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9 Interesting Things At #MakeYourFuture
#MakeYourFuture was one of our endeavours to offer a peek to
CAs, budding CAs and aspiring CAs into the job market. It helped
them understand opportunities and challenges in making career and
taking a shift. These quick snippets will give you an idea on what
happened there. 1: Mr. P B Balaji, CFO, Hindustan Unilever Limited
pours down his learnings from the tenure he spent with the consumer
giant.
Finance must figure out how to make a sustainable business. This
can be done by following 4 steps: Protecting Value, Liberating
value, Generating Value and Communicating value. Finance is
universally applied across sectors and industries, you learn it and
apply it and then generate a value.
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2: Listeners couldnt agree more. They took notes and collected
all the wisdom being passed on by the industry bigwigs.
3: Mr. Vikas Chadha, CFO, Berggruen Hotels; Mr. Arjun Anekeri,
AVP, Multiple Private Equity and Mr. Kapil Krishnan, CFO,
Manappuram Finance shared their thoughts on Getting Future
Ready
Finance professionals need to bring in an entrepreneurial
approach in fields they are working in. CAs typically focuses only
on their core but for bigger roles, one needs to develop broad
outlook to justify a leadership position. It is important for CAs
to understand how an industry functions and business are run, to be
able to become a successful CFO. The three panelists concluded the
same message. 4: Do good accountants necessarily become good CFOs,
too?
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Ms. Sonal Shrivastava, CFO, Lafarge, Mr. Anand Bhadkamkar, CFO,
South Asia Dentsu Aegis Network and Mr. Venkatesh Srinivasan, MD,
Everstone Capital Advisors, all of them belonging to different
sectors and educational background, spoke their mind out. Each
panelist had wise opinions to share with the audience. Together
they inferred that accountants and non-accountants both can become
CFOs. Chartered accountancy as a qualification teaches mostly about
compliances, audits and processes but CFOs is a different ball game
all together. They are required to be good communicators, dealing
with people in a high involvement profile. It certainly needs more
soft skills that an accountant has. 5: 40 is the new 60, make the
right moves now! said Mr. C.K Guruprasad, Prinicipal, Heidrick
& Struggles
To a thunderous applause, he walked onto the podium to offer
unusual insights on who (CA or non-CA) does the industry prefer to
hire? Industry has a notion that CAs make single dimensional CFOs.
They look at a business from a very finance dimension and not
multi-dimension. CFOs need to be more aligned to
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business goals with sharper business acumen. He then went on to
take questions from the audience. 6: Wondering if you should be in
the industry or practice? See what Mr. Sudhir Soni, National
Director, Ernst & Young & Mr. Sushrut Chitale, Partner, MM
Chitale & Co has to say about it. It is all about making the
right choice and career move, be it the profession practice or
industry practice. Western India Regional Council currently has
85000 CAs of which 56% are in industry practices. Some interesting
numbers were thrown in to offer insights on CAs in professional
practice vis--vis industry. 7: Panel discussion at #MakeYourFuture
with Mr. Kattayil Rajinish Menon, Director, Start Ups Microsoft
Ventures and Mr. Nainesh Sanghvi, Founder Director, FACT Recruiters
on Being your own boss. What is it that stops CAs from thinking out
of the box like their engineering counterparts who venture into
entrepreneurship directly after passing out from their colleges?
Interesting approaches were shared that can help CAs tread the path
of entrepreneurship. 8: While eminent speakers and panelists spoke
and shared ideas, participatory audience made sure that their
questions did not go unanswered.
9: Can a CFO become a CEO? Yes, says Mr. V Shankar, CEO,
Rallis.
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CFO to CEO is not difficult. Both are leadership positions just
that a CFO is a visionary and needs a lot more effort to keep all
stakeholders closely knit, which is a skill that a CFO needs to get
equipped with. Missed attending the event and need to know
everything that happened there? Watch the entire series on our
YouTube channel.
http://bit.ly/MakeYourFuture_http://bit.ly/MakeYourFuture_
Read the full article here: http://mycfo.in/blog/?p=691#more-691
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