Why Attend This Training Course?

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.

What Is The Training Course Methodology?

This training course methodology depends on enabling participants to interact and exchange experiences, explore their competencies and achieve their career aspirations, using forward-thinking training arts, such as theoretical lectures and/or open discussion to exchange opinions and experiences, scenarios, innovative thinking brainstorming. Participants will receive an agenda including training material as a reference, in addition to some extra notes and booklets. 

Who Should Attend This Training Course?

This training course 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.

What Are The Training Course Objectives?

This certification gives you the needed knowledge and skills to ensure participant’s Acknowledgement of Business Acumen. Business acumen requires an understanding of finance, strategy, and decision-making. Most managers and employees, however, are responsible for specific areas, and they have little understanding of the impact their decisions have on other areas. When too much focus is placed on one aspect of the business, it is difficult to make decisions for the good of the company. In order to make effective decisions, it is necessary for you to examine the big picture.

• 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

What Is The Training Course Curriculum?

Seeing the Big Picture: A Comprehensive Overview

• Short-and long-term interactions

• Recognize growth opportunities

• Mindfulness of decisions

• Everything is related

• Pre-assessment tool

• Case study (I)

KPI’s (Key Performance Indicators)

• Decisiveness

• Flexible

• Strong initiative

• Outgoing marketing

• Risk management strategies 

• Continuous assessment

• Internal and external factors

• Adjusting and corrections

• Knowing when to pull the trigger or plug

• Case study (II)

Recognizing Learning Events

• Develop a sense of always learning

• Evaluate past decisions

• Problems are learning opportunities

• Recognize your blind spots

• What makes my company money?

• What were sales last year?

• What is our profit margin?

• What were our costs?

• Financial Literacy (I)

  • Assets

  • Financial ratios

  • Liabilities

  • Equity

• Case study (III)

• Financial Literacy (II)

  • Income statement

  • Balance sheet

  • Cash flow statement

• Case study (IV)

 Business Acumen in Management

• Talent management

• Change management

• Asset management

• Organizational management

• Critical thinking in business 

• Organize data

• Evaluate the information

• Make the decision

Key Financial Levers

• Investing in people

• Effective communication

• Process improvement

• Goal alignment

• Asking open-ended questions