James Patrick Q. Bonus l September 8, 2023 l The Manila Times
SIMON Sinek, a renowned author, motivational speaker and organizational consultant, has brought fresh insights to the world of business and leadership through his thought-provoking literature and compelling speeches. His work centers on the profound concept of understanding the “why” behind our actions and promoting lasting success. His three best-selling books, “Start with Why,” “Infinite Game” and “Leaders Eat Last,” provide a trove of wisdom that transcends industries and disciplines, including finance.
‘Start with Why’
In “Start with Why,” Sinek emphasizes the importance of identifying and communicating the fundamental drive motivating both individuals and organizations. This principle holds weight in the realm of finance, where grasping the rationale behind financial decisions, whether in capital budgeting or project financing, can lead to more meaningful and ethical outcomes. Finance experts who weave this higher purpose into their professional endeavors find themselves better prepared to navigate challenges with integrity and create lifelong value for their stakeholders.
Infinite game
“Infinite Game” introduces the concept of viewing business as a continuous journey, highlighting the importance of adaptable strategies and collaboration. With ever-changing market dynamics and economic factors such as interest rates and foreign exchange, this perspective proves priceless in the finance sector. By embracing this infinite mindset, finance professionals can channel their efforts toward tremendous prosperity, stimulate innovation and build resilient finance strategies capable of weathering uncertainties and market fluctuations.
‘Leaders Eat Last’
“Leaders Eat Last” underscores the significance of creating a culture of trust and camaraderie within teams and organizations. This lesson resonates deeply with finance professionals, given the pivotal role trust plays in fostering harmonious work relationships and effective team dynamics. Leaders who prioritize the well-being of their teams and business partners nurture an environment characterized by mutual support, thus elevating collaboration and overall performance.
Numerous accomplished business leaders, including renowned chief executive officers, have roots in finance. While financial acumen is vital, adopting the “why” mindset, embracing the infinite game philosophy and fostering a culture of trust, chief financial officers and finance professionals can drive positive change and contribute to the holistic success of their organizations.
***James Patrick Bonus is the deputy country manager and chief finance officer of FinScore, a fintech firm providing alternative data-based consumer credit scoring and identity verification solutions for financial institutions. Visit https://ccmobile.ph/establish-your-financial-persona to learn your telco credit score for free.