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Effective leadership is vital in finance and is crucial in guiding organizations toward success in a rapidly changing business landscape. Finance leaders are responsible for setting the vision and strategy of an organization, as well as building and leading high-performing teams.
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So much so, that I have really come to cringe every time I hear the word efficiency. It’s not really that there is anything wrong with becoming more efficient, but what I find is that far too many executives major in the minors when it comes to efficiency. Are you efficient or effective, or do you know?
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Rather simplification makes for a more productive and efficient effort that is often more savvy than other more complex alternatives. Another benefit of simplicity is that it serves as a key driver of focus, which enables greater efficiency, productivity, and better overall performance.
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Example: “Run monthly sales report,” which can be handled more efficiently by Susan in Finance. DELEGATE - High Urgency & Low Importance Description: Urgent, but not that important tasks that need to be completed quickly. Or someone on your team. Action: Empower your team and peers by assigning tasks in this area.
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