What would be some good non-financial topics to have brainstorming ideas for? For eg attracting talent, customer retention etc..
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Brainstorming practice areas
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Hi!
- Reduce time to market
- Increase product awareness
- Improve productivity
- Etc.
Hope this helps.
Best,
Anto
By “non-financial” you mean any area other than profit/revenue/cost/investment?!
The list can be a mile long to be honest. What specifically are you looking for? Here's a starter list:
- Environmental
- Organisation culture
- Diversity & Inclusion
- Employee lifecycle management (hiring, onboarding, retention etc)
- Process efficiency
- Data monetisation
- Digital Transformation
- Automation
Even for the above I have listed, you can see there will be a financial angle:
- Investment/cost required to change something/launch something/improve something
- Cost savings due to efficiency improvements
First of all, please never have a “financial” and “non-financial” bucket! This is essentially “cheating” (when someone asks what do you want to eat, do you say “meat” and “non-meat"?).
Now, in terms of non-financial, there are a ton! People, processes, tools, organization, culture, social, political, economic, environmental, etc. etc.
It's all contextual to the case, industry, and company!
These are a good start.
For candidates looking into this topic, these days you can do a lot of good practice on brainstorming with ChatGPT and you can ask it to create alternative structure types of you get a better understanding of how you could break down the same type of problem.
Adding here also a resource on different brainstorming techniques:
Best,
Cristian
Hi there, good question - I think it depends on what you are applying and what area of expertise you lack.
Some non-financial topics/horizontal capabilities I can think of are digital, organizational effectiveness, and climate and sustainability.
Feel free to ask me more.
Just skim through a business journal, it should give you a lot of ideas on things to brainstorm on (and possibly some answers as well)
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