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We REALLY Need to Stop Talking About Lean

Markovitz Consulting

Culp, of course, was Danaher’s CEO for 14 years, and is steeped in lean thinking through the Danaher Business System. Culp has also shifted focus away from earnings per share, which was once the most important metric at GE. The Wall Street Journal recently wrote about Larry Culp’s efforts to turn around faltering General Electric.

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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

If you’re not a numbers person, finance is daunting. Stop avoiding finance because you’re afraid of numbers. Think of it this way, “Finance is the way businesses keep score. “Finance and accounting are very simple. .” “Finance and accounting are very simple. Overcome your fears.

Finance 28
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Asset Management – Industry Overview (Part 1 of 4)

Tom Spencer

Higher AUM will of course equal higher fees. Operating Margins. After other selling, general and administrative expenses – including large scale marketing efforts from the ads you may see in the financial district – we get to the operating profit of the asset manager.

Industry 113
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The Importance of Business Acumen for High Performance

LSA Global

It is not just the purview of finance to interpret the numbers that govern profit and loss; it behooves every employee to understand how and why the company makes money, spends money, and measures financial performance. Take a financial acumen course , do online research, or invest in a textbook on the subject. Operating income.

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Lessons From Events

Martinka Consulting

And, of course, Marc had his annual prop, a statue of Zeus with the lightning bolt of tax, which he brought out to signify the exciting tax law changes from the recent tax bill. Financing options, the bank and more. The use of metrics, management reports, etc. They did such a good job we had to stop questions after 60 minutes.

Banking 40
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There Are Two Types of Performance — but Most Organizations Only Focus on One

Harvard Business

Every step of the process was measured, and real-time metrics were easily accessible. In Precision’s case, good tactical performance required developing rules, checklists, and standard operating procedures and then following them closely. ” Of course, being too adaptive can also hurt tactical performance.

Metrics 51
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HR Leaders Need Stronger Data Skills

Harvard Business

Among the findings: On average, HR leaders lag far behind other professionals in their ability to operate in a highly digital environment and use data to guide business decisions. As such, HR can course-correct when necessary by revising or shifting its priorities among hiring, development, and performance-management systems.

Data 52