Business Acumen Training
This course will help participants recognize learning events, manage risk better, and increase their critical thinking.
Business acumen, also referred to as commercial or financial acumen, is defined as an intuitive and applicable understanding of how a company makes money and is critical to effective strategy execution.
Knowing what is necessary to navigate and create a successful business seems innate for certain people.
Fortunately, it is possible for the rest of us to improve business acumen. The right training combined with experience will improve your business savvy
Business Acumen is all about seeing the big picture and recognizing that all decisions no matter how small can have an effect on the bottom line.
Business Acumen will give your participants an advantage everyone wishes they had.
• Know how to see the big picture
• Develop a risk management strategy
• Know how to practice financial literacy
• Develop critical thinking
• Practice management acumen
• Find key financial levers.
Module One: Getting Started
Module Two: Seeing the Big Picture
Short and Long Term Interactions
Recognize Growth Opportunities
Mindfulness of Decisions
Everything is Related
Module Two: Review Questions
Module Three: KPIs (Key Performance Indicators)
Module Three: Review Questions
Module Four: Risk Management Strategies
Internal and External Factors
Making Adjustments and Corrections
Knowing When to Pull the Trigger or Plug
Module Four: Review Questions
Module Five: Recognizing Learning Events
Develop a Sense of Always Learning
Evaluate Past Decisions
Problems Are Learning Opportunities
Recognize Your Blind Spots
Module Five: Review Questions
Module Six: You Need to Know These Answers and More
What Makes My Company Money?
What Were Sales Last Year?
What is Our Profit Margin?
What Were Our Costs?
Module Six: Review Questions
Module Seven: Financial Literacy (I)
Module Seven: Review Questions
Module Eight: Financial Literacy (II)
Cash Flow Statement
Read, Read, and Read
Module Eight: Review Questions
Module Nine: Business Acumen in Management
Module Nine: Review Questions
Module Ten: Critical Thinking in Business
Ask the Right Questions
Evaluate the Information
Make the Decision
Module Ten: Review Questions
Module Eleven: Key Financial Levers
Investing in People
Module Eleven: Review Questions
Module Twelve: Wrapping Up
Words from the Wise
9: Critical Thinking in Business
10: Key Financial Levers