International Business Communication Standards (IBCS®)
65% of bad business decisions, taken during decision-making phases, stem from incorrect or misinterpreted data.
Secure decision-making thanks to communication standards: it exists, and its name is IBCS.
You need accurate, truthful, recognizable, and comparable data. The key is a “standard” called IBCS. Increase the accuracy of your decisions with the simple rules of IBCS.
INSIGHTS AT A GLANCE
"A decision is only a matter of a formality"
By standard we refer to a unified language, graph and presentation that makes business communication as clear as a green traffic light. How often have you asked yourself after a presentation of numbers, graphs and illustrations, “Does it make sense to me?” Actually, it should be that clear that a decision is only a matter of a formality.
One phenomenon of missing standards is that you keep asking yourself: “What is it about? What does it mean?”
If in a large enterprise four people are busy with the preparation of reports and do not use a unified standard, the result is a poor basis for decision-making.
"Successful decisions have a system"
What if your decision did not depend on the skill of the presentation or the courtesy of the graphics? It’s easy to say you only make decisions based on facts. But without standardized facts, it is only an emotional decision.
Every electrician would have sleepless nights if he were constantly confronted with different planning standards.
He would first need to find out what approach the architect has taken and then think about how to implement it. Without these standards, there would be no properly functioning power lines. In contrast to industry, there are established communication standards in almost all areas, on which everyone can rely internationally.
"All data, scales, facts and forecasts on one page"
You can see what it’s all about at a glance. The decision as to whether the investment makes sense or not would not have to come from the gut, but would be based on compelling facts.
Even better, you could have the presented facts checked independently, and thus have double certainty.
Insist on communication standards! These communication norms can tell the difference between success and wrong decision. Success comes to those who can rely on true, correctly presented and easily understandable data.
IBCS has the following standards that make every annual report understandable at a glance. These standards are described in SUCCESS.