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
Hauptverfasser: HelwegLarsen, Robin, HelwegLarsen, Eliza
Format: Artikel
Sprache:eng
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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.
ISSN:1751-5637
1751-5645
DOI:10.1108/17515630710684330