Archives for June 2013

Communicating Strategy with the Balanced Scorecard

Summary: Important Role of the Balanced Scorecard Useful as a tool to communicate strategy of the company and for the employees to understand critical objectives. Gives a certain clarity to the strategy that did not exist before. Communicating strategy to employees CEO dropping by employees desk, put the strategy map in fron of the employee and asked them three […]

Cash Flow: It’s Dynamic, Not Static

From the time a cash flow report is produced until it is reviewed, it is inaccurate.  It may be accurate enough for decision making when it is produced but it ages quickly.  Each business day (or hour) changes the numbers on the report and consequently your cash flow position.  Effective management of cash flow will […]