Would you fly on an airplane without a pilot? What would the symphony orchestra sound like if the conductor didn’t show up? What would happen if one member of a tennis doubles team was unavailable?
In all these cases, the absence of a key person would have a material impact.
What about in business? Could a company survive without a CEO? Maybe… but after a while, the leadership vacuum will take its toll. What about a Chief Marketing Officer, a Head of R&D or a Head of Sales? Again, it will depend on the business and its stage of development.
But let’s talk finance. Finance strategy to ensure growth, stability and risk mitigation is critical, yet many businesses focus on compliance and reporting. A Chief Financial Officer (CFO) is charged with the following important roles: