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Overcoming Data Collection Challenges in Consulting

Tom Spencer

We repeated our request a week later, but they only provided a balance sheet from the previous year. For example, instead of asking for the average payroll for each department over time, ask for a representative current salary of an employee in each department: sales, operations, finance.

Data 78
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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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M&A deals – benefits and drawbacks

Tom Spencer

Many consulting, corporate strategy, and corporate development roles require the interviewee to go through an M&A case study. Depending on the firm and specific role this case could be very strategic and operational like doing a market entry/growth-type case or very technical (i.e. An empowered decision is required.

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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. Operating income. Operating Expenses. Study the Balance Sheet. Cash flow.

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The age old tale of financial crises

Tom Spencer

Perhaps not in the prediction of crises, but our responses to these inevitable crises have been studied and tinkered with over the past two millennia. As it is a criminal offense to operate a firm without sufficient cash under British Law, Lehmann Brothers had to either meet its cash requirements or file for bankruptcy.

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2008 Financial Crisis – Causes and historical context

Tom Spencer

Many an economics and finance course later, I see that the layers of complexities to the 2008 financial crisis are innumerable. Banks would rather store their money at the Fed than lend it to finance potentially risky projects. We were shocked, how could no one have seen the collapse coming? It all seemed so clear.

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Why Apple Is Getting into the Energy Business

Harvard Business

A new study by the National Renewable Energy Laboratory estimates that business rooftops contain 3.2 Energy-efficient lighting, motors, and other hardware continue to make good sense for many firms, whether financed on the balance sheet or by third parties who provide the upfront capital and then share the savings on future power bills.

Energy 28