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.
Latest posts by The Advantage Team (see all)
- Are you a Multiplier? - August 17, 2017
- 3 essential leadership development tips for America’s top business minds - August 17, 2017
- How to be a just-in-time learning superhero - August 7, 2017