Forget About Being a "General Manager of Finance" 5 Years ago
I ran across some interesting insights from CFO Executive Board. They talk about how CFOs are increasingly the first to be fired for poor performance, so playing a narrow "general manager of finance" role is no longer prudent.
Their analysis shows that CFOs who drive company performance structure their role and time allocation differently than those who do not. First, they spend more time with general managers as a way to influence operational decision making and act as a strategic partner to the CEO.
Second, they recognize the opportunity cost of managing more corporate center functions and reduce their span of control to increase time spent on more strategic areas. Third, they aggressively delegate non-strategic, process-based activities to free up time for decisions that impact performance.