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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.
The Course has 12 Modules with reviews. Each Module should take at least 30 to 60 minutes to work through for maximum benefit, and the reviews should be successfully completed to benefit from the course.
This Course includes a Certificate.
Use your Talent to greatly improve your skills by embarking on our excellent eLearning Courses.
Business Acumen eLearning Course Modules
Module One: Getting Started
Workshop Objectives
Pre-Assignment
Module Two: 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 Three: KPIs (Key Performance Indicators)
Decisiveness
Flexible
Strong Initiative
Being Intuitive
Case Study
Module Three: Review Questions
Module Four: Risk Management Strategies
Continuous Assessment
Internal and External Factors
Making Adjustments and Corrections
Knowing When to Pull the Trigger or Plug
Case Study
Module Four: Review Questions
Module Five: Recognising 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 Six: 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
Module Six: Review Questions
Module Seven: Financial Literacy (I)
Assets
Financial Ratios
Liabilities
Equity
Case Study
Module Seven: Review Questions
Module Eight: Financial Literacy (II)
Income Statement
Balance Sheet
Cash Flow Statement
Read, Read, and Read
Case Study
Module Eight: Review Questions
Module Nine: Business Acumen in Management
Talent Management
Change Management
Asset Management
Organizational Management
Case Study
Module Nine: Review Questions
Module Ten: Critical Thinking in Business
Ask the Right Questions
Organise Data
Evaluate the Information
Make the Decision
Case Study
Module Ten: Review Questions
Module Eleven: Key Financial Levers
Investing in People
Effective Communication
Process Improvement
Goal Alignment
Case Study
Module Eleven: Review Questions
Module Twelve: Wrapping Up
Words from the Wise
Lessons Learned
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