Business Partnering Final Assessment

How many different Finance Business Partner roles are identified within this course?

What makes a good Finance Business Partner?

Someone who mainly understands the financial aspects of an organization.
Someone who mainly understands the business aspects of an organization.
Someone who understands both the financial and business aspects of an organization.

Which finance team members should contribute towards Business Partnering?

All finance team members may have an opportunity to contribute towards business partnering within their roles.
Only designated Finance Business Partners can help to partner with other departments.
Nobody from finance should get involved in business partnering

What is the most effective way to encourage firm-wide collaboration across different departments?

What is the best way to turn data into powerful insights?

There is no one “right” way to turn data into insights, so don’t be afraid to try out a range of methods.
Take a look at the data and try to describe what you see to generate an understanding of it.
Compare and contrast data to look for similarities and differences that help you analyze trends.

How can you best explain financial concepts to non-finance people?

What is design thinking?

Design thinking is a way of thinking that puts the user at the centre of the problem.
Design thinking is a way of thinking that puts the product at the centre of the problem.
Design thinking is a way of thinking that puts the business process at the centre of the problem.

What should be your typical starting point for identifying other people’s biggest challenges?

Ask them about their biggest problems during a one-to-one conversation
Share examples of common issues faced by other teams to determine which are also relevant to them
Build a trusted relationship with them and create psychological safety to help them feel relaxed around you

How should Finance Business Partners express your opinion?

What is the best technique for driving a group consensus?

Encourage open and honest communication, gather everybody's views and document the decision-making process.
Seek everybody's individual views and then decide make your own decision regarding what is the best answer for the group.
Listen to people's opinions and then go with the suggestions made by the most senior person in attendance.

Team Development 05 – Business Partnering