Improving Business Acumen to Drive Organizational Success
As organizations become more agile, and the fulfillment of the firm’s strategy becomes more urgent, executives need emerging leaders to understand how the gears of the business work and how the company creates and executes its strategy. Cultivating business acumen, regardless of title or role, is the definitive key to the future.
But what exactly is business acumen? Ask 20 people for a definition, and you’ll likely get 20 different answers. Simply stated, business acumen is a portfolio of skills, behaviors and capabilities needed to support an organization in the achievement of its financial and strategic goals.
This webinar will create a common understanding of the main pillars of business acumen using a dynamic tool: The Business Acumen Canvas. You’ll be shown how to interpret business acumen so that you can fine-tune your senses to the market where your company operates, the mindset to think strategically and the hard-core skills that comprise people, processes, products, finance, strategy and performance.
You’ll be led on a journey toward business acumen excellence that will ignite new ways to think about talent and leadership development and to open the door to the third decade of the 21st century.
Learning Objectives:
1. Provide a context for business acumen: Vocabulary and intent
2. Describe the building blocks of business acumen using the Business Acumen Canvas
3. Underscore the need for strategic thinking, entrepreneurial managers and leaders, and how to fine tune your company’s organizational development strategy
In addition, participants will be able to obtain a link to a complementary online assessment that can be adopted by participating companies so they can have employees assess their own levels of business acumen, which can be used with their managers to include explicit business acumen skill building in their performance plans.
Additionally, all registrants will receive a complimentary copy of The Business Acumen Handbook by Steven Haines.