What is a balance sheet? The Balance Sheet is a statement of what you have (in the business) and where the funding came from. It adds together all the assets in the business (“what you have”), and adds together all … Read More
This week’s edition of The Economist has an interesting review of three books on infographics (“Winds of change”). Beginning with a mention of William Playfair, the Scottish engineer who created the bar chart, pie chart and line graph, the article … Read More
The Company Board® is a graphical presentation of the financial results of a company. Individual line items in the Income Statement and Balance Sheet are represented by colored stacks, with the scale shown in the center. For example, here is … 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
Business acumen is “keenness and speed in understanding and deciding on a business situation.” Companies want to develop these traits, especially in their senior managers – but also in the workforce at large. Most companies would like a corporate culture that nurtures … Read More
The lexicon of the Financial Times defines business acumen as “keenness and speed in understanding and deciding on a business situation.” It goes on to clarify: “In practice, people with business acumen are thought of as having business ‘sense’ or business ‘smarts’.” … Read More
Income/Outcome is a hands-on board game business simulation that puts players into C-level roles running their own business. They become entrepreneurial executives, their teams become corporate giants, and the classroom becomes an entire industry. Income/Outcome is a team competition that … Read More
The usefulness of the Company Board is that it presents financial information in a visual manner. For people who do not enjoy looking at long columns of small numbers, this may make the information more accessible. It can also clarify … Read More
This is an example of a Company Board, showing its basic structure: There are a few lucky people in this world who can glance at columns of numbers on a page, and immediately see their relative sizes, relationships, importance, … Read More
The Company Board™ is a graphical presentation of the financial results of a company. Individual line items in the Income Statement and Balance Sheet are represented by colored stacks, with the scale shown at the bottom left. Income Statement The … Read More