic.ISSN: 0001-4664Reference: 36AU096
Keywords: Accountants, Directors, Skills, Strategic leadership
