Have to hand it to Ram Charan to neatly
describe what appears to take volumes
for most others…business acumen.
He published an article in Yahoo! finance
on business acumen– what every company
should know. This is important for chemists
in industry for one of the classical things
interviews seek in managers and senior level
people is business acumen.
A brief highlight of his article is that there are five
measures to understand:
- the cash position and cash flow
- both the bottom-line (net) margin and the
- the turnover of raw materials to finished goods
and the inventory
- factors to improve the return
- where is there growth.
This one looks like a keeper for start-up company