Ambition The ambition of the business sets out what a company wants to achieve in value terms e.g. €25m turnover by 2030. It helps your business measure success and assists with overall planning and maps these objectives to your vision and mission statements. A...
by Moira Creedon The Rev counter is the dial that tells you when to change gears as otherwise you will be wasting fuel. In a company this represents decision making systems that ensure the company makes commercial decisions that make financial sense and do not waste...
by Moira Creedon To get across a border you must produce a passport. To maintain a limited company, your finance function has to produce the necessary financial reports and paperwork for the tax authorities. To keep a business legally trading, you must have...
by Moira Creedon If you were embarking on a long journey it would make you pretty nervous if the fuel gauge was out of action or the warning lights didn’t work. This is the equivalent of having good reporting systems that include clear well chosen KPIs that give a...
by Moira Creedon If you were driving to Moscow in mid Winter you would make sure to have snow chains, a puncture repair kit and blankets in case you get snowed in. On that tough journey you would automatically think ahead and assess the risks you will be exposed to...
by Moira Creedon In the SatNav note you headed off on a journey to an unknown destination across difficult terrain. To do this you need a car with fuel in the tank and cash in your wallet for more fuel (in the various currencies you are likely to need) –...
by Moira Creedon If you were traveling to an unfamiliar destination across unknown territory you would certainly want a SATNAV – real time navigation to keep you on the best route to your target. The SATNAV is a simple metaphor for the planning and financial reporting...
by Moira Creedon Financial Management is core to the survival and success of any organization or business. This note explains why good Financial Management is critical if you are aiming to grow your business the following links, lay out key elements of good Financial...
It is important to give structure to the Innovation process and to be able to evaluate outcomes in a timely manner. The broad themes are: Developing and managing idea development Systems that allow stage-gated evaluation of development projects including post-project...
It is important that a company has sufficient financial resources, and the capability to achieve its goals, identify gaps and establish appropriate skills. The broad themes are: Identifying skill requirements Resource requirements – equipment, capability etc. Suitable...
