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29 November 2012 Enterprising Investor Blog

Soft Skills for Finance: The Power of Influence

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What does the word "influence" mean to you? Does it imply getting what you want? Convincing someone to change their mind? Do you need positional power or a title and direct reports in order to have influence?

Businesses are increasingly moving towards flat and/or matrix organizational structures and valuing and encouraging collaboration and interdependencies across work groups. The ability to influence in all directions and across all types of relationships is likewise becoming increasingly important. In this brave new world, influence doesn't simply mean achieving a specific outcome you desire but rather collaborating effectively with and leading others collectively towards commitment, outcomes, and change.

Here are some great reads and resources on influence and influential leadership to help you navigate this important topic, define your personal style, and build your skills:

For more news and trends, visit the Leadership, Management, and Communication Skills Community of Practice.


Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.