Business Acumen
Overview
This course covers a comprehensive range of topics essential for developing robust business acumen, from financial literacy and critical thinking to risk management and continuous learning.
Course Objectives
Each module builds on the previous one, combining theoretical knowledge with practical application to ensure a well-rounded learning experience.
Content
Getting Started
- Workshop Objectives
- Pre-Assignment
Seeing the Big Picture
- Short and Long Term Interactions
- Recognise 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
Recognising Learning Events
- Develop a Sense of Always Learning
- Evaluate Past Decisions
- Problems Are Learning Opportunities
- Recognise Your Blind Spots
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
- Organisational Management
Critical Thinking in Business
- Ask the Right Questions
- Organise Data
- Evaluate the Information
- Make the Decision
Key Financial Levers
- Investing in People
- Effective Communication
- Process Improvement
- Goal Alignment
You will learn how to
- See the big picture
- KPIs
- Risk Management Strategies
- Recognising Learning Events
- What answers do you need to know
- Financial Literacy
- Business Acumen in Management
- Critical Thinking in Business
- Key Financial Levers
Audience
No prior knowledge is needed.
Classroom and Virtual training options.
Duration
1 Day
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