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Why culture and strategy are the key to future CFO and Finance success

By Andy Burrows

I do quite like that saying (originated by Peter Drucker), “culture eats strategy for breakfast!” I’m not quite sure what it means exactly... but it conjures images of tasty eggs, bacon, sausages, and maybe a couple of slices of toast, so it makes me smile!

But what of culture and/or strategy in the Finance function?

I’m going to argue in this article that Finance is increasingly under pressure to change. Or, more positively, we’re presented with an opportunity we should be reaching for more confidently than we are.

And that’s the opportunity to be involved in business decisions, the opportunity to drive business performance through helping to improve performance management.

The irony is that it’s the CFO who often stands in the way of the Finance fulfilling its potential to help the business and create value. And that’s because the CFO often has cultural blind spots and strategic blind spots.

The drivers of change in...

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