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Business Environmental Analysis: Finance's Role

Summary:

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Strategic Planning

14 Lessons

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The Different Types of Urgency Campaigns You Can Create
By Rob Stephens
About Business Environmental Analysis: Finance's Role

Business environmental monitoring gathers internal and external data that could affect a company. Business leaders and financial analysts can examine that data to identify implications for their company and develop strategies for those implications. These strategies often mitigate threats or capture opportunities. Companies that better understand their business environment can anticipate and plan for changes, build more accurate financial projections, and allocate resources more effectively.

This course focuses on the role of finance in environmental analysis. You'll learn the types of data that should be monitored by Finance. The course then explains popular models for analyzing that data.

In this course, you'll learn:

  • The steps in the environmental monitoring cycle
  • The basics and uses of common-size analysis in environmental monitoring
  • What to analyze: both internal and external, and from the industry level to the customer level
  • Sources of financial business environment information
  • Models to organize and synthesize environmental information for planning and decision-making

"Very interesting topic presented in an easy-to-understand manner." - Course Review

"Really good overview of business environmental monitoring and its purpose." - Course Review

Simple and Easy

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Environmental Analysis Basics

5 Lessons

For those who like to take notes on slides during a course, here's the slide deck and course glossary

Here is the Strategy Summary Document and the Assumption Monitoring Worksheet that I explained in the last lesson.

Models

3 Lessons

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Key Takeaways

1 Lesson

About the Teacher

Rob Stephens

Rob Stephens is the Founder of CFO Perspective, which provides continuing education courses for CPAs as well as financial management courses for business advisors and staff. He has been quoted in Forbes, U.S. News and World Report, Bloomberg Businessweek, and many other news sources. He is also the author of Conquering Cash Flow and KPIs and KPI Dashboards.

Rob has a 25-year career that includes serving as CFO, Director of Operations, and SVP of Finance. Rob is an adjunct instructor for the MBA program at Gonzaga University.

Rob holds a Masters of Science in Personal Financial Planning and a Graduate Certificate in Financial Therapy from Kansas State University. He received a B.A. in Business Administration from the University of Washington and is a CPA.

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