Review the short videos in the readings and resources section this week in the folder titled “Videos on Financial Decision Making” and share your opinion on how can finance be used as a strategic tool to make better decisions in business. Please be sure to address all the questions below in your responses. Please bring up a specific term, concept or metric you learned about during the class that you feel would serve as a good example as you reflect on the questions below. Please make sure you bring up something very specific from previous weeks. Failure to do so will result in points deducted. How can finance be a good tool to set direction when managing people?
How can finance be used to enhance communications in these situations? How could it add value?
How can finance be used to communicate vision (a desired future state of something) better when dealing with these things?
How can finance be used to manage outcomes (of projects/initiatives) more effectively in a company?
What is your specific metric and why have you chosen it?
How does this specific metric you brought up accomplish numbers 1 through 4?