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Leadership Inspirations – Doing Great Work
“To do great work, a man must be very idle as well as very industrious.”
Samuel Butler (1835 – 1902)
Iconoclastic Victorian author
Archive for month: December, 2011
Recommended Resource – Finance Without Fear
Finance Without Fear: A Guide to Creating and Managing a Profitable Business
by William S. Hettinger and John Dolan-Heitlinger
About the Reference
Finance Without Fear: A Guide to Creating and Managing a Profitable Business by William S. Hettinger and John Dolan-Heitlinger unveals the mysteries of financial statements in this easy-to-understand, example filled book. William and John arm leaders with the knowledge of what is in each financial statement, how statements relate to each other, and, more importantly, how business operations impact reported financial outcomes.
Benefits of Using this Reference
StrategyDriven Contributors like Finance Without Fear because it imparts the appropriate level of financial report understanding needed to be a successful executive or manager while not requiring the reader to be a CPA. Additionally, the illustrative examples relating business operations to financial statements clearly conveys the relationships and importance of strategic and day-to-day decisions to the financial well-being of the organization.
StrategyDriven Contributors believe it is vitally important for all executives and managers to understand how operational decisions impact financial performance and its conveyance in financial statements. Likewise, it is critical that these leaders be able to draw conclusions about business operations from their financial statements. While newly ascending managers may not have this knowledge, they should seek and be provided this information early in their management careers. Finance Without Fear can be used to impart such knowledge; making it a StrategyDriven recommended read.
StrategyDriven Podcast Video Edition 3 – Framework for Aligning an Organization
StrategyDriven Podcasts focus on the tools and techniques executives and managers can use to improve their organization’s alignment and accountability to ultimately achieve superior results. These podcasts elaborate on the principle, best practice, and warning flag articles found on the StrategyDriven website.
Episode 3 – Framework for Aligning an Organization explores the mechanisms needed to create an programmatic framework focusing all employees on the achievement of the organization’s mission goals as well as the benefits these organizations realize over competing firms not so well aligned.
Learn more about how to become truly StrategyDriven by reading: The StrategyDriven Organization.
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Risk Management Best Practice 1 – Map Corporate Risks to Operational Processes
All enterprises face a unique set of risks that threatens long-term organizational success and viability. Like corporate level performance measures, it can be difficult to readily ‘see’ the day-to-day activities that initiate, amplify, or mitigate these risks. Mapping corporate risks to the line organization’s executable processes illuminates the risk related activities so they can be appropriately monitored and managed.
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Leadership Inspirations – Complex Motivation
“No man does anything from a single motive.”
Samuel Coleridge (1772 – 1834)
English poet, literary critic, and philosopher
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