In our home, my wife runs the finances. She pays the bills, sets the budgets, and saves the money. I am completely removed from this process—that is, until I want to spend some of the money.
Too many employees have a similar financial arrangement at work. Someone else pays the bills, sets the budgets, and saves the money. Employees are happy to disengage from this process; but understanding how your company makes money and its strategy for generating more—known as business acumen—is not just the CFO’s job, it’s everyone’s job. At least, it should be.
Read full article: The Case for Business Acumen and Our Best Idea for Building It