Finance is the universal language of business. It is the language used to describe, explain and evaluate the results of all actions and decisions taken by management. This ranges from the results of routine trading, through evaluation of major investment decisions to the understanding of the overall performance of the organisation.
High-performing boards are typified by robust debate, both challenging and supportive, leading to high-quality decision making. This is impossible unless everybody around the table is well-versed in the required skills and terminology. Finance cannot be simply left to the CFO. Apart from legal issues, such as joint and several liability, each member owes it to the group to understand the commercial consequences of the collective actions.
At Space2BE we are delighted to have Andy Meehan as our expert in this space. As a young CFO, Andy was often frustrated that his colleagues didn’t always get what he was talking about and began to develop commercial awareness programmes for boards and senior managers. Since then he has transitioned from CFO to CEO to non-executive chair of several organisations and always makes sure his teams have a high level of commercial awareness. This has been one of the most profitable uses of his time and recognises that many senior colleagues are secretly embarrassed at the gaps in their knowledge and actually welcome the chance to learn in an appropriately tailored way. We also offer commercial and financial awareness training for managers and these programmes are led by Phil Ingle, Senior Consultant.
The business impact is clear. Whether you are a PLC, privately owned or not-for-profit, a high level of commercial awareness means the quality of the analysis is high, and so is the debate and therefore the decision-making is at the level it needs to be to achieve the desired outcomes. It is really noticeable.
We provide financial and commercial awareness at two distinct levels; for the board and for your managers and leaders. Capabilities are enhanced through bespoke group training and/or one-to-one mentoring.
Bespoke modular programme
Diagnostic, bespoke module design
Diagnostics-led bespoke sessions
Workshops for executive teams
Bespoke, 3-4 day, in-tact teams, real numbers, real decisions
Trust us to
Provide you with an astutely tailored programme
Provide you with a Board level lead trainer for Board member training
Maintain complete confidentiality