Using the Business Value of IT Calculator

The Business Value of IT Calculator (BVIT) is a very simple and intuitive approach that any executive team can use to understand where the company stands on its utilization of IT. Almost all business functions use IT to some degree. Therefore all functional business executives should have a view of how well IT is serving their needs as well the overall business needs. The BVIT uses a very intuitive survey approach to ask 10 questions of the executive team and aggregates results to get an aggregated composite rating of value from IT.

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Fraud Risk Management

Fraud is all around us, grabbing the headlines every single day. Fraud is a high-impact, low-probability risk with the potential to destroy a firm’s integrity and reputation very quickly. Many firms focus on the low-probability nature of fraud, and consequently fail to employ both resources and structure to address this risk. In our present climate, Fraud risk has been elevated and new types of fraud typology have evolved in concert with both cyber and money laundering.

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The Value of Our Reputation

I am no marketing, sales or branding expert but after a few minutes with Casey Boggs and Michele Houck of ReputationUs, I sure felt a lot smarter. I am still working on developing a tangible link between market value and book value. Typically, this difference is explained by three overarching themes.

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Can your business grow too fast?

Entrepreneurs are passionate about their products and services. Their strengths are often in those business disciplines closest to the customers and product: sales, marketing, engineering, and production. Financial management and accounting are often viewed as necessary evils. As a result, small business owners often postpone investments in strong financial management practices until the company reaches some mythical milestone in the future. And that can cost them dearly in the long run.

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