COURSE OVERVIEW
In our Business Acumen workshop, participants will enhance their judgment and decision-making skills. They will gain a holistic understanding of how every decision, no matter how small, impacts the overall business performance. By improving financial literacy and developing business sense, participants will gain a competitive advantage.
Business Acumen training offers invaluable benefits that everyone desires. Participants will learn to identify learning opportunities, effectively manage risks, and enhance critical thinking abilities. This comprehensive workshop has the power to positively influence the entire organization and provide the extra edge needed for success.
COURSE OUTLINE
Module One: Getting Started
- Housekeeping Items
- The Parking Lot
- Workshop Objectives
- Pre-Assignment
- Action Plans and Evaluations
Module Two: Seeing the Big Picture
- Short and Long Term Interactions
- Recognize Growth Opportunities
- Mindfulness of Decisions
- Everything is Related
- Case Study
- Module Two: Review Questions
Module Three: KPI’s (Key Performance Indicators)
- Decisiveness
- Flexible
- Strong Initiative
- Intuitive
- Case Study
- Module Three: Review Questions
Module Four: Risk Management Strategies
- Continuous Assessment
- Internal and External Factors
- Making Adjustments and Corrections
- Knowing When to Pull the Trigger or Plug
- Case Study
- 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
- Case Study
- 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?
- Case Study
- Module Six: Review Questions
Module Seven: Financial Literacy (I)
- Assets
- Financial Ratios
- Liabilities
- Equity
- Case Study
- Module Seven: Review Questions
Module Eight: Financial Literacy (II)
- Income Statement
- Balance Sheet
- Cash Flow Statement
- Read, Read, and Read
- Case Study
- Module Eight: Review Questions
Module Nine: Business Acumen in Management
- Talent Management
- Change Management
- Asset Management
- Organizational Management
- Case Study
- Module Nine: Review Questions
Module Ten: Critical Thinking in Business
- Ask the Right Questions
- Organize the Data
- Evaluate the Information
- Make the Decision
- Case Study
- Module Ten: Review Questions
Module Eleven: Key Financial Levers
- Investing in People
- Effective Communication
- Process Improvement
- Goal Alignment
- Case Study
- Module Eleven: Review Questions
Module Twelve: Wrapping Up
- Words from the Wise
- Review of Parking Lot
- Lessons Learned
- Completion of Action Plans and Evaluations
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