Business visualization: a new way to communicate financial information
Purpose - This article introduces a new way of presenting financial results, information and priorities as a dynamic three-dimensional, colorful and live landscape that provides a rich, deep understanding of business on a conceptual level.Design methodology approach - The article demonstrates how bu...
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Veröffentlicht in: | Business strategy series 2007-05, Vol.8 (4), p.283-292 |
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Hauptverfasser: | , |
Format: | Artikel |
Sprache: | eng |
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Online-Zugang: | Volltext |
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Zusammenfassung: | Purpose - This article introduces a new way of presenting financial results, information and priorities as a dynamic three-dimensional, colorful and live landscape that provides a rich, deep understanding of business on a conceptual level.Design methodology approach - The article demonstrates how business visualization facilitates the communication of the financial results for individual companies, as well as for comparing companies and for following a company through time.Findings - Business visualization does not replace the use of traditional financial statements, but complements them to give a sense of relationships and priorities. It provides the tangible, concrete representation people need for a conceptual grasp of the big picture as a prerequisite for understanding the meaning inherent in abstract numbers.Practical implications - Business visualization makes big-picture financial information understandable to everyone, promoting buy-in, credibility, effective decision-making and training. It facilitates competitive analysis, provides a competitive edge, assists in global communication and the identification of trends, and generally increases speed and accuracy of communication.Originality value - The article introduces a completely new way of communicating financial information. |
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ISSN: | 1751-5637 1751-5645 |
DOI: | 10.1108/17515630710684330 |