What role do CFOs play in implementing innovation?

CFOs play a significant role in implementing innovation within a company. They are responsible for managing the financial resources required for innovation, including investment into research and development, and the acquisition of new technologies. CFOs must also identify the financial risks involved in innovation and make strategic decisions to mitigate those risks. Additionally, CFOs collaborate with other executives to ensure that innovation aligns with the company's overall strategy and goals. By providing financial oversight and support, CFOs play a critical role in enabling a culture of innovation within a company.

This mind map was published on 24 April 2023 and has been viewed 58 times.