tailieunhanh - GROWTH AND PROFITABILITYOptimizing the Finance Function for Small and Emerging Businesses phần 4

Ra quyết định và chính sách thiết lập cho tổ chức sẽ cắt giảm trên tất cả các chức năng kinh doanh, không phải là ít trong số đó là nguồn nhân lực, tiếp thị, phát triển sản phẩm, sản xuất, và quảng cáo. Cho dù truy cập được đảm bảo trên Internet thông qua trang chủ hiệu dụng hoặc thông qua các thỏa thuận gia công phần mềm, tất cả các khía cạnh của tổ chức phải mong đợi và nhu cầu cổ phần trong các chức năng tài chính | __4__ MULTILEVEL APPROACH KEY TAKEAWAYS Understanding the need to rely on more than instincts to make decisions. Understanding the evolving nature of finance strategies. Realizing that most issues affecting finance are not mutually exclusive. Knowing where to begin the strategizing effort. Understanding the need to gather all finance needs and identify all issues before strategizing. Understanding the need to prioritize all needs and issues before strategizing. Understanding the multilevel model for strategizing. Understanding the need to analyze the business life cycle. Understanding the need to evaluate financial data customers. Understanding the need to analyze the finance organization information systems and finance business processes. Appreciating the role of data flow processes. Distinguishing between upper-tier considerations and lower-tier considerations of the multilevel model. Recognizing the need to manage cash flow. Knowing the importance of setting balance sheet policies. Knowing the importance of setting profit and loss P L policies. INITIATING THE FINANCE STRATEGY Where to Look First The health and well-being of the organization is the number-one priority of the small and emerging business owner. Leadership must focus on both the operational and the nonoperational back-office aspects of the business to keep the organization healthy. One of the greatest challenges for any business leader is balancing time and resources between front-line and back-office issues. Typically the small and emerging business owner is because of the life cycle of the enterprise more oriented toward operations. Identifying and dealing with nonoperational issues 68 MULTILEVEL APPROACH specifically the finance function can be a particular problem in this phase of business development. Many small and emerging business owners feel that it takes a certain level of experience to address the finance function properly. These owners can be proactive in .