Business Acumen

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.

Course Objectives

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

Course Outline

Seeing the Big Picture

Short and Long Term Interactions

Recognize Growth Opportunities

Mindfulness of Decisions

Everything is Related

KPIs (Key Performance Indicators)

Decisiveness

Flexible

Strong Initiative

Being Intuitive

Risk Management Strategies

Continuous Assessment

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

Coverage Ratios

Leverage Ratios

Calculating Return on Investment (ROI)

Understanding Budgets

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)

Assets

Financial Ratios

Liabilities

Equity

Financial Literacy (II)

Income Statement

Balance Sheet

Cash Flow Statement

Read, Read, and Read

Business Acumen in Management

Talent Management

Change Management

Asset Management

Organizational Management

Critical Thinking in Business

Ask the Right Questions

Organize Data

Evaluate the Information

Make the Decision

Key Financial Levers

Investing in People

Effective Communication

Process Improvement

Goal Alignment

Download this outline as a PDF.

Business Acumen Outline – Full Day