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Application: Communicating Financial Performance
Today's organizations can be very large and complex. As a result, many people within the organization may not have a clear vision of how their role contributes to the overall value of the organization or an understanding of the financial metrics used to measure their performance and that of their department. As a manager, you must be able to communicate your organization's financial condition in clear language to direct reports and frontline employees.
To prepare for this week's Assignment, imagine that you are the manager of a bottling distribution center for Pepsi and your department subordinates have been asking you about Pepsi's financial condition and competitive position. In order to answer their questions, complete the following steps:
With the information you collected from the website, write a brief script to explain Pepsi's financial situation to your subordinates. Be sure to write in a relatable way. Assume that some of the people on your team on the bottling line may not understand financial terms like assets, liabilities, net income, etc.
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