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Want to Increase Your Value as an Employee?
on February 19, 2012
Unfortunately there is a large percentage of new hires for large companies who do not really understand what makes the company successful. Large corporations hire thousands of new employees each and every year and far too many of these employees are assigned to positions that do not allow the employee to see the big picture. Failing to really understand the big picture, how the different departments work/fit together often dooms an employee to a specialized role in the middle ranks of the company. If you want upward mobility in a company, you must understand the big picture - what drives the success of a company.
Kevin Cope, the author of Seeing the Big Picture has written an easy to read but sufficiently detailed guide for anyone to develop a much better understanding of any company.
According to Mr. Cope, there are five drivers that will allow you to see the big picture of any company. These drivers are: Assets, Profits, Growth, People and Cash. They are inter-connected, each driver influences all the others. If you understand these drivers, you will have a much better understanding of how the company works, how each employee/department contributes toward the overall goal of the company. By understanding the drivers, you can know when one is lagging and have a good idea about where to start looking for solutions.
The book is divided into two parts. Part one focuses on a detail discussion of each of the key drivers of any business. Part two focuses on explaining what goes into the financial statements of any business and how to read and understand the financial statements.
Mr. Cope explains the concepts and then uses a fictional company, Austin's Cycle Shop to illustrate the concepts. Austin's grows from a start-up company to a publicly traded company. He walks the reader through the various decision points, how and why each decision is made. This should help the average reader see more clearly the big picture, what data is necessary to make decisions and where that data comes from.
Part two - the explanation of the financial statements - is intended for those not trained in the preparation and/or reading of financial statements. If you have a good working knowledge of financial statements, you can probably skip this.
The book is intended for those readers who have never been exposed to or trained in looking at the big picture. For those readers, this is a highly valuable resource.