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.
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.
