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10 Reasons Why Every Manager Should take a Finance Course

Great Leadership By Dan

You’ll have a better appreciation for why top management or the bean counters are always asking you to fill out those reports, budgets, forecasts, and all that other stuff that you always whine about. They have different expectations and needs, and if they ain’t happy, you’ll soon not have any customers. After all, it’s your money too!

Finance 246
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Hospital Budget Systems Are Holding Back Innovation

Harvard Business Review

But much of the blame can be attributed to hospitals’ misaligned budgeting and incentive systems. We have identified how hospitals’ budgeting systems have erected three distinct barriers to the adoption of technology. Barrier 1: Unaligned budgeting units. Problem 2: Rigid annual operating budgets.

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Debt and the Future of the U.S.

Harvard Business Review

There is a great deal of confusion in the popular media about the level of the current budget deficit and outstanding debt. Consider, for example, that the estimated net present value of obligations under the Social Security system is approximately $8 trillion. To illustrate, most press reports peg the current U.S.

GDP 15
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How CMOs Can Get CFOs on Their Side

Harvard Business Review

In our experience, companies that adopt this marketing analytics approach can unlock 10–20 percent of their marketing budget to either reinvest in marketing or return to the bottom line. CFOs are more interested in capital investment estimates, net present values, and a clear outline of the trade-offs of any investment.

CFO 8
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When It Pays to Think Like a Finance Manager

Harvard Business Review

Do you think they’re going to do a net present value (NPV) analysis that shows they don’t need that computer? This happens more frequently than we would like to admit with capital budgeting analysis and the tools of ROI. Joe Knight. Add to Cart. Of course not.

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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business Review

But having a grasp of terms like EBITDA and net present value are important no matter where you sit on the org chart. The Refresher: Net Present Value. “People think budgets are static. If you’re not a numbers person, finance is daunting. How can you boost your financial acumen?

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Shape Strategy With Simple Rules, Not Complex Frameworks

Harvard Business Review

Accordingly, the management team identified capital budgeting as a critical bottleneck keeping the company from achieving its objectives. To prioritize projects, for instance, the ALL team could have forecast future cash flows for every potential investment and ranked all proposals on the basis of their net present value.