“Making Financial Training Stick”

After the Business Literacy Institute in Calabasas, Calif., implemented business literacy training for a major pharmaceutical company, Money Maps depicting the financial results of various departments were developed and posted for all to see. Manufacturing employees, for example, were able to reference the Money Maps to determine the financial implications of the manufacturing process, including their own contributions and the impact that their mistakes and successes had on those in front of and behind them in the manufacturing line...

“Using Retirement Money for a Startup”

In general, your retirement funds should be used in the way they are intended: To finance your retirement years. New businesses are inherently risky ventures, and most experts would advise you not to risk your golden years on one, especially since you will be losing the IRA benefit of tax-free compounding for your nest egg...

“A Rumor of Money for Entrepreneurs”

"No matter how good your business plan is overall, the most important section of the plan is the sales and marketing," says Joe Knight, co-author of Financial Intelligence, A Manager's Guide to Knowing What the Numbers Really Mean. "You need to really analyze your market…and have a solid strategy for how you are going to sell into that market. Venture capitalists go straight to the sales and marketing plan and if that doesn't make sense to them, then the rest doesn't matter."

“The Financially Intelligent Organization: Knowing the Numbers Is a Part of Everyone’s Job”
—by Karen Berman and Joe Knight

“We’ve done away with silos, created cross-functional teams, learned to collaborate and gotten to know our internal customers. But something is still missing. It takes something more to create an organization in which everyone feels involved and committed, where they understand what they are a part of, what the organization is trying to achieve and how they affect the results...”

posted by the American Management Association

“Thought Leaders: Karen Berman on ‘Financial
Intelligence – Knowing What the Numbers Really Mean’”
—by Karen Elmhirst

Elmhirst interviews author Karen Berman: “By understanding the numbers, people at all levels can make better decisions...”

“Working Smart”
—by Holly Dolezalek

“Karen Berman has studied this issue in a little more depth, and the results she found told her that there were benefits in sharing more information with employees.”

“Yes, You Do Need to Know about Sarbanes-Oxley”
—by Karen Berman and Joe Knight

“Sarbanes-Oxley addresses codes of ethics, financial reporting and procedures and processes. But it is also about becoming financially transparent, an approach to leading and managing that is one of the best ways you can personally prevent financial fraud in your organization.”

originally posted by the American Management Association