Applying business concepts to daily life is a valuable lesson I learned early in my career. By implementing this approach successfully, these concepts can positively impact various aspects of life. My journey on this began with goal setting.
As a young financial analyst years back (oh, I miss those days), we would do planning for the entire organisation, moving across all functions and their elements and planning how we want the following year to be in terms of volume, pricing, costs, expenses, capex etc. This goes through many layers of iterations until it is finally approved and becomes ‘locked’.