LBA 150 DEVELOPING BUSINESS ACUMEN
LBA 150 DEVELOPING BUSINESS ACUMEN
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An interactive 2-day course on improving one's business acumen for greater success
An interactive 2-day course on improving one's business acumen for greater success
Developing 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. It has the ability to influence your whole organization, and provide that additional edge that will lead to success.
This porgram will help you gain an advantage over others as it will increase financial literacy and improve business sense. In addition, you will also improve your judgment and decisiveness skills. In fact, it will help you recognize learning events, manage risk better, and increase your critical thinking. Developing Business Acumen has the ability to influence your whole organization, and provide that additional edge that will lead to success.
Objectives
Objectives
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
This Course Is For
This Course Is For
This course is for:
those in leadership and/or management
those responsible for business development
entrepreneurs, business owners and managers
anyone who needs a refresher in business and commercial acumen
Outline
Outline
Module 1: Seeing the Big Picture
Short and Long Term Interactions
Recognize Growth Opportunities
Mindfulness of Decisions
Everything is Related
Module 2: KPIs (Key Performance Indicators)
Decisiveness
Flexible
Strong Initiative
Being Intuitive
Module 3: Risk Management Strategies
Continuous Assessment
Internal and External Factors
Making Adjustments and Corrections
Knowing When to Pull the Trigger or Plug
Module 4: Recognizing Learning Events
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 - What To Know
Assets
Financial Ratios
Liabilities
Equity
Module 7: Financial Literacy - What It Means
Income Statement
Balance Sheet
Cash Flow Statement
Read, Read, and Read
Module 8: Business Acumen in Management
Talent Management
Change Management
Asset Management
Organizational Management
Module 9: Critical Thinking in Business
Ask the Right Questions
Organize Data
Evaluate the Information
Make the Decision
Module 10: Key Financial Levers
Investing in People
Effective Communication
Process Improvement
Goal Alignment
Wrapping Up
Q & A
Action Plan
If you'd like to learn more, choose the 'Buy This Course' button below and you'll be taken to the course enquiry page where you can WhatsApp us.
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