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Leading with Innovation: Becoming a Chief Future Officer
- The role of a Chief Financial Officer has always been to use data to tell the story of your organization’s past, present, and future.
- In recent years there has been an increased emphasis on having a future-oriented mindset. Organizations recognize how important it is to be prepared for the unknown.
- To meet these expectations, you need to evolve from a Chief Financial Officer to a Chief Future Officer.
- One way to foster innovation to enhance efficiency is to have your team map out their collective “dream future process flow,” and then brainstorm ways to get there.
- Automation and technology are important, but it’s also crucial to implement thoughtfully. When planning for change, balance short- and long-term goals and have realistic expectations.
- Nonprofit CFOs need to understand and embrace the organization’s mission, programming, and culture, creating relationships with the other leaders in the organization.
- Becoming the Chief Future Officer of an organization may seem daunting, but identifying a clear roadmap for change is a great first step.
- Identify the key areas that require transformation and set measurable goals for each area. Make sure to engage stakeholders across the organization to gain insights and foster a shared vision.
- Properly utilizing existing technologies to their highest and best use can automate manual processes and alleviate some of the organization’s inefficiencies and pain points.
- Investment in technology is no longer a luxury, but a necessity.
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