- Aim for more than financial success
In addition to financial performance, companies also have a social responsibility. Companies should decide what non-financial performance parameters to be judged by, and then measure these so achievements can be tracked and improved.
The chief executive of the worlds biggest mining company, BHP Billiton, said in October 2011 that companies should include in their performance measures ...
- Evaluate alternatives
Think about the alternatives before making a decision.
To make a good decision, ask what financial and other information is relevant to making a choice. If you don’t have all the information, consider doing more research. Besides the financial implications, how will people be affected by your choice?
If you use consultants or other people in your ...
- Financial growth strategies
An organization should plan to grow. The growth achievements to-date will be already reflected in the financial statements. Future growth should be projected so its impact on the financials and cash flow can be planned. Growth will increase the size of the profit and loss / income statement as well as the balance sheet and ...