Description
Through our Business Acumen workshop, your participants will improve their judgment and decisiveness skills. 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. Your participants will increase their financial literacy and improve their business sense. Business Acumen will give your participants an advantage everyone wishes they had. The workshop will help your participants recognize learning events, manage risk better, and increase their critical thinking. Business Acumen has the ability to influence your whole organization, and provide that additional edge that will lead to success.
Designed for
- Senior Managers, Entrepreneurs and Business Managers.
- Those looking to step up in their careers and take decisions and understand the big picture in business operations, especially if you are starting a business.
Learning Objectives
By the end of this workshop, you should be able to: 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.
Getting Started
Just to make sure the experience is as smooth as possible we’d like to suggest a couple of things you may or will need to get on with the course:
- While we are happy for anyone to enrol in the course, we suggest that you should be at least managing/leading a team (big or small) or preparing for a role that requires your leadership skills
- Internet connection is a big must
- Readiness to learn, remember this is about you and so you need to be ready to take time to yourself and motivate yourself
- Maybe something to write some notes down or ideas, but don’t worry the course documents can be downloaded at the end of the course for you to review and use at any time
Have fun!
The Course Outline
Seeing the Big Picture
What’s in it for me: The key to having business acumen is seeing the big picture – what makes up the business, recognizing its growth opportunities, making mindful decisions and how it is interrelated.
Case Study: 1 Review Questions:1
KPIs (Key Performance Indicators)
What’s in it for me: Learn about building KPIs, what are the decisions around them and how to make them flexible, intuitive and have a basis.Case Study: 1 Review Questions:1
Risk Management Strategies
What’s in it for me: This section looks at risk strategies and building in continuous assessment, defining internal and external factors and making corrections and adjustments when issues happen. Know when to pull the trigger or build your strategy more.
Case Study: 1 Review Questions:1
Recognizing Learning Events
What’s in it for me: Develop a sense of Always Learning in this section. Business Acumen is an ongoing journey of situations and scenarios change all the time. Evaluate post decisions and look into problems and learning opportunities by recognizing your blind spots.
Case Study: 1 Review Questions:1
Get to Know These Answers and More
What’s in it for me:Think about this, what makes a company Money? How are sales performed and to what extent does a sale apply to the revenue, profit margin and costs? These are all aspects of financial flows in a company and you will learn how to see what makes a company real money – then develop your decisions around it.
Case Study: 1 Review Questions:1
Know your Financial Literacy
What’s in it for me:You cannot run a business without knowing the basics of financial accounts and how they relate. Take a look at Assets Financial Rations, Liabilities, Equity and more.
Case Study: 1 Review Questions:1
Get to know your Financial Accounts
What’s in it for me: Here we explain the basics of Financial accounts, the income statement, balance sheet and Cash Flow statements. Once you grip your hands around these, money management will make sense.
Case Study: 1 Review Questions:1
Business Acumen in Management
What’s in it for me: Running a business goes beyond just finances. Learn about managing resources, changes, assets and organizational movement. Use our case study to apply a scenario.
Case Study: 1 Review Questions:1
Critical Thinking in Business
What’s in it for me: Business Acumen means having critical thinking at times of need. Learn to ask the right questions, organize data in a readable manner and evaluate the information so you can make the right decisions.
Case Study: 1 Review Questions:1
What are the key Financial Levers
What’s in it for me: Get to grips with learning about business and the role of people. Learn Investment strategies for people, how effective communication drive progress, the process of improvement and have goals aligned. All these are important factors in business management.
Case Study: 1 Review Questions:1
Closing up the course
What’s in it for me: You’ve done it, well done! But don’t stop here. Let’s summarize all you have learnt and remember knowledge is no good kept in a cupboard. Implement what you have learnt, try the tools and see the outcome until you find a combination that works for you! Congratulations we know you got what it takes to make a great leader!
Case Study: 1 Review Questions:1
