Log in or create a free Rosenverse account to watch this video.
Log in Create free account100s of community videos are available to free members. Conference talks are generally available to Gold members.
Summary
Lack of financial fluency can become a glass ceiling for product and design professionals if they aspire to become an executive. It's the common language at the board and across the C-suite. In this informal AMA, we're going to cover what you do and don't need to know when it comes to finance, how finance is critical to create alignment, the missing skill of modeling, and wherever else the audience wants to go on the topic of financial fluency.
Key Insights
-
•
Financial fluency is crucial for product managers and designers aiming for executive roles.
-
•
Finance serves as a universal language that enhances cross-domain communication.
-
•
Understanding financial metrics helps product teams align with company goals.
-
•
Financial numbers should not intimidate; they are tools for informed decision-making.
-
•
Proactive finance learning can smooth the path to senior leadership roles.
-
•
Modeling financial impacts helps clarify the value of product initiatives.
-
•
Collaboration with finance can lead to better project prioritization and resource allocation.
-
•
Recognizing the relationship between project metrics and financial outcomes is essential.
-
•
The planning process in finance cultivates deeper insights into product impact.
-
•
Focusing on both revenue generation and cost reduction is vital for sustainable growth.
Notable Quotes
"Finance is the common language that we can all speak."
"As a product person, knowing how your work connects to the finances of the business is essential."
"In using finance, beginners might feel naive, but starting is invaluable."
"Every project has a financial job to be done."
"The planning process is incredibly impactful for decision-making."
"You don't want a forecast to simply be a number; think in ranges of outcomes."
"You should start with a blank spreadsheet to encourage active thinking."
"There’s nothing in finance that isn't relevant to designers and product managers."
"Using accessible numbers helps bridge the conversation with business stakeholders."
"Every time I've neglected to connect financial implications, I've regretted it."
More Videos
"We are still figuring out how to measure the value of design."
Kristin Skinner Kamdyn MooreGroup Activity: A Deep Dive Into Value and Outcomes
October 23, 2019
"It's easy to get sidetracked by tools and processes and lose sight of your work."
Jorge ArangoThe Best of Both Worlds: How to Integrate Paper and Digital Notes (1st of 3 seminars) (Videoconference)
April 5, 2024
"Order and chaos are very different columns of modes."
Prabhas Pokharel Mayo NissenOrder and Chaos: New Ways of Collaborating on Synthesis and Storytelling
March 10, 2022
"Apple's iPhone 3GS changed the world by introducing a built-in screen reader."
Sam ProulxMobile Accessibility: Why Moving Accessibility Beyond the Desktop is Critical in a Mobile-first World
March 10, 2022
"Think about the end goals of your research at the very beginning."
Roberta Dombrowski Sam Duong WoloszynskiMaking Research a Team Sport
March 11, 2022
"This view is not anywhere in the system. No one can see all of this."
Josina VinkNavigating the pitfalls of systems thinking in service design
December 4, 2024
"We need to advocate for a design that goes beyond just immediate profit, thinking about long-term outcomes."
Angelos ArnisNavigating the Rapid Shifts in Tech's Turbulent Terrain
October 2, 2023
"Our flagship product is called Boneyard, the preeminent encrypted storage facility for canine assets."
Ted NewardTheme 4: Enterprise Organizational Journey
June 4, 2019
"If we can't make the actual playbook available, I'm happy to discuss its contents in detail."
Maria SkaadenPanel Discussion: Methodologies and Work Environments
November 8, 2018
