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Income-Outcome
Outcomes List
| Partial Listing of
Individual and Organizational Outcomes |
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Provides tools for reporting progress and results
Builds Relationships and Networks
Clarifies the function of each department within the organization.
Gives an appreciation for the needs of other employees in the
company and the challenges they face.
Provides working knowledge of business terms and definitions.
Includes standard financial reports and common business metrics.
Gives practical experience using financial planning and analysis
tools.
Looks at how metrics impact behavior, and how new metrics can change
results.
Requires constant monitoring of competitors, and frequent
adaptation
of business plan in response to changing market conditions.
Addresses problems from several points of view, reflecting diverse
departmental views and the numerous financial aspects of running a
business.
Fosters Open Communication
Clarifies the need for a common language and a shared understanding
of business
Develops a standard business vocabulary with company specific
elements
Provides a forum for the exchange of ideas in a cross-over context
with interdepartmental concerns and priorities
Demonstrates the need for constant improvement.
Experience investor risk and reward. |
The competitive market reinforces the underlying importance of
meeting customer needs
Includes quality, customer service, reputation, niche markets, as
well as price and terms
Emphasizes the importance of cash flow, clarifies the need to manage
separately for profit and cash
Provides the tools to track revenues and expenses, and for
forecasting, planning, and execution of business strategy
Requires constant decision-making and action regarding the
allocation of resources.Provides a risk-free environment in which to try out new ideas and
approaches.
Creates a matrix for organizing business concepts, encourages the
use of this matrix in prioritizing financial information
Provides a visual model for remembering all the factors that need to
be considered in developing a plan or making a decision.
Project Planning Skills
Provides a “big picture” understanding of the business
Provides working knowledge of planning tools such as forecasts and
budgets (level-specific)
Demonstrates the need to work together to meet time deadlines and
financial targets.
Shared decision-making in a risk-free environment
Provides a forum for the exchange of ideas.
Team size is designed to maximize participation by team members.
Values the Shareholder
Presents the view of the shareholder. |
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