Improve Your Business Acumen

Many people believe you are born with business acumen, which is loosely defined as the ability to assess an external market and make effective decisions. Knowing what is necessary to navigate and create a successful business seems innate for certain people. For example, Steve Jobs showed great business acumen. Fortunately, it is possible for the rest of us to improve business acumen. The right training combined with experience will improve your business savvy.

Research has consistently demonstrated that when clear goals are associated with learning, it occurs more easily and rapidly. At 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

Seeing the Big Picture

  • Short and Long Term Interactions
  • Recognize Growth Opportunities
  • Mindfulness of Decisions
  • Everything is Related
  • Case Study
  • Assessment

KPIs (Key Performance Indicators)

  • Decisiveness
  • Flexible
  • Strong Initiative
  • Being Intuitive
  • Case Study
  • Assessment

Risk Management Strategies

  • Continuous Assessment
  • Internal and External Factors
  • Making Adjustments and Corrections
  • Knowing When to Pull the Trigger or Plug
  • Case Study
  • Assessment

Recognizing Learning Events

  • Develop a Sense of Always Learning
  • Evaluate Past Decisions
  • Problems Are Learning Opportunities
  • Recognize Your Blind Spots
  • Case Study
  • Assessment

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
  • Assessment

Financial Literacy (I)

  • Assets
  • Financial Ratios
  • Liabilities
  • Equity
  • Case Study
  • Assessment

Financial Literacy (II)

  • Income Statement
  • Balance Sheet
  • Cash Flow Statement
  • Read, Read, and Read
  • Case Study
  • Assessment

Business Acumen in Management

  • Talent Management
  • Change Management
  • Asset Management
  • Organizational Management
  • Case Study
  • Assessment

Critical Thinking in Business

  • Ask the Right Questions
  • Organize Data
  • Evaluate the Information
  • Make the Decision
  • Case Study
  • Assessment
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