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 definitely kind of feeling out some phases."
Jacqui FreyFlow and Superfluidity for Design Orgs
November 7, 2018
"Communication can either be sustenance or nourishment for you and your teams."
Laura Gatewood Laine ProkayBeyond Buzzwords: Adding Heart to Effective Slack Communication
September 23, 2024
"Research can help you identify meaningful metrics."
Johanna KollmannInsights-Driven Product Strategy: Get your Research to Count
December 6, 2022
"Good morning, good evening and afternoon everybody."
Bria AlexanderDay 3 Welcome
September 25, 2024
"If you can get all of the people in an organization rowing in the same direction, you could dominate any industry."
Billy CarlsonIdeation tips for Product Managers
December 6, 2022
"Don’t underestimate the power of storytelling in conveying users’ needs to stakeholders."
Catherine DubutBridging Physical and Digital Spaces: Approaches to Retail Service Design
March 18, 2021
"Creating intentional moments for connection is essential for a geographically distributed team."
Kim Holt Emma Wylds Pearl Koppenhaver Maisee XiongA Salesforce Panel Discussion on Values-Driven DesignOps
September 8, 2022
"The best practitioners see a biased view of their community's ability."
Adrian HowardSturgeon’s Biases
September 25, 2024
"Collaboration means involving design early and often."
Asia HoePartnering with Product: A Journey from Junior to Senior Design
November 29, 2023
