Author Archives: Mike Urness

Using Empathy to Gain Insights

Business Strategies

Empathy can sometimes be seen as a spiritual practice, even a sign of weakness, with little place in the realms of business.
However, by adopting an empathetic perspective, we are far better able to navigate difficult conversations, company communication and problem-solving discussions. It is often our fixed perspective that can stand in the way of resolutions, so by bringing some empathy into your process, you can view issues from a greater viewpoint, illuminating the problem as a whole and helping you to understand why some of your team may not be able to agree with your opinion – or vice versa.
Far from a weakness, empathy can be a powerful tool in your management arsenal. Learn more in my latest problem-solving blog for business managers.

Practice Functional Curiosity, Not Judgement

Functional Curiosity

Great problem solvers are made, not born. We have found after decades of problem solving with leaders across business and non-profit sectors these leaders tend to have a common mindset and set of strategies; they learn to adopt a particularly open and curious mindset, and adhere to a systematic process for resolving even the most challenging problems. And when conditions of chaos and uncertainty exist, they are at their best.
Five mutually reinforcing problem solving strategies seem to underly their success.

Problem Solving Strategies Every Financial Manager Should Apply

Problem Solving

Great problem solvers are made, not born. We have found after decades of problem solving with leaders across business and non-profit sectors these leaders tend to have a common mindset and set of strategies; they learn to adopt a particularly open and curious mindset, and adhere to a systematic process for resolving even the most challenging problems. And when conditions of chaos and uncertainty exist, they are at their best.
Five mutually reinforcing problem solving strategies seem to underly their success.

As a Business Leader, Why Set Financial Goals? | Part 1

Financial Goals

It’s difficult to lead effectively in today’s complex and rapidly changing business environment. Leaders are asked to do more and more with less. By setting financial goals, you can avoid feeling overwhelmed and out of control. Setting company, team and financial goals can be a game changer by providing some basic measurement sticks and feedback […]

Creating Better Financial Control – Discipline #5 for Managing Your Company Finances 

Financial Management

Did you know that some 95 percent of business leaders are less than impressed with the cost-to-service value of their accountant’s financial management services?    We have a great deal of respect for accountants and value their position both to us as a company and within the mechanics of a business. However, this consistent area […]

Using a Company Performance Scorecard – Discipline #4 for Managing Your Company Finances 

Company Performance

Compared to the other critical Management Disciplines we have discussed, monitoring a practical Company Performance Scorecard is a less known, and less implemented concept. This article focuses on the what, why, and how of creating and using a Company Performance Scorecard helps you to monitor, analyse, and control your finances for improved tax returns, better […]

Effective Management Meetings – Discipline #3 for Managing Your Company Finances 

Management Meeting

Management Meetings, like many of the fundamental business strategies, are often regarded as not particularly valuable. This article focuses on the strategies required to make an Effective Management Meeting the linchpin of your financial control. As a quick reminder, there are five core disciplines business leaders should ensure are well implemented and maintained for a […]

Your Business Accountability Chart – Discipline #2 for Managing Your Company Finances 

Business Accountability

Let me introduce you to the second discipline of better financial management: using a Business Accountability Chart. In our previous article, The Discipline of Company Financial Planning, we proposed the value of consistent planning, strengthening your team’s ability to understand, evaluate and manage your company’s finances. This was the first of the five vital disciplines […]