new finance execs must move swiftly to learn the ropes, set the pace.
by rick telberg
finance executives are increasingly finding themselves in the middle of corporate decision making and responsibility. for newly appointed cfos and finance managers, success is no small feat-the first 100 days are critical.
with the pressure on, new finance managers want to make their mark early, and, according to the mckinsey quarterly survey by global management consulting firm mckinsey & company, there are some activities that should make nearly every finance executive’s short list of priorities.
one of the most critical activities during an executive’s first 100 days is the gaining of and understanding of what drives his or her company’s business, whether it be how a company makes money or its returns on invested capital. at the same time, a cfo must also consider potential ways to improve such drivers.
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