The Finance Hierarchy of Needs

 

Nicolas Boucher• 2ndI teach Finance Teams how to use ChatGPT - Keynote speaker on AI for Finance & FP&AI teach Finance Teams how to use ChatGPT - Keynote speaker on AI for Finance & FP&A

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The Finance Hierarchy of Needs is adapted from the famous Pyramid of Maslov.

Applied to finance it means to satisfy the basic activities first.
Then move up the ladder toward value-added work.

If you want to talk about your 2024 objectives with your team, this is a great visual to start with!

1. Accurate & Timely Reporting
- Maintain rigorous data integrity.
- Streamline report generation processes.
- Meet all reporting deadlines.

2. Compliance & Control
- Implement strong internal control frameworks.
- Regularly audit financial transactions.
- Adhere to relevant financial regulations.

3. Cost Management & Efficiency
- Optimize operational costs.
- Implement efficient financial processes.
- Regularly review and refine budget allocations.

4. Strategic Planning & Analysis
- Develop comprehensive financial forecasts.
- Advise on investment and funding opportunities.
- Align financial strategies with corporate goals.

5. Value Creation & Innovation
- Identify and implement innovative financial solutions.
- Optimize investment portfolios for value addition.
- Proactively contribute to strategic financial decisions.

👉 Where are you on this pyramid?

_______

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Prepare for a Presentation

 

How can you prepare for a presentation to avoid conflicts?

Powered by AI and the LinkedIn community

1

Know your audience

2

Define your purpose and goals

3

Use clear and respectful language

4

Practice and rehearse

5

Be prepared for feedback

6

Here’s what else to consider

Khairi Omer, PMP® ,PSM™, LSSWB™, Six Sigma

PMO & Project Manager @ Ajman Municipality

To prepare a presentation and minimize the potential for conflicts, consider the following tips: 1. **Clear Objectives:** Define clear objectives for your presentation to ensure a focused and purposeful message. 2. **Know Your Audience:** Understand your audience's expectations, preferences, and potential sensitivities. 3. **Neutral Tone:** Use a neutral and inclusive tone, avoiding language that may be divisive or polarizing. 4. **Thorough Research:** Back your points with thorough research and reliable sources to build credibility. 5. **Anticipate Questions:** Consider potential questions or concerns your audience might have and address them proactively.

Know your audience

Before you design your presentation, you need to know who you are speaking to and what they want to hear. Research your audience's background, interests, needs, and preferences. This will help you tailor your content, tone, and style to suit them and avoid offending or boring them. You can also anticipate potential questions or objections and prepare your answers in advance.

Define your purpose and goals

Another way to avoid conflicts is to have a clear purpose and goals for your presentation. What do you want to achieve? What do you want your audience to do, think, or feel after listening to you? How will you measure your success? By defining these aspects, you can create a coherent and persuasive presentation that aligns with your audience's expectations and values. You can also communicate your purpose and goals at the beginning and end of your presentation to remind your audience why they should pay attention and care.

Use clear and respectful language

The way you use language can also affect how your audience perceives and responds to your presentation. To avoid conflicts, you should use clear and respectful language that avoids ambiguity, jargon, or slang. You should also avoid making assumptions, generalizations, or judgments that may offend or alienate your audience. Instead, use facts, evidence, and examples to support your points and show respect for different opinions and perspectives. You can also use positive and inclusive language that builds rapport and trust with your audience.

Practice and rehearse

Practicing and rehearsing your presentation can also help you avoid conflicts by improving your confidence, delivery, and timing. You can practice by yourself or with a friend or colleague who can give you feedback and suggestions. You can also record yourself and watch or listen to your performance to identify and correct any errors or weaknesses. By practicing and rehearsing, you can polish your presentation and ensure that you convey your message clearly and effectively.

Be prepared for feedback

Finally, you should be prepared for feedback from your audience, whether it is positive, negative, or neutral. Feedback is an opportunity to learn, improve, and engage with your audience. To avoid conflicts, you should listen actively and attentively to the feedback, acknowledge and thank the person who gave it, and respond politely and constructively. You should also avoid being defensive, aggressive, or dismissive of the feedback, even if you disagree with it. Instead, you should try to understand the feedback and address it in a respectful and professional manner.