Financial statement analysis is a skill which is usually the reserve of accountants and financial specialists. Yet understanding these key documents that offer a snapshot of a company’s financial health is a desirable skill for anyone in business including managers, entrepreneurs, and investors. Being able to read and analyse financial statements is key to unlocking […]
What is a corporate financial strategy?
Every business needs a financial strategy to help it grow and stay afloat, even large corporations for whom decisions are more about the transferring of resources or managing a portfolio of businesses. The function of the finance department is increasingly seen as integral to informing corporate strategy, and the role of Chief Financial Officer (CFO) […]
What is the lean start-up methodology?
A lean start-up is one which begins with the search for a new business model, not a new product or service. A successful lean start-up offers new ways of doing things that solves a common problem for a target market. It is also co-created by target customers who are early adopters, as their input and […]
How do operations and supply chain management work together?
Operations management and supply chain management are areas within a business that often work in parallel and whose processes also often overlap. This is because operations strategy is heavily reliant on the timelines of the supply chain. The Chartered Institute of Procurement & Supply (CIPS) states on its website that “Operations management is the business […]
What is a business plan for?
A business plan has long been held up as a fundamental and foundational document in getting a business idea off the ground. Every business starts with a business plan. It may initially start out as scribbles on a paper napkin or a beer mat, but ultimately, it will become a formal document that contains business […]