Building Blocks of Financial Leadership
Financial leadership is composed of two major components: accurate accounting and creating organizational value. Today’s successful financial leaders direct a department that accurately records and reports the financial status and results of the organization, and they help create organizational value.
There is a major difference between simply administering the accounting department and being a key member of the management team as a strategic business partner. Managing the accounting department is a cost, while financial leadership creates organizational value and is a profit producer. There are endless opportunities for financial professionals in 2016 to play major roles in transforming visions and strategies into successful and actionable programs at every level of an organization.
Financial leadership is influence. It is not a position on the organization chart; rather it is having the courage and spirit to move the organization to levels of higher achievement. Financial leadership is developed, not discovered. The effectiveness of a person’s work will be determined by his or her ability to lead and influence others. Read more