Which CFO Personality Is Right for IT?

 
 
By Dennis McCafferty  |  Posted 01-18-2016 Email
 
 
 
 
 
 
 
 
 
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    Which CFO Personality Is Right for IT?
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    Which CFO Personality Is Right for IT?

    The personality type of CFOs can have a big influence on how resources are allocated for new tech initiatives. CIOs take note.
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    CFO Leadership Styles: Visionaries
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    CFO Leadership Styles: Visionaries

    Only 9% of CFOs are considered Visionaries, preferring to make decisions based upon experience and intuition.
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    CFO Leadership Styles: Visionaries
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    CFO Leadership Styles: Visionaries

    41% of Visionary CFOs believe their tech systems need updating, compared to 32% of other CFOs.
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    CFO Leadership Styles: Politicians
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    CFO Leadership Styles: Politicians

    27% of CFOs describe themselves as Politicians, leading cautiously with a methodical, team-based approach.
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    CFO Leadership Styles: Politicians
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    CFO Leadership Styles: Politicians

    If you seek greater investment in collaborative tech, the Politician is for you: 27% believe that collaboration is a key challenge that needs addressing, compared to 22% of all CFOs.
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    CFO Leadership Styles: Revolutionaries
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    CFO Leadership Styles: Revolutionaries

    19% are considered Revolutionaries, embracing changes in corporate culture and structures. They take a maverick approach to data, happy to source it outside of designated business systems.
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    CFO Leadership Styles: Revolutionaries
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    CFO Leadership Styles: Revolutionaries

    48% of Revolutionary CFOs say the IT support they receive is inadequate, compared to only 36% of their counterparts.
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    CFO Leadership Styles: Conductors
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    CFO Leadership Styles: Conductors

    16% view themselves as Conductors, setting tough goals for themselves and others. When it comes to tech stuff, give 'em high-level summaries instead of extensive, gritty details.
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    CFO Leadership Styles: Conductors
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    CFO Leadership Styles: Conductors

    54% of Conductor CFOs prefer to make decisions based upon "gut feelings" rather than hard data, compared to 46% of their counterparts who do.
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    CFO Leadership Styles:
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    CFO Leadership Styles: "Carers"

    19% say they're "Carers," likely to delay a decision rather than risk a mistake. Less than half of them feel they're not getting enough good information about product financial performance, while 57% of CFOs in general are satisfied with the information they receive.
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    CFO Leadership Styles:
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    CFO Leadership Styles: "Carers"

    52% of "Carer" CFOs are greatly concerned about a lack of access to accurate data, as opposed to 44% of their counterparts who share this concern.
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    CFO Leadership Styles: Traditionalists
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    CFO Leadership Styles: Traditionalists

    9% think of themselves as Traditionalists, who prefer to work with time-tested systems. They also resist getting influenced by anyone's reputation or personality.
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    CFO Leadership Styles: Traditionalists
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    CFO Leadership Styles: Traditionalists

    Status-quo runs the show here: Just 14% of Traditionalist CFOs believe their business IT systems should be updated.
 

When it comes to getting approval for IT purchases, the buck often stops with the CFO. And, in many cases, there's a specific CFO personality type that can make such decisions easier (or harder) for CIOs and their teams, according to a recent survey from Epicor Software. The findings identify six distinct personas for these financial department execs: Politicians, Revolutionaries, Conductors, Traditionalists, Visionaries and "Carers." (The last category described more so as the designated company worry-wart.) So which of these CFOs works best with CIOs who favor a more aggressive, disruptive approach to tech? That would be the Visionary, who is more likely than counterparts to seek updates for tech systems. (Unfortunately, there are relatively few CFOs who fit into this category.) As for which CFO leads his organization to the greatest success? That would be the Revolutionary, as 72% of these CFOs work for companies with increasing profits, compared to 64% of CFOs in general. More than 1,500 global CFOs and other global finance business professionals took part in the research.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

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