Business Acumen For Leaders
- 1 Day Course
- Language: English
Introduction:
A business is more than a building and assets; it requires you to understand the intricate details of the way your organization runs effectively. It also requires you to have the financial and procedural intellect and leadership awareness to make sound decisions that affect several areas of your organization.
Private classes on this topic are available. We can address your organization’s issues, time constraints, and save you money, too. Contact us to find out how.
This course has been approved for 7 PDUs | 7 CDUs
Objectives:
Recognize the importance of the big picture in business planning
Leverage financial information to make sound business decisions
Identify the importance of other financial levers to your business
Understand the connection of how current markets affect our processes
Align organizational systems from the top, down and the bottom, up
Course Outline:
1. Gaining a Wider Perspective of Your Organization
- Understanding business acumen
- Improving long- and short-term interactions
- Gaining political capital in your organization
- Finding and recognizing growth opportunities
- Making mindful decisions that impact business
2. Understanding the Importance of Numbers in the Business
- Knowing the numbers that define success
- Developing, defining, and reporting key performance indicators (KPIs)
- Understanding sales, costs, and profit margin
- Monitoring assets, liabilities, equity, and financial ratios
- Reviewing income statements, balance sheets, and cash flow statements
3. Management Considerations for Process Improvement
- Asking the right questions
- Implementing the DECIDE model to work through difficult decisions
- Understanding the value of markets
- Leading with customer and market insights based on industry
- Conducting a SWOT analysis to determine process improvement
4. Organizational Management and Alignment
- Organizational management defined
- Understanding the importance of interdepartmental systems
- Applying systems thinking
- Applying business ethics to every decision made
- Understanding the impact of technology on ethics
- Managing and aligning talent through all levels of the organization
Enroll in this course
$1,077.26