Article by Stefan Bäuchl

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Team leadership: A key factor for CFOs and CHROs

Now more than ever, team leadership is a strategic success factor for companies. In a working world full of upheaval, growing complexity, and an increasing shortage of skilled workers, CFOs and CHROs must focus specifically on promoting team dynamics. Only teams that work together in a trusting, clearly structured, and interdisciplinary manner can ensure long-term success for the company. This article shows how you, as a finance or HR manager, can actively shape team performance, overcome silos, and promote resilient collaboration—in line with modern team leadership principles.

CONTENT

Team leadership, team dynamics, CFOs, CHROs

Team dynamics start at the top

Team dynamics do not arise automatically. They are the result of active shaping through leadership, communication, and clear framework conditions. CFOs and CHROs have a dual responsibility here – as role models and strategic enablers within the organization.

Key elements of strong team leadership:

✅ Clear roles and goals

✅ Transparent decision-making processes

✅ Binding responsibilities

This clarity is essential, especially in interdisciplinary project structures. It provides orientation and prevents inefficient coordination loops.

Trust as the foundation of team leadership

Trust is the key lever for team dynamics. A culture of psychological safety – in which feedback is allowed, mistakes are seen as learning opportunities, and managers remain approachable – has been proven to increase innovation and performance.

👉 CFOs and CHROs should actively contribute to creating such a climate: by setting an example, providing structured feedback, and developing managers with a focus on emotional intelligence.

Breaking down silos – leading across departments

Silo thinking is one of the biggest obstacles to successful team leadership. When finance, HR, and other departments operate in isolation, potential is lost. Goal-oriented, cross-departmental leadership means:

✅ Defining strategic objectives together

✅ Promoting cross-functional teams

✅ Creating communication spaces between departments

CFOs and CHROs can act as bridge builders and create targeted connections – whether through joint projects, OKRs or strategy formats.

Managers as team architects

Modern leadership means more than just delegating tasks. Managers are “team architects”: they design structures, create development opportunities, and ensure healthy team dynamics. Success factors include:

✅ A balance between challenge and support

✅ Transparent communication and consistent implementation

✅ A leadership style that combines performance and humanity

CFOs and CHROs can actively promote this – for example, through targeted training measures, coaching, or the targeted use of team goals and team KPIs.

Specific ideas for CFOs and CHROs

CFOs and CHROs have a strategic lever at their disposal: they can not only manage their own teams in a targeted manner, but also create framework conditions throughout the organization in which strong team dynamics can develop. But what does this look like in practice?

Promote cross-functional collaboration

Instead of sticking to traditional line structures, it is worth looking beyond your own department. Finance and HR managers should proactively create platforms for interdisciplinary exchange. These can be joint strategy formats, cross-departmental projects, or cross-functional steering committees. The goal is to break down silos and develop a common understanding of corporate goals. Particularly effective are tandem formats between finance and HR, in which strategic issues such as transformation, cost structures, or personnel development are addressed jointly.

Strengthen the feedback culture

Open, honest, and regular feedback is at the heart of any high-performing team culture. CFOs and CHROs should actively ensure that feedback is seen as an opportunity for development rather than criticism. This starts with them – by setting an example and being transparent – and continues in structured formats such as 360° feedback, team retrospectives, or leadership mirrors. Important: Feedback must flow in both directions – top-down, but also bottom-up. This is the only way to build genuine trust and continuous improvement.

Make team performance measurable

What is not measured is rarely actively managed. In addition to classic performance indicators such as output or project status, CFOs and CHROs should also focus on qualitative success indicators. These include, for example, the degree of psychological safety, trust within the team, the level of personal responsibility, and the willingness to innovate. These factors can be measured through employee surveys, pulse checks, or qualitative interviews. The goal is to develop a comprehensive understanding of team health and derive targeted development measures.

Empowering managers

Good team dynamics stand and fall with the quality of leadership. That's why CFOs and CHROs should not only focus on selecting the right leaders, but also invest consistently in their development. Modern leadership training, coaching, and peer learning formats help managers better understand and fulfill their role as team architects. Topics such as situational leadership, coaching mindset, conflict resolution, and hybrid collaboration should be central to these programs. After all, only those who can lead themselves can effectively lead teams.

Conclusion: Team leadership is not a soft skill – it is a competitive advantage

Those who take team leadership seriously not only promote cooperation, but also measurable business success. CFOs and CHROs who work specifically on team dynamics strengthen not only individual teams, but the entire organization. The result: higher employee retention, better performance, and greater innovative strength.

Now is the right time to think strategically about team leadership – across departments, data-driven, and human at the same time.

Modern team leadership for corporate success

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