Business Acumen For Leaders (UT-Business-Acumen-For-Leaders)

Course Description

Students will learn to understand the mechanics of the organization – reading and interpreting financials, making sound business decisions, and setting a course – while also developing the skills to guide and direct your workforce.

Course Outline

1. Gaining a Wider Perspective

• Understanding Business Acumen

• Improving Long and Short Term Interactions

• Finding and Recognizing Growth Opportunities

• Making Mindful Decisions

• How to Relate to Others

2. Understanding the Numbers

• Developing, Defining, and Reporting Key Performance Indicators (KPIs)

• Keeping Up with the Business

• Understanding Sales, Costs, and Profit Margin

• Monitoring Assets, Liabilities, Equity, and Financial Ratios

• Reviewing Income Statements, Balance Sheets, and Cash Flow Statements

3. Management Considerations

• Recognizing Talent and Organizational Management

• Thinking Critically - Asking the Right Questions, Evaluating the Situation, and Making the Decision

• Leveraging the Organization - Investing in Employees and Customers, Process Improvement, and Goal Alignment

4. Business Ethics

• Ensuring Ethical Obligations are Met

• Understanding Roles and Responsibilities

• Balancing Personal and Organizational Ethics

• Managing Ethically - Maintaining the 4 P\'s

5. Business Etiquette

• Maintaining Etiquette across Communication Platforms - Email, IMs, and Telephone

• Following Etiquette in Meetings

• Delivering Etiquette in Customer Interactions

Course Objectives

• Recognize the importance of the big picture in business planning
• Leverage financial information to make sound business decisions
• Identify the importance of other financial levers to your business
• Understand the importance of ethics on long-term business success
• Appreciate how business etiquette affects your organizational success

Course Prerequisites

There are no prerequisites for this course.

Course Information

Length: 1 day

Format: Lecture and Lab

Delivery Method: n/a

Max. Capacity: 16

Who Should Attend

Professionals desiring to improve their business planning, financial management, and decision-making skills and practice them in an ethical and professional manner will benefit from this course.