Bridge to Success
Business Literacy is......
The idea of a business literate workforce was first introduced by the business sage Peter Drucker in 1954. He said:
“[The worker] should know how his work relates to the work of the whole. He should know what he contributes to the enterprise…if he lacks information, he will lack both incentive and means to improve his performance.”
In today's fast-paced business environment, fostering a literate workforce is essential for success. A business literate workforce not only understands financial concepts but also communicates across various departments. By prioritizing education and learning, organizations can empower employees to make informed decisions and drive innovation. Investing in workforce literacy ultimately leads to increased productivity and a competitive edge in the marketplace.
Business literacy is simply the skill and ability of reading and writing business related materials.
Business literacy is the knowledge and understanding of the financial, accounting, sales and marketing, and other operational functions of an organization.
It refers to “Educating all employees about the firm’s business so they understand how it operates as a financial enterprise.”
Business literacy means educating the employees to make them able for using business and financial information for understanding and making decisions that assist the business achieve success.
What is a Literal Workplace?
A literate workplace is when all employees have a functional knowledge of understanding:
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the goals and objectives of the organization.
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the ways to success is measurable. It represents the ability to read, describe and understand the main measures of success for their company. In general, financial statements is one of the key measures.
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how and what to contribute to help achieve the goals and objectives, main measures, and financial goals of the organization.
Importance of Business Literacy
Imagine what happens if executives and senior managers misunderstand the concept of the company’s financial figures when they make crucial decisions for the company???
Business literacy is essential for navigating the complexities of the modern marketplace. It empowers individuals to understand financial statements, market trends, and economic principles, leading to informed decision-making. By fostering strong business literacy, organizations can enhance employee performance, drive innovation, and ultimately achieve greater success. Investing in business education not only benefits individuals but also strengthens the overall health of the business community.
A lack of financial literacy certainly will bring significant impacts to the company such as waste of financial resources and business opportunities, disruption of cash flow and even putting an end to the company.
Thus, business literacy training provides competence and essential skills for employees to strive for success.
**The Business Literacy Institute conducted a survey to assess the organizational results of business literacy training. The participants were from a cross section of industries and company sizes. The results clearly showed there were significant improvements in most of the areas as shown below:
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Knowledge of the business improved 91%
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Communication improved 91%
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Ability to share financial results improved 89%
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Information flow improved 89%
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Understanding of organizational metrics
& results increased 80%
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Decision-making improved 80%
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Expenses decreased 74%
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Other financial metrics 71%
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Trust improved 71%
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Operations/processes improved 68%
Business Linguistic Ideas are......
Business linguistics is the exploration of language within a corporate framework, concentrating on the influence of communication on organizational effectiveness. This field examines various elements such as negotiation, branding, customer engagement to promote clarity comprehension. By analyzing linguistic practices in professional environments, organizations can enhance communication and foster better relationships with external stakeholders. Adopting business linguistics can lead to more effective strategies and stronger connections across all levels of the business.
We believe language is more than words and grammar—it’s a powerful representation of a company.
Our linguistic solution includes industry focused translation, copywriting and proof-reading. We are specialized in creative text construction of food & beverage, entertainment, advertising and technical field.
