The fifth and the last core business
process
It is not exactly a step or a process
in the cycle. It is more like an overall way to analyze what/how you are doing
through each of the 4 processes on the financial level
-
Basically, you are spending money in all the 4
processes: value creation, marketing, sales, value delivery. The only part
where you are gaining money is in the sales process
The "Finance" part answers
very important questions like:
-
Where are you spending money?
-
When are you spending money?
-
How much money you are spending?
-
How much money is enough?
-
What has to be changed to continue what you are doing?
It is the part at which you figure
out what if you can keep doing that & continue to operate that business
cycle or not.
No comments:
Post a Comment