The globalization and the associated development of truly global product and financial markets has led to a severe change of the corporate environment. New products and markets now evolve faster than ever, and new competitors, technologies and substitution products impose additional competition. These developments have led to an increasingly uncertain and dynamic competitive situation. This book discusses the impact of this changing environment on the role and responsibilities of the CFO. To manage the consequences of this changing environment, the CFO requires a more holistic view that integrates business and financial decisions. By mastering this new role, he becomes vital for a firm's value creation. The book details this management approaches and gives examples how this new "strategic" CFO-role be implemented

The role of the Chief Financial Officer (CFO) has substantially changed in a world characterized by globalized financial markets and truly global products. The accelerated development of new technologies, products, and markets has led to an increasingly dynamic and uncertain competitive situation. The book demonstrates and discusses the impact of this changing corporate environment on the role and responsibilities of the CFO. A more holistic view that integrates business and financial decisions is required in order to manage these challenges of globalization. The book shows how the CFO can adopt and implement this management approach and thus play a vital role in the firm's value creation.