For many years the industry has been talking about the evolving role of the CFO from back-office scorekeeper to strategic advisor and business partner to the enterprise. And it appears that we are making progress.
In a recent Argyle CFO survey, 55 percent of respondents said that their level of collaboration with the CEO had increased in recent years. Another 16 percent said their collaboration had increased with the CIO and 15 percent cited that their collaboration with the VP of sales / chief revenue officer had increased.
These are all good signs that companies are making progress in evolving the role of the CFO and the finance department, but there’s certainly more room for improvement. As you look to make this transition, who can the CFO look at as a positive role model in becoming a strategic advisor and business partner to the CEO and other line of business executives?
Using “Star Trek” as a Model
Well, it’s time for a true confession: I’m a “Trekkie.” OK, so I don’t wear costumes or attend conventions, but I’ve always enjoyed both the original series and “The Next Generation.” With that in mind, I can’t help but look at two key “Star Trek” characters as potential role models for being a strategic advisor and business partner. I’m talking about Mr. Spock in the original series and Lieutenant Commander Data in “The Next Generation.”
Read the full text of this article as published by Sand Hill on May 24, 2016.