Oversee and Drive Business Change
The Implementation Skills competency contains the following five skills:
Today's Newsletter will focus on Skill 2: Oversee and Drive Business Change
As we approach the end of the year and prepare for the challenges of the new one, the role of the CFO is more crucial than ever. With businesses facing economic shifts, evolving consumer expectations, and increasing pressure to innovate, CFOs have a unique opportunity to drive transformation. By leading change initiatives, CFOs can ensure their organizations remain competitive, adaptable, and resilient.
Now is the time to reflect, plan, and align strategies for the year ahead. CFOs can assess financial health and drive innovation, balancing creativity with financial discipline. Clear communication about the need for change, a solid implementation plan, and addressing resistance will be key to successful transformation.
In the coming year, your ability to lead change will shape your company’s future success, fostering growth and adaptability in a rapidly evolving business landscape.
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As we discussed earlier, managing change is challenging, especially when it comes to people’s natural resistance to it. The Kubler-Ross Change Curve outlines seven typical mindset shifts that individuals experience during a change process. These shifts highlight the emotional journey that employees go through, starting with fear and uncertainty about how the change will impact them.
It’s essential for CFOs and change leaders to recognize and address these stages to successfully drive transformation. By understanding these mindset shifts, you can create a plan to support employees at each stage, helping them navigate their emotions and secure their buy-in. This proactive approach ensures smooth transitions and the long-term success of your initiatives.
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Law and accounting sector expert | Performance improvement expert in individuals and organisations | Keynote Speaker | Consultant | Facilitator | Coach
2 个月This is spot on. Many people forget how fundamental Kubler Ross’ work is when it comes to employees transtioni h woth roles, mergers and restructures.