Business Acumen

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01 Jan

Business Acumen

Business Acumen

Friday, January 1, 2021 (12:00 AM) to Friday, December 31, 2021 (11:59 PM)
1.5 PDCs
Provider: Tools 2 Succeed, Inc.
Course Name: Business Acumen


Program Type: Videoconferences, webcasts, audiocasts, podcasts, eBooks, self-directed E-Learning
Registration URL: http://www.toolscredit.com

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Many people believe you are born with business acumen which is loosely defined as the ability to assess an external market and make effective decisions. Knowing what is necessary to navigate and create a successful business seems innate for certain people. For example, Steve Jobs showed great business acumen. Fortunately, it is possible for the rest of us to improve business acumen. The right training combined with experience will improve your business savvy. Business acumen requires an understanding of finance, strategy, and decision-making. Most managers and employees, however, are responsible for specific areas, and they have little understanding of the impact their decisions have on other areas. When too much focus is placed on one aspect of the business, it is difficult to make decisions for the good of the company. In order to make effective decisions, it is necessary for you to examine the big picture. Objectives: • Know how to see the big picture • Develop a risk-management strategy • Know how to practice financial literacy • Develop critical thinking • Practice management acumen • Find key financial levers