Business Acumen Skills Course
Business acumen underpins knowledge, sound decision making capabilities and having the confidence to lead your organisation or department.
Key learning outcomes
Key learning outcomes
At the conclusion of this program participants will possess the skills to:
- Overcome any psychological barriers to understand financial statements.
- Explain the 4 pillars of business acumen.
- Understand Cash Cows and Dogs.
- Analyse business case studies.
- Interpret financial statements and make informed business decisions.
- Relate business acumen to organisational success.
- Conduct an analysis of the impact of Porter’s 5 forces.
- Plan risk management strategies for development.
- Understand the GE matrix.
- Position your organisation with a meaningful business perspective.
- Test the performance of your USP.
- Get past paralysis by analysis and move to action orientated.
- Blueprint the value of your organisational activities.
- Focus on value add and end user value.
- Manage workplace performance.
- Decide if your organisational balances are optimum.
- Measure, measure, measure.
- Liquidity, debt, equity operating expenses – what does it all mean?
- Is the balance right?
Course Description
Plan of action
The term business acumen is simply the art of linking an insightful assessment of the external business world with an understanding of how money can be made. Then stakeholders develop key strategies to deliver desired results. This intelligence provides great scope to make good business judgements and quick decisions that are ultimately profitable for your organisation.
No single aspect of managerial skill is more important. If the assessments and assumptions taken are inaccurate, your organisation’s strategic positioning is likely to be misplaced. The result is developing wrong capabilities, hiring unskilled people, entering into the wrong markets and focusing energy on non-profitable activities.
This program helps participants to understand business acumen, the proven linkages that exist and the importance of developing strategic skill sets.
- How to understand business growth.
- How to manage and control cash flow.
- How to interpret financial statements.
- How to focus on value add activities.
- How to interpret pricing and costing to make effective financial decisions.
- How to make sure people are not pulling the wool over your eyes.
- How to identify cash cows and disaster zones.
- How to conduct a trend analysis.
- How to segment and target profitable market segments.
- How to understand the linkages between strategic decision making processes and the external business world.
- How to understand the importance of making sound business decisions and focusing upon key performance indicators.
- How to snowball the power of knowledge.
“You have to combine instinct with good business acumen. You just can’t be creative, and you just can’t be analytical.” – Andrea Jung
Would you like to attend this program?
For maximum effectiveness, this program is best conducted as an in-house program.
Ideal group size: 4 – 12 participants.
Venue: For your convenience, you can choose to conduct this program at your business premises. Alternatively, we can provide a training venue at a small additional cost.
Duration: This program can be adapted to meet your requirements.
Cost: Price on request.
Target Audience: Supervisors, Team Leaders and Management.
If you would like more information on this training program, please contact: Deborah Dear on 1300 323 752 or email: ddear@preftrain.com or contact us online today.
Business Acumen Skills Course 4.2 out of 5 based on 26 user ratings.
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Australia-wide training courses and workshops
At Preferred Training Networks, we provide both in-person and online training programs for a wide range of organisations across Australia. Our Business Acumen Skills Course is run by experienced, qualified experts and tailored to the needs of your business and your employees. Our leadership and management education courses are designed to help your team thrive and develop valuable skills that can transform your workplace.
With programs available in Sydney, Canberra, Melbourne, Perth, Adelaide, Brisbane and other areas of Australia, we’re able to help businesses across the country create lasting behavioural change and provide them with the tools they need to reach new heights. If you think your business would benefit from Business Acumen Skills Course and the help of our professional coaching network, take the first step and contact our team today. Wherever you are in Australia, our coaching program can either come to your organisation or we organise a venue for your convenience. Find out what our training, workshops and skills courses can do for your business and reap the benefits for years to come.
Get your free online quote right now or give us a call on 1300 323 752 to find out more about Preferred Training Networks and discuss your requirements with us.