Business Acumen

Overview

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.

Module 1: Getting Started

Housekeeping Items
Workshop Objectives
Pre-Assignment
Action Plans and Evaluations

Module 2: 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 3: KPI's (Key Performance Indicators)

Decisiveness
Flexible
Strong Initiative
Intuitive
Case Study

Module Three: Review Questions

Module 4: Risk Management Strategies

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

Module Four: Review Questions

Module 5: 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 6: You Need to Know These Answers and More

What Makes Money My Company Money?
What Were Sales Last Year?
What is our Profit Margin?
What Were Our Costs?
Case Study

Module Six: Review Questions

Module 7: Financial Literacy (I)

Assets
Financial Ratios
Liabilities
Equity
Case Study

Module Seven: Review Questions

Module 8: Financial Literacy (II)

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

Module Eight: Review Questions

Module 9: Business Acumen in Management

Talent Management
Change Management
Asset Management
Organizational Management
Case Study

Module Nine: Review Questions

Module 10: Critical Thinking in Business

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

Module Ten: Review Questions

Module 11: Key Financial Levers

Investing in People
Effective Communication
Process Improvement
Goal Alignment
Case Study