In our previous article, we looked at what business and finance could learn from an F-16 Fighting Falcon. With the future business climate uncertain, and many businesses searching for financial stability, we are looking for a way to respond to these challenges in an agile way, being adaptable to changing conditions. What we demonstrated in our previous article was that using the F-16 Fighting Falcon as an example, with its adaptability, agility, and resilience we can actively respond to the challenges we face.
Stepping into a role which requires business finance knowledge? Here is a short guide offering advice, tools, and expertise that you will need to equip yourself with to be successful. Check out our Diploma in Business Finance for more.
FINC 340 InvestmentsHow to Create an Investment StrategyThe .docxvoversbyobersby
FINC 340 Investments
How to Create an Investment Strategy
The creation of an Investment Policy Statement (IPS) is the most important step to take in creating a disciplined investment plan. Unfortunately, many plans fail to adjust return expectations to current market conditions. Today, large public pension plans are still forecasting return expectations at 7.5 percent.
Ultimately, if you lower return expectations; state and corporate pensions are required to make larger contributions. Furthermore, even those return expectations seem aggressive in such a low yielding market.
Currently we are in a market where the 10-year U.S. Treasury yields approximately 1.65 percent, the 10-year single A corporate composite yields approximately 2.79 percent, and the equity market has tepid expectations given weak growth prospects, low consumer and CEO (business) confidence and a great deal of uncertainty in 2013.
Thus, whether you are a large corporation forecasting pension needs or an individual planning for retirement, an IPS creates a blueprint or a framework for your investment strategy. It must be the first step taken in order to find suitable investments toward meeting stated investment objectives and should be revised at least annually and updated in response to market conditions.
A primary step in creating an IPS is understanding its overall functionality. First, every IPS consists of both objectives/goals and constraints of investors. Investment objectives must always be looked at in terms of both risk and return. Though it does not get sufficient attention, it is the basics of investing that is critical for every investor to understand.
Risk
Risk tolerance should always be assessed first in order to identify which risks investors are willing to assume. Risk tolerance is a function of an investor's psychological makeup and personal factors such as wealth, age, income and cash reserve. Lastly, risk is directly related to an investor's time horizon, the ability to assume risk and the investor's ability to recover from any temporary investment shortfalls.
Return objectives
Return objectives should always be stated in terms of how an investor will accomplish their stated goals. These return objectives include capital preservation, current income, capital appreciation, and total return. The goal of capital preservation is to prevent loss of an investment's value and produce a return at least equal to inflation, typically a goal for those who need funds in the near future.
A current income goal will have a steady stream of income from interest and dividends. This goal's primary focus is to supplement income to meet planned spending needs. Capital appreciation is the goal to find investments with the intent of having an initial investment increase over time, typically a goal for retirement or for needing the funds in the future. Lastly, total return is a combination of both current income and capital appreciation, an appropriate objective for an investor ...
Business Metrics and Web Marketing
What is "business metrics"? Type of metrics in business and aviation examples.
How to distinguish traditional and dynamic metrics?
What is Ad Words
What is Acquisition Cost
What is Bounce Rate?
Most Importantly what is "Conversion Rate"?
MyCFO offers IPO Support, Small time entrepreneurs or grand scale businesses ...MyCFO Services
Are you a first generation entrepreneur wanting to professionalize the financial systems of your start up? Or a family business wishing to scale up to the next level? Perhaps you represent an overseas company making an
entry into India and looking for experts to navigate the Indian statutory labyrinth. Don’t worry! My CFO is here.
Stepping into a role which requires business finance knowledge? Here is a short guide offering advice, tools, and expertise that you will need to equip yourself with to be successful. Check out our Diploma in Business Finance for more.
FINC 340 InvestmentsHow to Create an Investment StrategyThe .docxvoversbyobersby
FINC 340 Investments
How to Create an Investment Strategy
The creation of an Investment Policy Statement (IPS) is the most important step to take in creating a disciplined investment plan. Unfortunately, many plans fail to adjust return expectations to current market conditions. Today, large public pension plans are still forecasting return expectations at 7.5 percent.
Ultimately, if you lower return expectations; state and corporate pensions are required to make larger contributions. Furthermore, even those return expectations seem aggressive in such a low yielding market.
Currently we are in a market where the 10-year U.S. Treasury yields approximately 1.65 percent, the 10-year single A corporate composite yields approximately 2.79 percent, and the equity market has tepid expectations given weak growth prospects, low consumer and CEO (business) confidence and a great deal of uncertainty in 2013.
Thus, whether you are a large corporation forecasting pension needs or an individual planning for retirement, an IPS creates a blueprint or a framework for your investment strategy. It must be the first step taken in order to find suitable investments toward meeting stated investment objectives and should be revised at least annually and updated in response to market conditions.
A primary step in creating an IPS is understanding its overall functionality. First, every IPS consists of both objectives/goals and constraints of investors. Investment objectives must always be looked at in terms of both risk and return. Though it does not get sufficient attention, it is the basics of investing that is critical for every investor to understand.
Risk
Risk tolerance should always be assessed first in order to identify which risks investors are willing to assume. Risk tolerance is a function of an investor's psychological makeup and personal factors such as wealth, age, income and cash reserve. Lastly, risk is directly related to an investor's time horizon, the ability to assume risk and the investor's ability to recover from any temporary investment shortfalls.
Return objectives
Return objectives should always be stated in terms of how an investor will accomplish their stated goals. These return objectives include capital preservation, current income, capital appreciation, and total return. The goal of capital preservation is to prevent loss of an investment's value and produce a return at least equal to inflation, typically a goal for those who need funds in the near future.
A current income goal will have a steady stream of income from interest and dividends. This goal's primary focus is to supplement income to meet planned spending needs. Capital appreciation is the goal to find investments with the intent of having an initial investment increase over time, typically a goal for retirement or for needing the funds in the future. Lastly, total return is a combination of both current income and capital appreciation, an appropriate objective for an investor ...
Business Metrics and Web Marketing
What is "business metrics"? Type of metrics in business and aviation examples.
How to distinguish traditional and dynamic metrics?
What is Ad Words
What is Acquisition Cost
What is Bounce Rate?
Most Importantly what is "Conversion Rate"?
MyCFO offers IPO Support, Small time entrepreneurs or grand scale businesses ...MyCFO Services
Are you a first generation entrepreneur wanting to professionalize the financial systems of your start up? Or a family business wishing to scale up to the next level? Perhaps you represent an overseas company making an
entry into India and looking for experts to navigate the Indian statutory labyrinth. Don’t worry! My CFO is here.
Perpetuity Advisory - AltQuest Group - Perpetuity ScienceMichael Herlache
We help clients build, manage, and exit perpetuities—supported by proprietary perpetuity building, management, and exit methodology known as Perpetuity Science—that help the CEO/owner to realize the vision for the corporation.
To build a perpetuity and then a growing perpetuity, companies must finely calibrate their current mix of assets, capabilities, and processes. We combine expertise in perpetuity building, perpetuity management, and M&A to strengthen companies and build sustainable value. Our rigorous Perpetuity Science methodology and proprietary tools help our clients plan and execute moves to maximize valuation as characterized by an increase in EBITDA, the EBITDA multiple, and a decrease in the discount rate (cost of capital).
In virtually every decision they make, executives today consider som.pdfaswrd
In virtually every decision they make, executives today consider some kind of forecast. Sound
predictions of demands and trends are no longer luxury items, but a necessity, if managers are to
cope with seasonality, sudden changes in demand levels, price-cutting maneuvers of the
competition, strikes, and large swings of the economy. Forecasting can help them deal with these
troubles; but it can help them more, the more they know about the general principles of
forecasting, what it can and cannot do for them currently, and which techniques are suited to
their needs of the moment. Here the authors try to explain the potential of forecasting to
managers, focusing special attention on sales forecasting for products of Corning Glass Works as
these have matured through the product life cycle. Also included is a rundown of forecasting
techniques.
Strategic planning focuses largely on managing interaction with environmental forces, which
include competitors, government, suppliers, customers, various interest groups and other factors
that affect your business and its prospects. Your ability as a small business owner-manager to
deal with these groups will vary widely depending on the group and on the timing. Also, you
may be able to get more of what you want from a supplier than from a competitor (although size,
distance, the percentage of the supplier\'s business you represent and your record of
dependability as a customer can affect this relationship). How you manage these and other
relationships is one of the decisions you will make during the strategic planning process.
Because of major changes in the business environment, your familiarity with strategic planning
and your ability to implement it is critical. At one time, business owner-managers assessed the
environment on a continuum that ran between very stable and very unstable. Businesses, such as
the producers of automobiles, furniture and other consumer goods, operated in a relatively stable
and predictable world. This also was true of many service firms, such as banks and savings and
loans. Typically, the environment included competition that was limited to a stable group of
competitors, loyal customers and a relatively slow transfer of information. Many small
businesses could thrive in this environment. Other small investors entered fields such as
xerography, computers and computer component production, software design and chemical
research. Some of these grew rapidly, becoming names with which we all are familiar: Xerox,
IBM, Apple and Microsoft. But many more failed.
Today, experts agree that more businesses face an unstable business environment. Improvements
in information processing and telecommunications have made major changes in most industries.
Along with this, improvements in transportation and the growth of foreign economies
(specifically in Europe and Asia) have created a global marketplace and redefined certain
industries. In addition, as consumers are exposed to more choices, loy.
Smart Performance, Communication Skills Yield Better Results for CFOsMyCFO Services
In recent years, CFOs have assumed increasingly complex, strategic roles focused on driving value creation across the business. Growing shareholder expectations and activism, more intense M&A, mounting regulatory scrutiny over corporate conduct and evolving expectations from the finance function have put CFOs in the middle of corporate decisions.
FOR MORE CLASSES VISIT
www.acc291genius.com
ACC 291 is a online tutorial store we provides ACC 291 Entire Course And Final Guide You can find here.
Current assets
When it comes to a company's classified balance sheets you will find current assets sheet. Current assets is cash or cash equilivants that the company will use. What you will find on a current asset sheet is Cash and equilvants, Short term investments, Accounts receivables, and other assets.
Effective Use of Technology to Drive SME Value CreationJagan Ramaswami
As a practicing management consultant and an engineer I enjoy technology, corporate strategy and anything thats to do with scaling and development of enterprises. An evangelist for digital transformation I strongly believe that in today's environment of continuous disruption, being agile and data-driven is the way for SMEs to sustain and grow.
To be a truly effective chief financial officer, you have to learn to be the champion of strategic discipline. Interviews with leading CFOs at Caterpillar, Philips, Sainsbury's, Verizon, and Wells Fargo bring five traits of the strategic CFO to light: value chain insight, business driver leverage, attention to talent, cultural engagement, and integrity and interpersonal skills.
Interview with: Dori Abendschein, SVP, Chief Financial Officer, Essilor of America. Abendschein is the Chairperson at the marcus evans CFO Summit XXXIII Fall 2017, in Irving, Texas, October 8-10.
The main ideology behind the conception of ERM is to help companie.docxoreo10
The main ideology behind the conception of ERM is to help companies proactively identify, analyze and manage risks and events that have the capability of impacting the business. Developing a collaborative response is crucial is possible when early identification of risk is achieved. Changes in the business environment require sound judgment in anticipating both the consequences of the particular event and the potential likelihood.
The research conducted illustrates that the difficulty is intensified because the company should be innovative and adaptive, a feature that lacks in many corporations. Following the implementation in different companies, the primary challenge posed is locating the respective area in the company where its potentiality is more enhanced. The transition has been implemented from the traditional leadership function to the various levels of operation.
One of the crucial insights obtained from the interaction with companies adopting the ERM system indicates that the change is effective especially if used in a suitable context. The funds in implementing the system may pose a challenge, however, in such a situation, a counter project can be carried out in regards to the nature of the company. So, upon implementation, the ERM program progresses from its initial establishment to a sophisticated program with prolonged use.
ERM is regarded as a complete approach and as a result, leaders can trust the program as a comprehensive approach to risk management. The plan is meant to scratch through a broad range of operational threats in the internal and external environment of the company that could impact its short term and long-term success. In conclusion, the general conclusion is right; it is true to say that ERM has enabled the provision that is crucial in fulfilling and excelling in leadership mandate.
Companies:
1- Oula fuel marketing co
2- Kuwait resort company
http://www.boursakuwait.com.kw/Stock/Financials.aspx?Stk=651&S=INC
ACT553 – FINANCIAL ACOUNTING II
FALL 2016
1. Revenue Recognition
Revenue is the largest item on the income statement and we must assess it on a quantitative and qualitative basis.
_Use horizontal analysis to identify any time trends
_Compare the horizontal analyses of the companies.
_Consider the current economic environment and the company`s competitive landscape. Given that they operate in the same industry, you may expect similar revenue trends.
_Read the management’s discussion and analysis (MD&A) section of the annual reports to learn how the companies’ senior managers explain revenue levels and changes.
2. R&D Activities
Do the companies engage in substantial R&D activities?
_Determine the amount of the expense on the income statement. You may need to look in the footnotes or the MD&A for this information. Is the common-sized amount changing over time? What pattern is detected?
_Read the footnotes and assess the company’s R&D pipeline. What are the major outcomes ...
Fin 571 genius perfect education fin571genius.comstudent1256789
FOR MORE CLASSES VISIT
www.fin571genius.com
1.A proxy fight occurs when: the board of directors disagree on the members of the management team. 2. A stakeholder is any person or entity: 3.Which one of the following is least apt to help convince managers to work in the best interest of the stockholders? threat of a proxy fight pay raises based on length of service implementation of a stock option plan 4.Financial managers primarily create firm value by: maximizing current sales. investing in assets that generate cash in excess of their cost. 5.First City
How A Company's CFO Can Make Or Break Your Investment In ItMyCFO Services
In recent years, CFOs have assumed increasingly complex, strategic roles focused on driving value creation across the business. Growing shareholder expectations and activism, more intense M&A, mounting regulatory scrutiny over corporate conduct and evolving expectations from the finance function have put CFOs in the middle of corporate decisions.
Channel management is complex, presenting many challenges. A structured channel program with close program alignment will help you address those challenges.
Why ERP can mean big insights for small businessesVicky Bradford
Whatever business you’re in, there’s nothing quite like a three-letter techy acronym to strike fear into your and make you start counting the days till the weekend... or retirement.
Work life balance have you got yours in checkVicky Bradford
At the start of Stress Awareness Month, Rebecca Kelly, friend of Cognition24 and owner of Haelan Therapy, discusses work-life balance and the importance of taking time out for yourself.
More Related Content
Similar to Financial stability flying your own F 16 fighting falcon
Perpetuity Advisory - AltQuest Group - Perpetuity ScienceMichael Herlache
We help clients build, manage, and exit perpetuities—supported by proprietary perpetuity building, management, and exit methodology known as Perpetuity Science—that help the CEO/owner to realize the vision for the corporation.
To build a perpetuity and then a growing perpetuity, companies must finely calibrate their current mix of assets, capabilities, and processes. We combine expertise in perpetuity building, perpetuity management, and M&A to strengthen companies and build sustainable value. Our rigorous Perpetuity Science methodology and proprietary tools help our clients plan and execute moves to maximize valuation as characterized by an increase in EBITDA, the EBITDA multiple, and a decrease in the discount rate (cost of capital).
In virtually every decision they make, executives today consider som.pdfaswrd
In virtually every decision they make, executives today consider some kind of forecast. Sound
predictions of demands and trends are no longer luxury items, but a necessity, if managers are to
cope with seasonality, sudden changes in demand levels, price-cutting maneuvers of the
competition, strikes, and large swings of the economy. Forecasting can help them deal with these
troubles; but it can help them more, the more they know about the general principles of
forecasting, what it can and cannot do for them currently, and which techniques are suited to
their needs of the moment. Here the authors try to explain the potential of forecasting to
managers, focusing special attention on sales forecasting for products of Corning Glass Works as
these have matured through the product life cycle. Also included is a rundown of forecasting
techniques.
Strategic planning focuses largely on managing interaction with environmental forces, which
include competitors, government, suppliers, customers, various interest groups and other factors
that affect your business and its prospects. Your ability as a small business owner-manager to
deal with these groups will vary widely depending on the group and on the timing. Also, you
may be able to get more of what you want from a supplier than from a competitor (although size,
distance, the percentage of the supplier\'s business you represent and your record of
dependability as a customer can affect this relationship). How you manage these and other
relationships is one of the decisions you will make during the strategic planning process.
Because of major changes in the business environment, your familiarity with strategic planning
and your ability to implement it is critical. At one time, business owner-managers assessed the
environment on a continuum that ran between very stable and very unstable. Businesses, such as
the producers of automobiles, furniture and other consumer goods, operated in a relatively stable
and predictable world. This also was true of many service firms, such as banks and savings and
loans. Typically, the environment included competition that was limited to a stable group of
competitors, loyal customers and a relatively slow transfer of information. Many small
businesses could thrive in this environment. Other small investors entered fields such as
xerography, computers and computer component production, software design and chemical
research. Some of these grew rapidly, becoming names with which we all are familiar: Xerox,
IBM, Apple and Microsoft. But many more failed.
Today, experts agree that more businesses face an unstable business environment. Improvements
in information processing and telecommunications have made major changes in most industries.
Along with this, improvements in transportation and the growth of foreign economies
(specifically in Europe and Asia) have created a global marketplace and redefined certain
industries. In addition, as consumers are exposed to more choices, loy.
Smart Performance, Communication Skills Yield Better Results for CFOsMyCFO Services
In recent years, CFOs have assumed increasingly complex, strategic roles focused on driving value creation across the business. Growing shareholder expectations and activism, more intense M&A, mounting regulatory scrutiny over corporate conduct and evolving expectations from the finance function have put CFOs in the middle of corporate decisions.
FOR MORE CLASSES VISIT
www.acc291genius.com
ACC 291 is a online tutorial store we provides ACC 291 Entire Course And Final Guide You can find here.
Current assets
When it comes to a company's classified balance sheets you will find current assets sheet. Current assets is cash or cash equilivants that the company will use. What you will find on a current asset sheet is Cash and equilvants, Short term investments, Accounts receivables, and other assets.
Effective Use of Technology to Drive SME Value CreationJagan Ramaswami
As a practicing management consultant and an engineer I enjoy technology, corporate strategy and anything thats to do with scaling and development of enterprises. An evangelist for digital transformation I strongly believe that in today's environment of continuous disruption, being agile and data-driven is the way for SMEs to sustain and grow.
To be a truly effective chief financial officer, you have to learn to be the champion of strategic discipline. Interviews with leading CFOs at Caterpillar, Philips, Sainsbury's, Verizon, and Wells Fargo bring five traits of the strategic CFO to light: value chain insight, business driver leverage, attention to talent, cultural engagement, and integrity and interpersonal skills.
Interview with: Dori Abendschein, SVP, Chief Financial Officer, Essilor of America. Abendschein is the Chairperson at the marcus evans CFO Summit XXXIII Fall 2017, in Irving, Texas, October 8-10.
The main ideology behind the conception of ERM is to help companie.docxoreo10
The main ideology behind the conception of ERM is to help companies proactively identify, analyze and manage risks and events that have the capability of impacting the business. Developing a collaborative response is crucial is possible when early identification of risk is achieved. Changes in the business environment require sound judgment in anticipating both the consequences of the particular event and the potential likelihood.
The research conducted illustrates that the difficulty is intensified because the company should be innovative and adaptive, a feature that lacks in many corporations. Following the implementation in different companies, the primary challenge posed is locating the respective area in the company where its potentiality is more enhanced. The transition has been implemented from the traditional leadership function to the various levels of operation.
One of the crucial insights obtained from the interaction with companies adopting the ERM system indicates that the change is effective especially if used in a suitable context. The funds in implementing the system may pose a challenge, however, in such a situation, a counter project can be carried out in regards to the nature of the company. So, upon implementation, the ERM program progresses from its initial establishment to a sophisticated program with prolonged use.
ERM is regarded as a complete approach and as a result, leaders can trust the program as a comprehensive approach to risk management. The plan is meant to scratch through a broad range of operational threats in the internal and external environment of the company that could impact its short term and long-term success. In conclusion, the general conclusion is right; it is true to say that ERM has enabled the provision that is crucial in fulfilling and excelling in leadership mandate.
Companies:
1- Oula fuel marketing co
2- Kuwait resort company
http://www.boursakuwait.com.kw/Stock/Financials.aspx?Stk=651&S=INC
ACT553 – FINANCIAL ACOUNTING II
FALL 2016
1. Revenue Recognition
Revenue is the largest item on the income statement and we must assess it on a quantitative and qualitative basis.
_Use horizontal analysis to identify any time trends
_Compare the horizontal analyses of the companies.
_Consider the current economic environment and the company`s competitive landscape. Given that they operate in the same industry, you may expect similar revenue trends.
_Read the management’s discussion and analysis (MD&A) section of the annual reports to learn how the companies’ senior managers explain revenue levels and changes.
2. R&D Activities
Do the companies engage in substantial R&D activities?
_Determine the amount of the expense on the income statement. You may need to look in the footnotes or the MD&A for this information. Is the common-sized amount changing over time? What pattern is detected?
_Read the footnotes and assess the company’s R&D pipeline. What are the major outcomes ...
Fin 571 genius perfect education fin571genius.comstudent1256789
FOR MORE CLASSES VISIT
www.fin571genius.com
1.A proxy fight occurs when: the board of directors disagree on the members of the management team. 2. A stakeholder is any person or entity: 3.Which one of the following is least apt to help convince managers to work in the best interest of the stockholders? threat of a proxy fight pay raises based on length of service implementation of a stock option plan 4.Financial managers primarily create firm value by: maximizing current sales. investing in assets that generate cash in excess of their cost. 5.First City
How A Company's CFO Can Make Or Break Your Investment In ItMyCFO Services
In recent years, CFOs have assumed increasingly complex, strategic roles focused on driving value creation across the business. Growing shareholder expectations and activism, more intense M&A, mounting regulatory scrutiny over corporate conduct and evolving expectations from the finance function have put CFOs in the middle of corporate decisions.
Channel management is complex, presenting many challenges. A structured channel program with close program alignment will help you address those challenges.
Similar to Financial stability flying your own F 16 fighting falcon (20)
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Whatever business you’re in, there’s nothing quite like a three-letter techy acronym to strike fear into your and make you start counting the days till the weekend... or retirement.
Work life balance have you got yours in checkVicky Bradford
At the start of Stress Awareness Month, Rebecca Kelly, friend of Cognition24 and owner of Haelan Therapy, discusses work-life balance and the importance of taking time out for yourself.
Why empathy needs to be at the heart of every change management strategyVicky Bradford
When your organisation decides on a system upgrade or digital transformation, you’re asking people to make a big leap of faith as, inevitably, you’ll be forcing them to do away with many of their old, familiar work routines and imposing new workflows on them. A bit of empathy can go a long way to helping people come to terms with the change.
Of all the current technology buzzwords and expressions being made popular by IT sales people (cloud, artificial intelligence, internet of things… and so on) ‘big’ data is the one that often comes over as the most intimidating for smaller businesses.
I’ve seen many hideous sights since I’ve been working in consultancy. Office parties are often the most upsetting. Or possibly the mornings after the office parties. (Who knew anyone could do so much damage with a stapler?) But the worst – so bad, in fact, that I even hesitate to commit it to writing – and the ones you definitely shouldn’t tell your children about, are the businesses hooked on spreadsheets. It’s truly horrendous. And, believe me, there are way too many of them out there.
5 ways the insurance firms of the future will winVicky Bradford
A wide range of external forces are rapidly transforming the world of insurance, be that new technology, heightened customer expectations or changing regulation and compliance rules. You might not be able to control these, but you can control how you respond to them – and the decisions you make in the face of these changes will be critical. So here are some of the key challenges you need to tackle head-on if you’re planning to stay ahead of the game...
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When British Airways hit the headlines for all the wrong reasons this week, thanks to news of an impending £183 million fine for last year’s massive data breach, it showed in several ways why it’s more important than ever to take good care of your data.
Is your business still drowning in spreadsheets?Vicky Bradford
I’ve seen many hideous sights since I’ve been working in consultancy. But the worst – so bad, in fact, that I even hesitate to commit it to writing, are the businesses drowning in spreadsheets. And, believe me, there are way too many of them out there.
Leadership for change why you need this and change managementVicky Bradford
Andy Nellis, Managing Director, interviews Chris Lever, co-founder of Teleios Consulting, a groundbreaking change leadership consultancy and partner of Cognition24.
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Cognition24 are delighted to announce their strategic partnership with FinancialForce. Built on the Salesforce Platform, FinancialForce automatically gives you and your team a complete, customer-centric view of your business. Financial Force aligns your sales, services, and finance teams around a single customer record.
Our customers nearly always come to us with a business or organisational need that isn’t neatly defined or packaged. In fact, sometimes the explanation of the challenge is just plain messy. Our job is to work in partnership with them to define and understand the underlying issue and then design solutions that are targeted and produce measurable results.
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As the insurance industry undergoes a period of dramatic change, how are successful businesses dealing with the biggest disruptors and readying themselves for the future? Here, five insiders share their views.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
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It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
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Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Financial stability flying your own F 16 fighting falcon
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Financial Stability: Flying your own F-16 Fighting Falcon
In our previous article, we looked at what business and finance could learn from an F-16
Fighting Falcon. With the future business climate uncertain, and many businesses searching for
financial stability, we are looking for a way to respond to these challenges in an agile way,
being adaptable to changing conditions. What we demonstrated in our previous article was
that using the F-16 Fighting Falcon as an example, with its adaptability, agility, and resilience
we can actively respond to the challenges we face.
Despite these challenges, we are looking for positive outcomes. What outcomes are we
looking for?
• Clarity and awareness, of where we are today, where we want to get to, and all that can
affect us from the environment.
• Resilience, there is a need to build strength and flexibility into our business, and the
systems and resources that run it.
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• Enduring value, our frameworks and foundations protect the current value and can
create ongoing future value, meeting stakeholder expectations.
These outcomes are not solely the responsibility of finance, they are business outcomes where
working together with our senior executive colleagues, as well as our finance teams is
crucial. By operating as “one team” we can achieve these.
In this article we will be sharing more of our learning from the F-16 Fighting Falcon, going
under the hood, looking more closely at its strengths and their relation to some specific
business challenges we face. Firstly, we begin again by enabling ourselves to fly level.
What do we mean by Flying Level?
In the context of the F-16, flying level enables stability, an ability to focus on its objectives and
respond to any changes in conditions it may experience. Within our businesses, we want to
create as stable an environment as possible. This does not mean being rigid and unchanging,
it means being adaptable to changing conditions. Making the changes necessary as conditions
around the business change.
An example of this can be seen in cash flow. When there are changes in the volume of cash
that comes into the business, we adapt and change to ensure that the level of cash that leaves
the business changes too. By responding this way, we protect the value we have created and
turn our attention to creating future value.
How then, using our knowledge of an F-16, can we create stability when there is uncertainty
all around us?
Creating a stable and self-righting mechanism
This would mean knowing the variability in the business, being able to measure its size and
impact, and having the mechanisms in place to absorb the impact. Examples being cash
covers, burn rates, working capital and external credit terms, economic forecasts and sensitivity
analysis. It is about finding the right tools to help you do this through a sustainable process.
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Creating your own bubble canopy
In our previous article, we shared how the pilot of an F-16 has great visibility. How his bubble
canopy creates an unobstructed forward and upward visibility, and to the side, and to the rear.
Along with enhanced GPS, the pilot is always able to see where they are going, where they
are now, and as necessary, where they have come from.
To sum this up, the pilot has, through systems and design, great situational awareness.
Right now, with all the changes going on around us, how good is your situational awareness?
Not only of what is happening or projected to happen in finance, but across the business. We
are, after all, one integrated system.
Situation awareness has been recognised as a critical, yet often elusive foundation for
successful decision-making. We need to create the kind of bubble canopy the pilot of an F-16
has in both finance and across the business to enable us to make the most effective decisions
we can, no matter how changeable the conditions.
The starting point is understanding the current position for the whole business, not only the
financials. But how do we do this?
Create a visible and actionable dashboard
Within the cockpit of a F-16, there is what is known as a Heads-Up Display (HUD). This
provides combat information in front of the pilot meaning it prevents them from having to
look into the cockpit. The pilot’s eyes are always looking forward, increasing their situational
awareness.
The cockpit also has a long-range radar which scans the “beyond visual range” area, essentially
looking for any threats that may affect the mission or itself. These threats could be the
weather or the enemy.
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We need to create our own dashboards which report on the key numbers including lead
indicators, this will show whether we are on track to achieve our objectives and whether there
are potential issues in the future. However, it is not just about having a dashboard with
revenue, profit, and cash on it, it’s much more than that.
Set a destination
Every fighter pilot has a mission, a clear concise objective and they know what a successful
outcome looks like.
We need to set our financial, business and personal destinations meaningfully. We need to
understand the true impact of achieving them or not. Furthermore, what is very critical is
knowing what milestones you will need to hit in order to achieve your objectives. The path to
your destination is never a straight line.
Having clarity on destination and waypoints
Set the objective, determine how you are going to get there, and above all, always keep it
visible and relevant in your day to day operations. This will ensure that you reach it.
Understand the drivers – what makes an impact and how much?
Knowing the outcome is just the start, you also need to understand and monitor the drivers
that impact the outcome. How much does each of them move the needle? They all have
different impacts and in fact do not always positively correlate with the effort you exert with
each one of them.
Knowing you need to raise £1m in 60 days by improving debtor days from 60 to 45 is just the
start. Not every client is at 60 days, some clients have specifically agreed times to pay.
Understanding the variables and the sensitivities, and what you can do to change and
influence them is key, not just knowing what the outcome is.
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It’s a team game
Achieving an objective like £1m is one that requires a business solution, not only a finance
one.
When setting the objective make sure that all those in the business know what the objective
is, why it is important and what their role is in achieving it. Then make sure they can all see
the results, how their effort is impacting the outcome and are focussed on it (Flying Level).
This requires clarity of roles and responsibility within the organisation and how they affect the
overall picture. Each member should be playing to their strengths and toward furthering the
cause of achieving the objectives. Make the “Organisation Chart” skill-based, ensure each
member knows their role and monitor regularly.
Create a feedback loop
The way an F-16 can consistently adjust to changing conditions is that it is always learning.
Responding to changes in its environment by adapting accordingly.
We need to have consistent and immediate feedback on how we are going, what is working,
what is not. When a client asks for a payment plan or when a product’s price or costs change,
these need to feed back into the system immediately so we can clarify the impact on hitting
our objective.
Right now, is your business able to do this? Can you affect your course and directions as quick
as the F-16 pilot? It is all about how far away you are from the customer and the system you
have put in to affect the change.
Create your own Fly-By-Wire Flight Control System
The Fly-By-Wire is a flight control system that has replaced traditional pilot controls with an
electronic interface, enabling all the systems of the aircraft to connect. This means the F-16
becomes far more agile, making timely incremental course corrections.
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In finance and in business, our systems and processes tend to not be so agile.
• Finance systems that do not link together with sales, marketing, or HR systems.
• Manual processes where automation or technology would help.
• No one version of the truth for decision making.
The impact of these? To name a few, confusion, lack of clarity, board room friction and
ultimately slow or poor decision making, or even indecision.
What can we do to create our own Fly-By-Wire control system?
Replace manual process with technology where possible
Replacing manual process with technology does several things for us:
• It reduces the amount of scope for error. How many of us have multiple spreadsheets
which link together? One incorrectly manually keyed number, and we know what the
impact can be.
• It saves time and money. No double entry or duplication.
• Gives us improved control and visibility. We know exactly how our processes are being
enacted every time.
• Ability to measure more effectively. We have clarity as to where the information is
coming from, and it’s easier to do future forecasts.
• Improved communication. The connection of independent systems, and improved
communication with clients.
• Connect our systems so they talk. Creates an electronic interface so we are using the
same information.
And ultimately, create one version of the truth.
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Create one version of the truth
Fly-By-Wire is an integrated, one version of the truth system. Real-time decision making based
on a single, unambiguous, and reliable set of data.
In many organisations, decisions are made using different versions of data, data from different
sources, data which can and is many times, interpreted different ways.
Removing all the imperfections from our systems and processes, removing elements where we
know things can go wrong, streamlining and creating a connected-up approach enables us to
all be looking at information from the same source.
A lightweight fuselage, without reduced strength
F-16s have demonstrated you can have a lightweight fuselage without losing the strength or
agility necessary to handle even the toughest of conditions.
By enacting the above, we build resilience into our systems. We ensure that we can bounce
back from adversity faster or even better still, reduce the initial impact. This is done through
robust processes, technology, and automation. Most importantly having a team that knows
what to do in the time of adversity. One right person at the right place with the right tool will
have a greater impact than a whole team with the latest gizmos.
We do this, without losing any of the strength we need, in fact, we build in strength and
flexibility by creating quality tools to aid us in decision making in uncertain times.
Looking at where you are now, are you able to pilot your own F-16? Are you able to navigate
any change in your environment and focus on creating future value? Most importantly are you
and your team capable of flying the advance machine that you have just made?
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How can Cognition24 help?
Cognition24 are proud authorisation partners of FinancialForce. Our expert product specialists
and project managers will guide your team through the implementation process and steer you
clear of common pitfalls. FinancialForce unites front and back of house systems – providing a
complete view of the business from sales to accounting. Whether you are a CEO, CFO, Sales
leader or financial controller, FinancialForce’s suite of tools put you in touch with your
organisation’s data. If you’d like to find out more, please contact one of our FinancialForce
specialists today.