There is an astonishing phenomenon that occurs in business. When departments discuss finance, people often use different terms to refer to the same thing. For example, operating income (or operating profit) is a line on the income statement (or P&L) … Read More
By 1996, Michelin Worldwide was facing an unfamiliar challenge. To better serve the Customer, Michelin needed to align its organization into product lines, something that had been absent up to that point. Previously, critical management decisions were made at corporate … 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