An ESOP-owned business I work with is thinking through the qualities they should look for in a new financial manager. Our business education and coaching do a great job of helping people understand how their work is connected to performance. It becomes meaningful for performance improvements when it is linked to metrics and measures that reflect business goals. For some financial managers, this is an exciting opportunity to develop meaningful key performance indicators for managing the business . Business education can “tee up” this kind of financial manager for a deeper conversation about performance. [spacer]
An ESOP company that is building a “culture of ownership” can reach the next level with real time information that helps employees to track “how we are doing.” For some companies this means tweaking the role the finance and accounting function plays in their company.