Business acumen is an understanding of what it takes for a company to create value. It involves financial literacy, which is an ability to interpret the numbers on financial statements, as well as an understanding of the business strategies that impact these numbers. Higher level of involvement, ability to think strategically and the capability to position your company’s products and services within your customers’ business context are just a few of the positive outcomes of business acumen.
Designed for people who want to sharpen their business acumen, or need to understand the business of their customers and prospects and be better able to respond to their client’s needs and requirements. This training program is based on a board-based business simulation and provides you with a unique hands-on learning approach enabling you to learn by engaging in practical business decisions.
It will equip you with a “big picture” understanding of the business implications of management decisions to help improve business performance.
Duration – Two days
Target Group
Anybody who needs to improve their business acumen, including Chief Executive Officers, Business Executives, Finance Professionals, Relationship Managers, Credit Managers, Stockbrokers, Non-finance line managers.
How you will benefit by attending this program
By attending this program, you will:
- Appreciate how financial performance is impacted by decisions
- Be able to interpret key financial statements and benchmark against industry players
- Utilise key business performance indicators to measure the success of a business
- Appreciate how daily business actions and decisions add or destroy value
- Understand the impact of a good or poor marketing strategy on business performance
- Learn how to plan and forecast to drive business performance