In other words, they need people who Job Function Email List understand the "business" of the business. In his book Good to Great, Jim Collins says, "We found no evidence that the Job Function Email List 'good-to-great' companies had more or better information than the comparison companies. None. Both sets of companies had virtually identical access Job Function Email List to good information. The key, then, lies not in better information, but in turning information into information that Job Function Email List cannot be ignored." With an increased level of business acumen, managers and employees can better interpret information, making the connection Job Function Email List between their actions and the company's results.
Another Reality of Today's Business Job Function Email List World A public company's operating results are well known at the end of each quarter. Analysts, investors, the media, Job Function Email List employees-everyone has access to a company's financial results. With a significantly increased focus on accounting improprieties over the past few years, Job Function Email List senior management has become highly conscious of the need to provide accurate and timely financial information. Job Function Email List And employees have become much more likely to wonder about these numbers. "Is my company being honest? Are the numbers telling the whole story?"
Without a fundamental understanding Job Function Email List of financial results and an ability to interpret them, employees may become suspicious and, ultimately, disengaged. Disengaged workers, in turn, negatively impact productivity and profits. CEOs of public companies, then, must ensure that managers and employees are able to understand the numbers and have confidence Job Function Email List in them. That means effective business acumen education as well as ongoing and open communication from the top. Former GE chairman Jack Welch said in his book Straight from the Gut, "Getting every employee's mind into the game is a huge part of what the CEO job is all about.There's nothing more important."