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course

Business Acumen for Leaders

Having business acumen means understanding how your business operates. If you are interested in moving up in an organization, you need to understand what your organization's competitive advantage is, what drives performance, and how you compete against other organizations. This knowledge helps you exercise good judgment when making business decisions. This online course explains the most common business topics and terms you need to be familiar with—business models, financials, strategy, sales and marketing, and other key concepts.

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Audio English
Folder lesson (60 mins)
course

Business Acumen for Leaders

Having business acumen means understanding how your business operates. If you are interested in moving up in an organization, you need to understand what your organization's competitive advantage is, what drives performance, and how you compete against other organizations. This knowledge helps you exercise good judgment when making business decisions. This online course explains the most common business topics and terms you need to be familiar with—business models, financials, strategy, sales and marketing, and other key concepts.

Popularity
5 stars rating 5 stars rating 5 stars rating 5 stars rating 5 stars rating 5 stars rating

What you'll learn

The Certificate in Business Acumen for Leaders Course will teach you:
check-circle Define and explain business acumen. check-circle Describe different types of growth horizons. check-circle Identify critical elements of knowing your business. check-circle Explain the effects of price changes on profits. check-circle List common growth methods. check-circle Evaluate your initiative pipeline. check-circle Define common business terms. check-circle Assess trends and your competitive environment. check-circle Explore the characteristics of a SMART goal. check-circle List several business benefits of good customer service. check-circle Identify common financial documents. check-circle Review common financial analysis methods. check-circle Recall the three common approaches to continuous process improvement. check-circle Identify the differences between strategic, tactical, and operational goals.

Course Description

Being a great leader means being able to exercise and hone a number of crucial skills. Building and leading great teams, building an inspiring vision and aligning with strategy are certainly key attributes, but what about the ability to make effective decisions? This is where business acumen comes in. Business acumen is loosely defined as the ability to assess an external market and make effective decisions. This course introduces the areas where a leader needs to gain a deeper insight such as costs, profit margins, cash flow, market position, competition etc. to improve their business acumen.