Epicor Study Reveals Six CFO Working Styles Driving Business Success
Epicor Software's recent study has shed light on the diverse working styles of CFOs worldwide, categorising them into six distinct groups. This revelation underscores the importance of understanding these differences to drive business success.
The research identified 'carers' who, while cautious, may miss opportunities due to data concerns. 'Politicians' prefer team-based decisions, while 'traditionalists' are comfortable within existing systems but resistant to change. 'Conductors' often rely on instinct rather than data, and 'visionaries' may gloss over details in pursuit of new propositions.
The stereotypical CFO is perceived as strict and process-driven. However, Epicor's findings show a varied landscape. CFOs are expected to provide crucial insights to the C-suite, influencing the speed, flexibility, and accuracy of business decisions. Redshift research highlights collaborative decision-making, data-driven analysis, and agile adaptability as the most common working styles globally. Notably, 'revolutionary' CFOs, charismatic risk-takers who think outside the box, are most likely to drive business growth.
Understanding these varied CFO working styles is key in today's dynamic business world. By recognising and adapting to these differences, organisations can harness the full potential of their financial leaders, ultimately driving better business decisions and growth.
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