Finance for Non-Finance Executives
The present Volatile, Uncertain, Complex and Ambiguous (VUCA) world throws a lot of challenges to businesses. These external challenges are not fully under internal control and therefore, the preparedness of business to face these challenges becomes critical for all organisations.
Even today, irrespective the ‘balanced scorecard’ and similar approaches, the major measure of the success of any business is through ‘financial performance’. The finance function is no longer independent and separate from other functions like HR, Marketing, Operations, Research, Technology and Business Development. Executives who are involved in various business decisions need to be equipped with basic finance knowledge and skills so as to be able to interpret financial parameters and contribute effectively for business growth.
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