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Creating a Financially Intelligent Culture through Open Book Management

Code: 13864-DL

List Price:  $0.00

List Price:  $299.00

Member Price:  $199.00

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The following are true of every firm in our industry: Profit and cash flow are good and necessary for a sustainable business, surprises are bad for business, and the daily decisions of employees have a huge effect on profit, cash flow, and surprises. So why do our employees know so little about how their decisions affect the financial health and peace of mind of the businesses they work for?

Open book management at its simplest, is the connecting of daily employee decisions to the short and long term health of the business. It is about teaching, organizing, and incentivizing everyone in the company to think and act like business owners.

This session will tell the story of why and how one firm is taking the mystery out of the financial management of their firm and creating a financially intelligent culture at all levels of the company through open book management and the results that have followed.

Learning Objectives:

  1. Why creating a financially intelligent culture is a common sense, great way to run your firm
  2. What does a financially intelligent Culture look like within an engineering firm
  3. What results you should expect from building a financially intelligent culture
  4. Who is and Who isn’t a candidate for creating a financially intelligent culture
 
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Year Published: 2015

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