Course Duration 1 Day
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.
At the end of the course participants will be able to :
- Know how to see the big picture
- Develop a risk management strategy
- Know how to practice financial literacy
- Understand budgets
- Develop critical thinking
- Practice management acumen
- Find key financial levers
Seeing the Big Picture
Short and Long Term Interactions
Recognize Growth Opportunities
Mindfulness of Decisions
Everything is Related
KPIs (Key Performance Indicators)
Risk Management Strategies
Internal and External Factors
Making Adjustments and Corrections
Knowing When to Pull the Trigger or Plug
Recognizing Learning Events
Develop a Sense of Always Learning
Evaluate Past Decisions
Problems Are Learning Opportunities
Recognize Your Blind Spots
Analysing Financial Statements (II)
Long-Term Analysis Ratios
Calculating Return on Investment (ROI)
Common Types of Budgets
What Information do I Need?
Who Should Be Involved?
What Should a Budget Look Like?
Budgeting Made Easy
Factoring in Historical Data
Gathering Related Information
Adjusting for Special Circumstances
Putting It All Together
Computer Based Methods
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?
Financial Literacy (I)
Financial Literacy (II)
Cash Flow Statement
Read, Read, and Read
Business Acumen in Management
Critical Thinking in Business
Ask the Right Questions
Evaluate the Information
Make the Decision
Key Financial Levers
Investing in People
Download this outline as a PDF.