In our Income/Outcome business acumen workshops we teach the difference between budgeting and forecasting from a top-down as opposed to a bottom-up process. In our view, top-down relates to forecasting results when the future sales are already known, and you … Read More
Sometimes people working for non-profits or not-for-profit organizations are unfamiliar with basic business concepts and ideas. Non-profits don’t consider themselves to be “in business.” They see themselves as an organization working for the betterment of the community or the world. … Read More
In this series I’m using the Financial Times’ definition of business acumen as “keenness and speed in understanding and deciding on a business situation.” The word “acumen” means keenness, but in “business acumen” speed is also crucial, and is included in the definition. To … Read More
We have started working with the Acumen Fund, based in New York, who provide developmental training and opportunities in a variety of countries. Let me point you to their blog for a chatty overview of their activities… and to give … Read More
Some say it’s still a recession, others say it’s a very slow recovery. Either way, the money is tight. So what’s a company to do? While some companies are slashing their budgets in every direction, smart companies are shifting to … Read More