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Nimble Leader Volume IV: Boring Numbers?
Nimble Leader Volume IV: Boring Numbers?
Nimble Leader Volume IV: Boring Numbers?
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Nimble Leader Volume IV: Boring Numbers?

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Throughout Nimble Leader (six volume series), we explore key concepts that have proven to be practical, useful, and applicable to achieving sustained improvement in business performance over the long term. In Volume IV: Boring Numbers? Make Them Sing and Dance!, you will move from the foundational importance of defining Market Position to the critical relevance of understanding financial statements. Different groups within different organizations speak their own language; and oftentimes, they develop a world view that is shaped by their experiences. However, if you speak 'sales', you may not speak 'engineering'. If you speak 'operations', you may not speak 'new product development'. The one language that cuts across all of the different groups is the language of numbers, and in particular, financial numbers. Volume IV of Nimble Leader demystifies financial statements and key measures of business performance. You are exposed to the numbers – the financials – through the eyes of a 'business operator'. Business operators only value the financials to the extent they provide assistance in making better business decisions. They focus only on those numbers over which they have the ability to impact. In reading Volume IV of Nimble Leader you will make the connection between strong financial results, a strong Market Position, and the act of positioning your business to uniquely and specifically address customer need!
LanguageEnglish
Release dateMay 26, 2015
ISBN9781633192768
Nimble Leader Volume IV: Boring Numbers?

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    Book preview

    Nimble Leader Volume IV - Andrew Ortyn

    Boring Numbers?

    Make Them Sing and Dance!

    To understand why the generation of cash is so important, one need look no further than the American automobile industry’s reckoning during Fall 2008.

    —Ram Charan

    Volume IV

    Table of Contents

    Introduction – Nimble Leader

    The Numbers are Beginning to Whisper to Me!

    Struggling With the Numbers

    Their Only Hope of Knowing What Was Going On

    Demystifying Financial Acumen

    The Basics

    Thanks for the Tutorial … So What?

    A Practical Perspective of Profit & Loss

    The Emails Kept Coming!

    The Smallest Market Segment. The Largest Operating Profit.

    A Practical Perspective of the Balance Sheet

    Squeezing CASH from Working Capital … Funding Innovation

    General Rules of Thumb

    Achieve Team Sync

    Summing It Up

    Nimble Leader – Next Steps

    Notes

    Introduction – Nimble Leader

    Why This Series?

    Strategy. Leadership behavior. Results. The three need to mesh for good things to happen in any business.

    As a leader, have you ever felt vulnerable because your background, experience, and title suggest you should know more than you do? Join the club!

    As a leader, you are…

    • Paid to get it right … the first time

    • Paid to see the micro and macro trends before they occur

    • Paid to have real-time strategies that address multiple market scenarios

    • Paid to have contingency plans for eventualities that may or may not happen

    • Paid to be the ‘great leader’ in tune with your colleagues, subordinates, superiors, key stakeholders, alliance partners, and of course your customers!

    The above depicts a level of leadership perfection, a sense of omnipotent capability. This orientation also breeds a mindset that leaders cannot show vulnerability in any way – that an inability to understand the whole picture, all of the time, somehow implies that you are not on top of your game.

    Yet – it is in acknowledging and acting on our ‘gaps’ that self-aware leaders are able to set the stage for dramatic growth, both on a personal level and with their business.

    Much has been written about business strategy, leadership behavior, and delivering results. However, little has been written about bringing these three elements together in a workable format that will help leaders lead and equip them to better negotiate a dynamic and turbulent marketplace.

    In the Nimble Leader Series, we provide a workable format. We make the connections.

    We link business strategy, leadership behavior, and financial performance, in

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