CFO.University
Developing your financial plan from your strategic vision is a critical step in moving toward your dream.
Financial plans can be as rudimentary or as complex as you desire, but no one gets too far without some form of plan. A sound financial plan is vital for any size of business – from small startups to large corporations. It’s like a compelling novel, telling the story about your company, where you have been and where you expect to go.
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CFO.University
Time out - Planning for growth may be an offline activity.
It is hard enough to keep your customers satisfied, the plant running efficiently and your suppliers on schedule. On top of all that, how can you profitably grow the business? Here is one method to kick-start the process.
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Albrecht Enders and Jeanne Enders
There is great comfort in buying into a specific process to manage innovation.
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Albrecht Enders and Jeanne Enders
Walter Isaacson articulated how the concept of ‘bending reality’ helped Steve Jobs push for breakthrough innovations at Apple. This approach is also sometimes covered through the concept of stretch goals.
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Albrecht Enders and Jeanne Enders
One objective of innovation processes such as Outcome Driven Innovation (ODI), Voice of the Customer (VOC) or Lean Product Development (Lean PD) is to bring more reliability to a highly conceptual and ambiguous environment. These tools can also promote an environment that focuses exclusively on inductive and deductive logic. These styles of reasoning rely on rules and data to predict future outcomes. To balance this analytical approach to innovation an intuitive reasoning process is essential. Intuitive reasoning is known in some circles as abductive reasoning.
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