Professional Documents
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goingbeyondthedatatranscript1668363286464_801697
goingbeyondthedatatranscript1668363286464_801697
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Dr Rob Yeung 03:21
But it's not just me that has this experience. Understand that being good only at the numbers could get
you sidelined. The Wall Street Journal recently explained why you don't need to be an accountant to be
a CFO, because, increasingly, a CFO can just be a strategic, commercial person who is good at
communicating with stakeholders. And then they can hire someone as a lower-level head of finance to
do the accounting, the risk management and compliance. So that's a danger for accountants. And
recognise that people skills are important at the highest level. This is a thought leadership piece written
by EY – Ernst & Young. They asked, how will soft skills give CFOs a sharper edge? I apologise, the
text at the bottom is a little bit small, but effectively it says that CFO candidates need to have better
people skills if they want to succeed.
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engaged, when your heart is won over as well as your head. But we'll come to some data talking about
this shortly. As I said, I did not invent this model of the 12 influencing tactics. It comes from business
school, university and employer research. And if you are interested in any of the primary research, then
you could start by looking at these three papers.
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Dr Rob Yeung 12:05
A fourth tactic is inspiring, which is appealing to a target's values and ideals with the aim of provoking
positive emotions and commitment to a proposal. We'd measure this by asking other people to what
extent you engage in these behaviours, using words and behaviour that makes a proposed activity or
change seem exciting and/or worthwhile, presenting a rousing vision of what the proposed activity or
change could achieve. Or mentioning values and ideals when referring to the proposal or request. So
this is what truly exceptional leaders do. They don't just say, 'Do this, because it will increase our
margins by 3.2% and our turnover by 82% within a four-year period.' Because that's not an exciting
thing to do. Sometimes it's using words and emotion that actually gets people to feel really engaged.
And sometimes the things that we want people to do might not have a clear cost-benefit that pays off
within a year or two. For example, the arguments about mitigating against climate change, they don't
pay off this quarter or this year. It might be about leaving a legacy for our children or our children's
children, making sure that they still have blue-green seas and oxygen and a planet that's worth living
on. Those aren't rational arguments, but really, truly inspirational leaders can make those arguments.
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over, there were genuine strengths that I could praise about them. Genuine weaknesses as well. For
example, one business owner I worked for, he could be quite aggressive in meetings, quite intimidating.
He would shout at people and say, 'This is my business, this is the way we're doing things!' But he had
some great strengths. When he was presenting to clients, he was so charismatic, so entertaining, so
able to hold a room and sell to clients. So if I wanted to flatter him, I could genuinely praise him about
the way that he presented, that he was such an engaging public speaker. Another manager that I
worked for, again, several weaknesses I could point out. But I was so grateful to him for the amount of
responsibility he gave me, the autonomy, the power to make decisions about even quite large projects
at a very young age (I was in my 20s at the time). So you can flatter people, you can praise the genuine
strengths that you see in people. You don't have to be insincere.
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Dr Rob Yeung 21:07
Sometimes these are formal rules, but then sometimes these are informal rules. For example, I worked
for an American management consultancy years ago called the Boston Consulting Group. And it was
just established, whether you were presenting something to clients or just making a suggestion to a
colleague, that you would write a PowerPoint slide deck, never a Word document. It wasn't written
down anywhere, it was just accepted practice worldwide across a consultancy, an informal rule.
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proposed activity or project might impact positively on the organisation and/or its stakeholders, the
community, the planet and so on?
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inexperienced and therefore delicate and unable to work under pressurised conditions. Even senior
individuals don't like pressure.
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Here we have the three categories and the 12 individual influencing tactics. Imagine different situations
where you might need to use different tactics. Some I've underlined and highlighted in yellow. Imagine
that we are in the oil and gas industry. There might be a lot of rules about what applies. Some legal
rules are there to make sure that we don't cause explosions and deaths, then different countries may
have different rules on emissions, for example, that we really need to pay attention to.
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Often it's not about numbers. You can't say, 'This is the value, the financial value, in dollars or euros or
yen that I have brought into the organisation.' Often you have to use other tactics to win people over.
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