After completing
this business acumen training workshop participants will be able
to:
- Define ausiness acumen - universal language of business
- Describe business measurements
- Use the Lou Mobley Matrix to explain the relationship of basic
business measurements
- Credibility discuss fundamental business measurements of cash
flow, inventory turns, investment and receivables
- Link solutions to financial goals
- Link products and services to specific customer financial components
- Gather information, organize and present a business case
- Develop a value proposition by understanding the motivational
needs: benefit to gain or loss to avoid: M.O.T.I.V.
- Be aware and participate in the political environment of meetings
- Identify the factors associated with credibility and trust
- How to enhance credibility
- Effectively communicate - here is what we do for you
- Strategically respond to their suggestions by refocus their
thinking
- Not dumb it down, but use framing to present why they should
know what you know
- Conditionally agree when you can't say no
- Describe how they applied business acumen to a case study
Business Acumen
Acumen is defined as "keenness and depth of perception especially
in practical matters." This workshop is designed to apply the
components of business acumen: understanding of financial tools,
crafting a compelling business case and thought leadership to your
efforts in persuading and influencing others to accept and implement
your decisions and recommendations. Applying business acumen demonstrates
in hard numbers the financial benefits of your value proposition
to internal and external customers. Everyone is seeking value, this
short business acumen training workshop will provide the financial
understanding to enable you to move beyond just intuitively believing
that the recommendation or proposal will help from a financial basis.
Most business people, when rationalizing why they made a decision,
will focus on metrics. How the value proposition enables them to
reduce their costs, to redeploy workers or help them sell more of
their product or service directly supports the ROI measurement.
Use the tools provided in this business acumen training workshop
to present a strong financially centered solution that will satisfy
both the decision makers and bean counters.
The target
audience for this business acumen training is: sales people, customer
service team members, program and project managers, operation managers,
supervisors, engineers, estimators and any one else who does not
have a financial background yet their decisions directly affect
the financial health of the organization. Our effort here is to
take business acumen, that many see as a complex issue, and break
in down into a logical flow of measurements that can be applied
to any business case.
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