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In This Step of Informal Coaching, Leaders Determine What Drives

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In this step of informal coaching, leaders determine what drives their followers and where they want to go with their careers.


Definitions:

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and the government.

Generally Accepted Accounting Principles

The common set of accounting principles, standards, and procedures that companies use to compile their financial statements.

Profit-volume Chart

A graphical representation that shows the relationship between a business's profit and its volume of sales.

Total Fixed Cost

The sum of all costs that remain constant regardless of the level of production or business activity.

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