Going Beyond the Book 2023

Going Beyond the Book 2023 | 5 [ EXPERT’S VIEW ] Most important will be the speed with which current incumbents will change their mindsets. Unsupervised learning, self-reflection, and obtaining the right coaching andmentorshipwill become sine qua non for success in this very critical function. The right atmosphere for self-realization, appropriate challenge, and innovation will need to be created and continuously improved. Perhaps a significant amount of rotation through multiple business departments will become the next practice for developing the right CFO. Society will need to get prepared for change. The professionals will need to alter mindsets and learning, and development will need to be redefined. It is only with these multiple initiatives that the need for future CFOs will be fulfilled. Conclusion: The role of the CFO is rapidly evolving, and businesses need to start preparing for the future now. By developing a new breed of CFOs with the skills and qualities needed to succeed in the disruptive macro environment, organizations can position themselves for long-term success. Shailesh Haribhakti Shailesh Haribhakti & Associates Chairman Dun & Bradstreet