READ THE FULL GRAPHIC VERSION A changed lexicon points to a changed reality Twenty years ago, I uttered some words to the wise. I told my seminar audiences that if they wanted to sound like an MBA or business consultant, they should, within the first five minutes of their presentation, use any of the following … Read more
READ THE FULL GRAPHIC VERSION Some firms play chicken on expenses Ask a business manager how each year’s operating budget is set. Chances are they will tell you that it is based on the revenue forecast: “We help the finance staff forecast next year’s revenue – and then they tell us how much we get … Read more
The Walt Disney Company is backing bricks and mortar over digital There’s an old expression that goes something like this: “You can tell what a company’s strategy is by where it puts its money.” I was reminded of this on a recent family vacation to Walt Disney World in Orlando, Florida. I recall my keenness … Read more
Phil Young learns what happens when FP&A go beyond the numbers [button type=”large” color=”black” rounded=”1″ link=”https://issuu.com/revistabibliodiversidad/docs/full_book_dialogue_q32019_569cc21c970cbd/53″ ]READ THE FULL GRAPHIC VERSION[/button] The apocalyptic effect artificial intelligence will have on financial planning and analysis (FP&A) jobs presents as a foregone conclusion. But it isn’t. In my previous column (Dialogue, Q2 2019, page 53), I showed how … Read more
Brand equity is an imprecise moniker for a valuable thing, writes Phil Young [button type=”large” color=”black” rounded=”1″ link=”https://issuu.com/revistabibliodiversidad/docs/full_book_dialogue_q4_2019_final_co/59″ ]READ THE FULL GRAPHIC VERSION[/button] I was partly amused. But I was mostly confused. The first time I heard the term ‘brand equity,’ my immediate reaction was one familiar to finance guys: “There go those marketing people … Read more
FP&A should cool it, writes Phil Young [button type=”large” color=”black” rounded=”1″ link=”https://issuu.com/revistabibliodiversidad/docs/dialogue_q2_2019_full_book/53″ ]READ THE FULL GRAPHIC VERSION[/button] A crucial group within a company’s business function is financial planning and analysis (FP&A). Essentially, this team is responsible for forecasting key financial indicators, such as revenue, profit and cash flow – and for tracking and analysing a … Read more
Value is being added in inventive ways in the digital age, writes Phil Young [button type=”large” color=”black” rounded=”1″ link=”https://issuu.com/revistabibliodiversidad/docs/q4_2018_fullbook/57″ ]READ THE FULL GRAPHIC VERSION[/button] There are numerous meanings and usages of the term ‘value-added’ – depending on the context in which the term is being used, i.e. finance, accounting, microeconomics, macroeconomics, or marketing. But in finance … Read more
Acronyms aren’t as simple as A, B, C [button type=”large” color=”black” rounded=”1″ link=”https://issuu.com/revistabibliodiversidad/docs/dialogue_q3_2018_fullbook/53″ ]READ THE FULL GRAPHIC VERSION[/button] Some years ago, when I was attending an academic conference at a regional university, I decided to visit their bookstore during a break in the proceedings. To my surprise, in the section of the store selling baseball … Read more
The financial definition of staff as an expense rather than an asset fails to reflect the reality of business, writes Phil Young [button type=”large” color=”black” rounded=”1″ link=”https://issuu.com/revistabibliodiversidad/docs/full_book_dialogue_q2_2018_00c75a7dc64042/49″ ]READ THE FULL GRAPHIC VERSION[/button] When I introduce non-financial managers to the metric Return on Assets (net profit divided by total assets), I find that most people are … Read more
Clever new companies are cutting up a classic business model, writes Phil Young [button type=”large” color=”black” rounded=”1″ link=”https://issuu.com/revistabibliodiversidad/docs/fullbook__dialogue_q1_2019/57″ ]READ THE FULL GRAPHIC VERSION[/button] Have you heard the story of the razor and the blade? According to what we read about it on instash.com, it’s a classic model economists use to describe the business model where … Read more