If Financial Statements and the accounting it follows, fails to make sense to anybody other than the audit firm that signed off on them, what is the point? Accountants should always remember that the goal is to offer clarity and help support decision making, not impede it.
Kaizen directly translates to continuous improvement and was originally developed in post-World War II Japan. Toyota Motor Corporation, the company that spearheaded the development, can be viewed as a representation of this concept. As a company that was originally founded as an automatic loom manufacturer, it has evolved into one of the largest automotive manufacturers in the world, with a market cap of $260 billion.
If you want to know about your company or prospective company, look at their perspective and process around talent development. It may reveal more than you think.
Unfortunately, there remains a myth that business units can be divided into clear and distinguishable impact labels: cost centers and profit centers. While this term has long outlived its usefulness, those organizations that live by it will certainly die out with it.
Today’s knowledge-based economy would dictate a comprehensive strategic perspective of the company’s most important assets is a critical factor in driving organizational success and achieving its goals.
The value in leadership is obvious. Being able to develop deep meaningful relationships, communicate with clarity and display empathy are keys to influencing and inspiring others. But success does not equate to an Emotionally Intelligent Leader and this may be the greatest misunderstanding and risk to sustainable success.