Just the words ‘corporate finance’ rings of something boring and businessy! Yet the MBA course on this has been surprisingly interesting. Fascinating, even. One big learning point for me has been the inaccuracy of the financial metrics that are used within the finance sector. Yet this doesn’t stop professionals from using them. They are aware of the caveats and assumptions in their metrics and they then work with that.
Of course, these issues were partly brought about by the financial crisis. Putting that elephant in the room aside, this approach is a pragmatic one and one that we need to learn from in the environmental sector. We often allow the perfect to be the enemy of the good - where we look for the perfect metric and won’t use anything that doesn’t fit with our rigorous frameworks.
I’m not advocating that we throw rigour out of the window, but instead remember that we need to move forward. Our environment is continuing to be degraded and we, as a sector, spend too much time agonising over the science and metrics that we apply. So let’s embrace some of the uncertainty in our metrics and focus on the end goal of our work – impact – rather than spending ridiculous amounts of time on debating and developing the best metrics the world has ever seen.
We Are All Wonder Women Co-founder Eugenie is currently studying for an Executive MBA at the University of Cambridge. This is one is a series of blogs she is writing giving insight into some of her learning from the course which she hopes will help other Wonder Women at work.
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Photo courtesy of Mark Leslie
We Are All Wonder Women is an international movement for female conservation professionals to be inspired, connected, and empowered to create an authentic, fulfilling and happy career.