Developing Business Acumen
2.25 Credits
12 Lessons
Course Overview
Course Curriculum
12 lessons1Module 1: Introduction to Business Acumen5 topics
- Introduction to Business Acumen
- What is Business Acumen?
- Importance of Business Acumen for Leaders
- Key Components of Business Acumen
- Course Objectives and Outcomes
2Module 2: Understanding Financial Statements6 topics
- Understanding Financial Statements
- Overview of Financial Statements
- Income Statement Components
- Balance Sheet Components
- Cash Flow Statement Components
- Analyzing Financial Statements for Decision Making
3Module 3: Financial Ratios and Metrics6 topics
- Financial Ratios and Metrics
- Importance of Financial Ratios
- Profitability Ratios
- Liquidity Ratios
- Solvency Ratios
- Efficiency Ratios
4Module 4: Strategic Planning and Execution6 topics
- Strategic Planning and Execution
- Overview of Strategic Planning
- Vision, Mission, and Values
- SWOT Analysis
- Setting SMART Goals
- Implementing and Monitoring Strategy
5Module 5: Market Analysis and Competitive Intelligence6 topics
- Market Analysis and Competitive Intelligence
- Understanding Market Analysis
- Key Market Analysis Tools (PESTLE, Porter's Five Forces)
- Competitive Analysis Techniques
- Market Segmentation and Targeting
- Utilizing Competitive Intelligence for Decision Making
6Module 6: Operational Excellence6 topics
- Operational Excellence
- What is Operational Excellence?
- Lean Management Principles
- Six Sigma Methodology
- Continuous Improvement Strategies
- Case Studies of Operational Excellence
7Module 7: Leadership and Decision Making6 topics
- Leadership and Decision Making
- The Role of Leadership in Business Acumen
- Decision Making Models and Tools
- Risk Management in Decision Making
- Ethical Decision Making
- Case Studies in Leadership Decision Making
8Module 8: Customer and Market Focus6 topics
- Customer and Market Focus
- Customer Focus Strategies
- Understanding Customer Needs and Wants
- Customer Relationship Management (CRM)
- Building Customer Loyalty and Retention
- Assessing Market Trends
9Module 9: Innovation and Change Management6 topics
- Innovation and Change Management
- Role of Innovation in Business Success
- Fostering an Innovative Culture
- Change Management Strategies
- Overcoming Resistance to Change
- Measuring the Impact of Change
10Module 10: Negotiation and Persuasion Skills6 topics
- Negotiation and Persuasion Skills
- Importance of Negotiation Skills
- Steps in the Negotiation Process
- Negotiation Tactics and Strategies
- Persuasion Techniques for Leaders
- Real-World Negotiation Scenarios
11Module 11: Developing Strategic Partnerships6 topics
- Developing Strategic Partnerships
- Importance of Strategic Partnerships
- Identifying Potential Partners
- Building and Maintaining Partnerships
- Leveraging Partnerships for Growth
- Case Studies of Successful Partnerships
12Module 12: Measuring and Analyzing Performance6 topics
- Measuring and Analyzing Performance
- Key Performance Indicators (KPIs)
- Developing a Performance Measurement Framework
- Analyzing Performance Data
- Using Performance Data to Drive Improvement
- Continuous Performance Management
What You'll Learn
- Comprehensive coverage of key HR concepts
- Practical applications and real-world scenarios
- Best practices and compliance requirements
Course Completion Award
Certificate of Completion
Downloadable PDF certificate
Categories
Business