It’s easy to assume that everyone in your company shares a basic understanding of how business works. That they know their everyday decisions will affect the bottom line. They might not fully understand how that happens — but probably don’t need to since “it’s the job of higher-ups to take care of those things.”
Now try to execute a strategic shift that requires people to perform differently. For example, you’re Chiquita and you need to evolve from “banana company” to a more comprehensive consumer products enterprise. You’ll discover that equipping all of your people with the Right Capabilities — from basic business financial acumen to a deeper understanding of customers’ buying habits –- is crucial. Making better business decisions isn’t the job of “higher-ups.” It’s everybody’s job.
Some companies immediately drill down on financial basics. Download the pdf »
Others, like Advantage client Chiquita Brands, craft comprehensive, worldwide learning and management initiatives. Read the success story »
Chart your own course, but just make sure that ALL of your people have the financial acumen and related capabilities to optimize business results. Your bottom line will thank you.