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Updated in [October 07th, 2023]

What does this course tell?
(Please note that the following overview content is from the original platform)
Business acumen is basically business knowledge and terminology The more you know the broader your capacity According to a study published in Human Resource Management International Digest titled Business Acumen: a Critical Concern of Modern Leadership Development global trends accelerate the move away from traditional approaches revealing why traditional leadership development approaches which rely on personality and competency assessments are failing The paper demonstrates the importance of business acumen in leadership and contends that business acumen impacts leadership development and HR agendas Research into this relationship resulted in the creation of the Perth Leadership Outcome Model which links financial outcomes to individual leadership traits In a study that interviewed 55 global business leaders business acumen is viewed as the most critical competency area for global leaders In their 2011 work The Leadership Pipeline Ram Charan Stephen Drotter and James Noel study the process and criteria for selecting a group manager This suggests that the process and criteria are similar for choosing a CEO They contend that an obvious criterium for selecting a leader is well-developed business acumen Organizations with managers possessing business acumen can expect leaders with a heightened perspective that translates into an ability to inspire and excite the organization to achieve its potential

We considered the value of this course from many aspects, and finally summarized it for you from two aspects: skills and knowledge, and the people who benefit from it:
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What skills and knowledge will you acquire during this course?
During this course, the learner will acquire the following skills and knowledge:
1. Business knowledge: The course will provide a comprehensive understanding of various business concepts, terminology, and practices. This knowledge will enable the learner to navigate the business world effectively.
2. Financial acumen: The course will focus on developing financial literacy and understanding. Learners will gain knowledge about financial statements, budgeting, forecasting, and other financial aspects crucial for making informed business decisions.
3. Strategic thinking: The course will enhance the learner's ability to think strategically and analyze business situations critically. They will learn how to identify opportunities, assess risks, and develop effective strategies to achieve organizational goals.
4. Leadership development: The course will emphasize the importance of business acumen in leadership. Learners will acquire leadership skills and traits necessary for inspiring and motivating teams to achieve their full potential.
5. Decision-making skills: The course will enhance the learner's decision-making abilities by providing them with frameworks and tools to evaluate options, consider risks, and make informed choices that align with organizational objectives.
6. Problem-solving skills: Learners will develop problem-solving skills through case studies and real-world scenarios. They will learn how to identify and analyze business problems, develop creative solutions, and implement effective problem-solving strategies.
7. Communication and collaboration: The course will emphasize the importance of effective communication and collaboration in the business environment. Learners will acquire skills to effectively communicate ideas, negotiate, and collaborate with stakeholders to achieve desired outcomes.
8. Global business perspective: The course will provide insights into global business trends and challenges. Learners will gain an understanding of the global marketplace, cultural differences, and the impact of globalization on business strategies.
Who will benefit from this course?
This course on business acumen will benefit individuals in leadership positions, such as managers and executives, as it is viewed as a critical competency area for global leaders. The course will help these individuals develop a well-rounded understanding of business knowledge and terminology, enabling them to make informed decisions and effectively lead their organizations. Additionally, the course will be beneficial for individuals aspiring to leadership roles, as it will provide them with the necessary skills and knowledge to excel in these positions.

Course Syllabus

Introduction

A vehicle for improving financial performance and leadership development

Distinguishing traits

Development

Finance acumen

Creativity