Many people think that business acumen is innate. However, it is defined as the ability to assess an external market and take efficient decisions, acknowledging what is necessary to move forward and create a successful business. Fortunately, it is plausible for all individuals to enhance their business acumen. The suitable training combined with some professional experience will improve your business savvy. Many managers and employees are specialized in their field and do not have a clear understanding of their decision’s impact on other areas. But, when too much focus is placed on one aspect of the business, it is difficult to make decisions for the good of the company; hence, in order to make effective decisions, it is indispensable to examine the business’s big picture.
This program gives you the needed information and skills to guarantee participant’s acknowledgement of Business Acumen. Business acumen obligates an understanding of finance, strategy, and decision-making.
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
Module 1: Seeing the Big Picture
Short and Long term Interactions
Recognize Growth Opportunities
Mindfulness of Decisions
Everything is Related
Module 2: KPI’s (Key Performance Indicators)
Module 3: Risk Management Strategies
Internal and External Factors
Making Adjustments and Corrections
Knowing When to Pull the Trigger or Plug
Module 4: Recoginizing
Develop a Sense of Always Learning
Evaluate Past Decisions
Problems Are Learning Opportunities
Recognize Your Blind Spots
Module 5: 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?
Module 6: Financial Literacy (I)
Module 7: Financial Literacy (II)
Cash Flow Statement
Read, Read, and Read
Module 8: Business Acumen in Management
Module 9: Critical Thinking in Business
Ask the Right Questions
Evaluate The Information
Make the Decision
Module 10: Key Financial Levers
Investing in People
This certification is designed for all Management level employees, supply chain/inventory management, and capacity decisions, purchasing, selling managers who are to assist in the whole picture.
The certification is accredited by Chartered Management Institute with 35 Professional Contact Hours. Participants will receive an additional certificate, besides ACAD’s Professional Certificate from Chartered Management Institute UK. For more information, visit www.managers.org.uk