Geologists tend to be among the most engaged and enthusiastic scientists employed by private industries. We love to explain earth processes and use technical data to make predictions, but all too many of us are ignorant of the business fundamentals that drive the companies we work for. In this talk we identify the basic business concepts like cash flow, rate of return, risk analysis, debt management and product marketing that technical employees should know when working for a profit-driven company. The talk also addresses how to balance technical and financial inputs when making a recommendation. We will finish by reviewing how expanded opportunities in leadership, job scope and employment locations are tied to the ability to tie technical excellence to business acumen.
Geologists tend to be among the most engaged and enthusiastic scientists employed by private industries. We love to explain earth processes and use technical data to make predictions, but all too many of us are ignorant of the business fundamentals that drive the companies we work for. In this talk we identify the basic business concepts like cash flow, rate of return, risk analysis, debt management and product marketing that technical employees should know when working for a profit-driven company. The talk also addresses how to balance technical and financial inputs when making a recommendation. We will finish by reviewing how expanded opportunities in leadership, job scope and employment locations are tied to the ability to tie technical excellence to business acumen.