Online Courses
Developing Business Acumen (1 hour, 7 minutes)
Having business acumen means understanding how your business operates. If you are interested in moving up in an organization, you need to understand what your organization's competitive advantage is, what drives performance, and how you compete against other organizations. This knowledge helps you exercise good judgment when making business decisions. In this course, leadership expert Mike Figliuolo explains the most common business topics and terms you need to be familiar with—business models, financials, strategy, sales and marketing, R&D, P&L, EBITDA, and other key concepts. He leads you through a series of questions that will help you understand your business better, such as:
Understanding Business (43 minutes)
Learn the foundational concepts underlying all businesses, small to large. Arizona State University professor Eddie Davila covers all the basics, explaining concepts such as how revenues and costs influence a company's profit and which teams play a key role in any organization's success. He then provides a basic explanation of how finance teams operate in a business, so that you can better understand what drives financial decisions in an organization.
Business Acumen for Project Managers (1 hour, 9 minutes)
Instructor Daniel Stanton begins the course by reviewing the key skills highlighted in the Project Management Institute (PMI) Talent Triangle, and explaining how strategy and business management fit into your professional development. Next, he explains how to align your project with the priorities of your organization, and effectively communicate the goals, benefits, and risks of your project to your stakeholders. Then, he walks through the different business functions in an organization, including marketing and sales, supply chain management, human resources, and information technology.
Finance for Non-Finacial Managers (1 hour, 23 minutes)
In this course, accounting professor Jim Stice helps you develop the financial acumen necessary to interpret financial reports and make decisions based on available data, manage inventory and receivables, create an accurate budget, and cost a product or service. Plus, learn how to analyze your customers, understand your income taxes, and communicate your contribution to the bottom line.
Guy Kawasaki on Turning Life Wisdom into Business Success (1 hour, 7 minutes)
Get career advice from a real "wise guy." In this course, based on his book Wise Guy, one of the world's leading corporate evangelists, Guy Kawasaki, talks about how he built his career. Learn how he landed his first real job in the jewelry business—which turned out to be surprisingly useful training for the tech world. Find out why some of the riskiest moves he made at Apple—disparaging a potential partner and trading jabs with Steve Jobs—paid off. Guy also reveals how taking up surfing at the age of 62 sparked a new passion. In total, Guy covers everything from moral values to business skills to parenting. As he writes, “I hope my stories help you live a more joyous, productive, and meaningful life. If Wise Guy succeeds at this, then that’s the best story of all.”
Books
The Business Acumen Handbook: Everything You Need to Know to Succeed in the Corporate World
Author: Steven Haines
Summary: The main idea behind The Business Acumen Handbook is to help managers understand the pillars of their company’s business, and to operate more effectively and efficiently. After reading this book, you'll be able to:
Understand and apply the dimensions of business acumen that focus on people, processes, projects, and products so that you can see the “big picture of business”
Incorporate finance, strategy, and performance management into your professional mindset
Develop a model for how to effectively communicate with, and influence others.
Understand complex business situations, evaluate facts and data, and make better decisions
The book is filled with tools, templates, exercises, and guidelines. It also introduces readers to their own individual business acumen assessment so that they can create a purposeful career and professional development strategy.
Seeing the Big Picture: Business Acumen to Build Your Credibility, Career, and Company
Author: Kevin Cope
Summary: Whether you're on the manufacturing floor or sitting in the corner office, you can learn how to follow the drivers through to measurable results conquering your fear of numbers. Using Kevin's simple explanations of the most important metrics presented in the income statement, the balance sheet, and the statement of cash flows, you'll be able to quickly review financial reports for signs of success or impending doom. Convincingly communicate your ideas to leaders, improve your team's performance, even launch a successful business of your own. No matter your goal, give yourself the foundational knowledge every businessperson needs, and discover new strategies for proving your value.
The Street-Smart MBA: Mastering Business Acumen Without Going To School
Author: Ian Fishwick
Summary: As we enter the world of Covid-19 and its' aftermath, there has never been a better time to go back to business fundamentals. He hopes that this book helps in a small way to the rebuilding of our economies and the rebirth of our business community. Ian shares stories and anecdotes about what he has learned from being a Managing Director and Chief Executive, for nearly three decades. This is not a textbook. Each story has a doodled image, the story itself and then a summary of the key lessons. Each story is only a few pages. You can dip in and out of the book, but many can't put it down and find themselves reading it all.The section on bank borrowing is for people who are serious about setting up a business and want to know how to deal with banks. Lessons that you rarely see anywhere else.
Better Business Acumen: A Guide to Building Corporate Savvy
Authors: Steven Cavaleri, David Freeman
Summary: Highly effective leaders understand that problems and opportunities do not exist in isolation from the other parts of the company. An underlying truth of organizational science is that any so-called solutions, new policies, or project initiatives are inextricably connected to the rest of the organization. Whether you recognize these subtle ties or not is another matter. Taking actions that ignore these connections is not only a recipe for becoming ineffective in solving problems, but it may worsen existing ones. On the other hand, highly effective leaders learn to leverage the subtle forces at play in the background of every complex problem-solving situation. This is not magic, though, at times, highly effective solutions to complex problems seem like magic. These truths are embedded in every aspect of life including medicine, public policy, sports, and companies -- from the largest to the smallest.
Quick Guides & One-Pagers
Accounts Payable Procedures: Approval procedure for all new vendors, disputed invoices, routine check request, credit memos, vendor retainage, charitable contributions, expense reports, petty cash and policies and procedures resources.
Please contact learning@nextcenturi.com with questions, suggestions or anything else related to the Manager Toolkit.