Random Stuff That May Be Helpful
We've attended the sessions at the d.school and we're big fans.
- WSJ: "Forget b-school. These days, d.school is the place to go."
- Fortune: Adding measurement to Design Thinking: "The Design Value Index shows that companies that embrace design understand their customers better than those that don’t." Source: Fortune
- Forbes: "Low fidelity tests are the darling of design thinking, and you have to constantly try out and toss new ideas that don’t work for customers."
Balance Sheet – #MBArefresh
Assets = Liabilities + Stockholders’ Equity
- “A balance sheet is a snapshot of a business’s financial condition at a specific moment in time… A balance sheet comprises assets, liabilities, and owners’ or stockholders’ equity. Assets and liabilities are divided into short- and long-term obligations including cash accounts such as checking, money market, or government securities. At any given time, assets must equal liabilities plus owners’ equity. An asset is anything the business owns that has monetary value. Liabilities are the claims of creditors against the assets of the business.” Source: INC.com
- “The balance sheet represents one date in time. The figures represent balances, and since the balances change daily, a balance sheet only represents one point in time. This contrasts with an income statement, which covers a period of time and has a “from” date and a “to” date, such as one month or a year. This is important to know when evaluating balance sheets.” Source: QuickBooks
“A Balance Sheet is a statement of the financial position of a business which states the assets, liabilities, and owners’ equity at a particular point in time. In other words, the balance sheet illustrates your business’s net worth.” Source: TheBalance.com