Financial Intelligence, Revised Edition: A Manager's Guide to Knowing What the Numbers Really Mean

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Financial Literacy Strategies

If your goal is to have a financially intelligent workplace or department, your first step is to figure out a strategy for getting there. We don’t use the word strategy lightly. You can’t just sponsor a one-time training course or hand out an instruction book and expect everyone to be enlightened. People need to be engaged in the learning. The material needs to be repeated, then revisited in different ways. Financial literacy needs to become part of a company’s culture. That takes time, effort, and even a little monetary investment.

But it’s very doable. In this chapter, we’ll offer some suggestions for both smaller companies and larger ones. You don’t need to limit yourself to just one category or the other, ...