Business Acumen Skills Course

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.