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After feeling very nervous and unprepared in my role of CFO last week, I had decided to dig around the old mgmt 300 wiki in search journals written by CFO’s from previous semesters. While they weren’t the most helpful in terms of what the role entailed, I found it reassuring that at the beginning of their simulations, they too had felt the way that I was feeling. From there I figured that my next best step would be to analyse the current financial statements and to get a head start on the week’s allocated readings so that I could effectively contribute to my team’s discussions. While I was happy with the many discussions that my team and I had and our final decisions before the first roll-over, I realised that I still have a lot of work to do before ( I believe) I can help my team make the most informed financial decisions.

A concept that I found very interesting in this week’s readings is how we define leadership and fellowship, and why we are so caught up on being a leader rather than a follower.  When reading In Praise Of Followers (1988) it seemed to me that the characteristics of being an effective follower ( courageous, honest, credible, dedicated to a cause outside themselves etc) were characteristics that I thought every (good) leader should hold.  I then realised that in order to be a leader, one must first be a good follower. When I took this idea and related it back to my team and in particular my CEO I realised that I am very lucky to have a CEO who is both of these things, and then I began to think about the positive effect this had on our team dynamics and the way we communicate with one another. I believe that my team works so well because we all know when to assume the role of a leader, or of a follower and how to do so effectively. Ideas are always discussed with open minds and mutual respect is given to each member and their opinions. 

Regardless of whether one is a ‘leader’ or a ‘follower’ I think that the concept of “The window and the mirror” that is discussed by Collins (2005) is one that should be practiced by all and is one that I will definitely be applying to my current role as CFO.  

 

References
Kelley, R. E. (1988). In Praise of Followers. Harvard Business Review66(6), 142-148. 
Collins, J. C. (2005). Level 5 leadership: the triumph of humility and fierce resolveHarvard Business Review, 83(7/8), 136--146 

4 Comments

  1. A somewhat late learning journal.

  2. i was so excited to see the good start you made at following Daudelin's process of reflection when you articulated a problem (that you weren't sure what you should be doing as a CFO and wondering whether you are making the best financial decisions), you expaned on the problem well in the first paragraph and then you even started to think about what the root of the problem could be (leader and follower issues)... and I was thinking yes yes yes and then.... you didn't have that final finishing statement that would have so beautifully completed your reflection: the ACTION statement. I just wanted to hear explicitly what you plan to do to fix the problem and how it relates to what you learnt about leaders/follower. 

    How will having a great CEO help fix the problem and how does having mutual respect help you to lead the team financially? I know that you know the answers to those question but you have to explicitly spell it out for the reader, 

    good luck

  3. Hi Tayla,

    I enjoyed reading your learning journal and thought it was interesting. Firstly (like previously said) I thought your learning journal made a very good start and clearly identified the structure and principles set out in Daudelin's process for reflection. Firstly your stated the problem you were facing, and I can relate to this as I was in a very similar situation about my role and what was expected from me. From there you discussed the problem and conveyed you have thought deeply of the topic and even shortly mentioned of how you might fix the problem by analyzing the financial statements and doing the weeks readings, but it would have been more effective to provide an action statement that clearly articulates how you plan to solve the problem.

    In saying that, I thought the journal was well written and interesting that followed a process exemplifying many of the principles outlined by Daudelin and incorporated the weeks readings effectively in the reflection.

    Good luck for the rest of the semester (smile)

    1. Thank you for your feedback on how i can improve my journal- it is much appreciated!