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Quick Look Course Summary:Business Acumen Course
Next Public Course Date:
Length: 1 day(s)
Price (at your venue): 1 Person R 3,982.50 EX VAT 3 Person R 2,729.81 EX VAT 10 Person R 1,885.40 EX VAT
Locations & Venues: Off-site or in-house. We train in all major city centres throughout South Africa.
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Business Acumen Course: Introduction
The short way of saying Business Acumen is saying “See the big picture?” Business Acumen is largely, good insight and even better foresight. It is usually represented by Key Performance Indicators. An example of a KPI could be a power plant with its accident free days posted for workers.
Business Acumen Course :Course Outline
Business Acumen can be correctly defined as insight, good judgment, intelligence, wisdom or expertise. This course, presented by boti.co.za is specifically tailored to provide participants with the big picture in their business. It links back to all the preceding courses where we covered different aspects of the business place and learned about people skills and strengths including those skills managers need to lead. In a nutshell, business acumen will teach you how to develop a risk management strategy, how to practice financial literacy and most importantly; how to develop critical thinking skills. When starting a business any owner will tell you that their short term and long term interactions with their clients are the most important tool they have to ensure the survival of their business. Thus we will look at short term and long term interactions and how to improve existing relationships. Were sure youve heard about KPIs before, but just as a refresher we will do several activities relating to key performance and well help you tailor your KPIs to your own specific business needs, for managers we will also help you decide how best to present your key performance indicators. TIP: Decisive key performance indicators depend on three things Defining areas to monitor, identifying criteria that need to be monitored and defining the measurements of the indicators. An example everyone will relate to are KPIs in the mining industry, safety is measured by how many accident free days the mine has had. This is possible because crucial areas of safety are defined and monitored by the safety officer. Now that participants see the big picture and how every department fits in a business, we look at risk management strategies. The purpose is to recognize dangers and threats to the company and minimize them. We will teach participants the five most important risk assessment steps and then well ask our students to practice what they have learned in specific activities so that risk assessment becomes a term that is comfortable to use because students have the skills to apply them. As we defined business acumen at the top of the newsletter, we will teach our workshop participants how to develop the art of seeing everyday as a new learning experience. To cultivate the habit of learning all the time and make decisions based on new learning. This is the insight or intuitiveness of successful managers and business owners. Part of the expertise one develops with business acumen is by requesting feedback, and being open to new ideas. BOTI practices its business acumen when we invite prospective students to email us with questions here is our address if youd like to do so [email protected] 1. Introduction
Pre workshop review
2. Seeing the big picture
Short and long term interactions
Recognising growth opportunities
Mindfulness of decisions
Everything is related
3. KPI’s Key Performance Indicators
4. Risk management strategies
Internal and external factors
Making adjustments and corrections
Knowing when to pull the trigger or the plug
5. Recognising learning events
Develop a sense of always learning
Evaluate past decisions
Problems are learning opportunities
Recognise your blind spots
6. You need to know these answers and more
What makes my company money?
What were sales last year?
What is our profit margin?
What were our costs?
7. Financial literacy (1)
8. Financial literacy (2)
Cash flow statement
Read, read and read
9. Business acumen in management
10. Critical thinking in business
Ask the right questions
Evaluate the information
Make the decision
11. Key financial levers
Investing in people
12. Topics not discussed
Post workshop overview
Business Acumen Course: Course Duration
Who should attend: Business Acumen Course
This is a managerial course for middle and senior management.
**Quote does not include Any Exam Fees (if applicable)
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