In the digital age, there is no denying the importance of technology for a company's competitiveness. When I started as an entrepreneur in the automotive service business, our tools were quite traditional, namely grid notebooks and pocket calculators. Over time, we switched to digital tools like Word, Excel, e-invoices and Slack for internal communication.
Financial management has traditionally been perceived as a world of files, numbers, tables and reports, where accuracy and diligence are paramount. However, in recent years, we have seen a significant change in the way financial management is approached and work tasks are performed. Technology has stepped in and revolutionised the sector in a way never seen before.
Responsibility development programmes linked to the strategy
Business owners define an ownership strategy, which defines why they want to own the business, the direction they want the business to take, and their financial or other expectations of the business.
The Annual General Meeting also elects the Board of Directors, which is responsible for ensuring the legality and effectiveness of operations as well as strategy work. Choosing a good Managing Director is central to these.
Research shows that diverse teams, including governments, deliver better results. The essence of diversity is precisely the diversity of thinking, experiences and skills. That's why it's good to have people with a good range of different skills, experience and views on boards and other groups that make important decisions. This also allows them to see things through different lenses.
Biila grew to be the largest car delivery service platform in the Nordic countries.
The benefits of reading are undeniable and manifold. Readers learn about the world at large – its history, present, possible futures, different people, situations, cultures and events. Reader are thinkers. Reading builds emotional skills and empathy, improves writing skills, helps you structure your thoughts and express yourself in a clear and understandable way. All this is paramount for human success and happiness, because what else do we have but our thoughts and feelings, our ability to understand them and convey them to others?
At its best, a good board is a company's most valuable team: professionals who trust each other, have the courage to envision, make carefully considered, informed decisions and build scenarios to support decision-making. What kind of guidelines can be followed to find the best composition for the board?
Voland Partners Oy's first fund, Voland Technology Growth Fund I, turned one year old on October 1st. By way of celebration, it is a pleasure to stop and reminisce about Voland's early days, whose roots date back a few years.
Voland Partners, which invests in technology growth companies, was interested in a company offering corporate financial management services, which is rare in Finland.