Business Acumen is a comprehensive portfolio of hard and soft skills, knowledge, and insights into various aspects of strategy, business planning, finance and operations that increase your overall business literacy and enable you to leverage the learned talent cultivated over time to add value to the organization that employs you.
Through this Business Acumen workshop you will improve your judgment and decisiveness skills. You will be able to see the big picture and recognize that all the decisions you make, no matter how small they may be, can impact the bottom line. You will definitely increase your financial literacy and improve your business sense.
This eight-hour Business Acumen course will help you recognize learning events, manage risk better, and increase your critical thinking. Business Acumen has the ability to positively influence your whole organization, and provide that additional edge that will lead to success.
PS. This workshop content may be customized depending on the participants’ background and time available for discussion and case studies.
Outline
1: Seeing the Big Picture
Short and Long Term Interactions
Recognize Growth Opportunities
Mindfulness of Decisions
Everything is Related
2: KPI’s
Decisiveness
Flexible
Strong Initiative
Intuitive
3: Risk Management Strategies
Continuous Assessment
Internal and External Factors
Making Adjustments and Corrections
Knowing When to Pull the Trigger or Plug
4: Recognizing Learning Events
Develop a Sense of Always Learning
Evaluate Past Decisions
Problems are Learning Opportunities
Recognize Your Blind Spots
5: Need to Know
What Makes My Company Money?
What Were Sales Last Year?
What is our Profit Margin?
What Were Our Costs?
6: Financial Literacy (A)
Assets
Financial Ratios
Liabilities
Equity
7: Financial Literacy (B)
Income Statement
Balance Sheet
Cash Flow Statement
8: Business Acumen in Management
Talent Management
Change Management
Asset Management
Organizational Management
9: Critical Thinking in Business
Ask the Right Questions
Organize the Data
Evaluate the Information
Make the Decision
10: Key Financial Levers
Investing in People
Effective Communication
Process Improvement
Goal Alignment
11: Wrapping Up
Words from the Wise
Lessons Learned
Completion of Action Plans and Evaluations