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    Leading by the Numbers

    Access Status
    Fulltext not available
    Authors
    Hanson, Byron
    Date
    2016
    Collection
    • Curtin Research Publications
    Type
    Journal Article
    Metadata
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    Abstract

    Finance professionals sometimes have difficulty making the transition to broader leadership roles. There are five critical changes they need to navigate to succeed. A few years ago, the chief financial officer of a large company told me that he estimated that his organization had only about a 30% success rate when promoting finance people to leadership roles in or across business units. The CFO wasn’t happy with that rate; he wanted a better pipeline of executives with a finance background, because the company’s business model and strategic choices required leaders to be well versed in finance. That conversation prompted me to explore — through a combination of interviews, a survey of 35 finance professionals, and a literature review — the question of whether leadership development is different for people from finance backgrounds. In the process, I identified five critical transitions that finance professionals need to navigate when taking on a broader role in an organization.

    Citation
    Hanson, B. 2016. Leading by the Numbers. MITSloan Management Review. 57 (3).
    Source Title
    MITSloan Management Review
    URI
    http://hdl.handle.net/20.500.11937/37959
    Additional URLs
    http://sloanreview.mit.edu/
    http://sloanreview.mit.edu/article/leading-by-the-numbers/
    Department
    Curtin Graduate School of Business

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