Financial Literacy (Part 3): The Strategic Cube Method

At every meeting, HR Avant-Garde reminds its members that mere acquisition of knowledge is not what enables us to professionally excel. Professional excellence happens when that knowledge is applied to profoundly change how we approach our profession.

Our two previous posts and 18 minute webinars provided financial literacy for the income statement, balance sheet and cash flow statement. We now present how to use this knowledge to improve the quality of your professional life.

We introduce a new approach to apply financial knowledge to business strategy by presenting the Strategic Cube Methodology.

This quick time-to-market approach has served several professional pursuits:

  • Reaching for Job Interview: Many candidates scour the internet to repeat back to the interviewer what they already know about their own company. Instead, imagine the power of a candidate concluding her interview after articulating something strategically applicable about the company.
  • Analyzing the Competition: Reverse engineer your competitor’s public financial documents to determine their strategy.
  • Quarterly Strategic Review: Identify any gaps between a company’s mission statement and its tactical execution. This is known as strategic drift.
  • Positioning your Startup Company: Target lagging metrics to ensure they match intended strategy and measure how closely both stay on track.

In eighteen minutes, learn The Strategic Cube Method and, perhaps, come up with ideas on how to build and customize your own!

Vincent Suppa works with startups and investors and teaches graduate courses at New York University. His email is suppa@suppa.org.

© Vincent Suppa 2016