Business Acumen Online Certificate Course

Increase your Financial Literacy & Improve Business Sense

Business Acumen Online Certificate Course

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Business Acumen Online Certificate Course

The Business Acumen Online Certificate course helps you improve your judgement and decisiveness skills. The course enables you to see the big picture and recognize that all decisions no matter how small can have an effect on the bottom line.

Our Business Acumen Online courses will help you recognize learning events, manage risk better, and increase your critical thinking. Business Acumen has the ability to influence your whole organization and provide that additional edge that will lead to success.

Key Learning Objectives

  • Know how to see the big picture
  • Develop a risk management strategy
  • Know how to practice financial literacy
  • Develop critical thinking
  • Practice management acumen
  • Find key financial levers

Business Acumen Online Course - Requirements

The Business Acumen Online Certificate course is delivered 100 percent online 24/7 and only takes 6 to 8 hours of study to complete. 

To complete this course, a student must:

  • Have access to the internet and the necessary technical skills to navigate the online learning resources
  • Have access to any mobile device with internet connectivity (laptop, desktop, tablet)
  • Be a self-directed learner
  • Possess sound language and literacy skills

Quick Course Facts

  1. Course content is structured for easy comprehension
  2. Approximately 8 hours of study is needed to complete the course
  3. Registered students gain unrestricted lifetime access to the Business Acumen Online course
  4. All course material is available online 24/7 and can be accessed using any device
  5. Study online from anywhere in your own time at your own pace
  6. All students who complete the course will be awarded with a certificate of completion

Business Acumen Online Certificate Course - Outline

Module One - Getting Started

Module Two - Seeing the Big Picture

In this module you will get an overview of what business acumen requires. This can include an understanding of finance, strategy, and decision making.

Short and Long Term Interactions

Interactions can have a direct effect on business operations. Failure to cultivate relationships happen when there is a lack of communication.

Recognize Growth Opportunities

People with a strong business acumen are able to recognize growth opportunities which are essential for long term success. However, identifying these opportunities does not come easy. In this part of the course we will discuss some of the steps for recognizing growth opportunities which include:

  • Identify market trends: Monitor changes in the market such as technological advancements.
  • Actively research customer needs: Conduct market research and anticipate customer needs, which you will fulfill.
  • Pay attention to competitors: Take advantage of a competitor’s weakness and learn from their strengths.

Mindfulness of Decisions

It is easy to make decisions based on emotions or external pressure. A strong business acumen helps you make decisions carefully and mindfully. Mindful decision making combines reason with intuition to come up with decisions that are based in the present. To make mindful decisions we will discuss these steps.

  • Be in the moment
  • Be clear
  • Make a choice

Everything is Related

Looking at the big picture lets you see how everything is related. In business operations, each person is expected to perform specific roles and functions. In order to understand how everything is related, we take a look at some tips on how to relate:

  • Be comprehensive
  • Be balanced
  • Be incorporated

Module Three - KPI's (Key Performance Indicators)

Key Performance Indicators are metrics that show when goals are met. Business acumen requires that people are able to understand when goals are reached, and this is only possible with Key Performance Indicators. Creating and managing KPIs will not only improve the success of your business but also strengthen your business acumen.

Decisiveness

In order to be decisive, you have to understand which performances need to be measured and how it should be measured. We will discuss tips on how to be decisive in our KPIs:

  • Define areas to monitor
  • Identify criteria
  • Define the measurements

Flexible

Flexibility allows you to make changes when the goals change. KPIs can constantly be changed and improved to reflect changing business needs. Some degree of flexibility in terms of allowing different departments to adjust KPIs is recommended to allow employees to understand and embrace them.

Strong Initiative

Initiative is the ability to take charge of a new or unknown situation. This allows employees to be proactive and allow them to use their problem-solving skills. Mistakes happen but what is more important is what we can learn from them.

Being Intuitive

Dashboards allow you to focus in operational goals rather than strategic goals. The dashboard offers an intuitive and useful information to users. This can be used to guide and coach employees. A strong business acumen dictates that these metrics should be used to encourage employees to be successful and not a tool for admonishing them when goals are not met.

Module Four - Risk Management Strategies

In this part of the course, we will learn the different risk management strategies. This is another critical skill for developing a strong business acumen.

Continuous Assessment

Risk assessment helps you identify possible dangers and opportunities you may encounter. There are several types of risk assessment that can be implement according to the specific objective. In this part of the course, we take a closer look at the different risk assessment steps:

  • Recognize Objectives
  • Identify Potential Events
  • Identify Risk Tolerance

Internal and External Factors

Risk management involves identifying internal and external factors that can affect the company. Key risk factors that a company may face include:

  • Financial risk
  • Strategic risk
  • Operational risk
  • Hazard risk

Making Adjustments and Corrections

Risk management requires constant monitoring and assessment. Information gathered through KPIs and other tools are used to monitor progress. By tracking progress, you are able to adjust strategies to improve performance as necessary.

Knowing When to Pull the Trigger or Plug

Risk management enables you to identify any possible risks. But business acumen tells you when the risks are too great that the best option is to simply pull the plug.

Opportunity Cost

Opportunity costs are defined as the monetary and cost of value of an alternative decision. When determining opportunity costs, it is important to remember that this should be based on projected costs.

Module Five - Recognizing Learning Events

Each day brings an opportunity to learn something new. A person with a strong business acumen should be able to recognize and take advantage of these opportunities. It this module, you will learn how to improve your decision making process and how to use business acumen to benefit you and the organization.

Develop a Sense of Always Learning

This refers to your ability to recognize learning events and how not to overlook learning opportunities. Some of the ways to develop this include:

  • Imitation: We learn from observing and imitating others such as instructors or respected mentors.
  • Reception/Transmission: Reception is the experience that requires you receive a transmitted message. It may be written or verbal, and it can include values as well as academic understanding.
  • Exercise: Actions and practice create learning experiences. These can occur in any action that you practice such as writing, meditation, or computer programs.

Evaluate Past Decisions

Past decisions and experiences help influence our current actions. It is important that you don’t only consider those that resulted to successful results but also unsuccessful decisions.

Problems Are Learning Opportunities

Learn to accept problems and mistakes are opportunities for learning. Once a problem is identified, consider the different solution and opportunities that each bring.

Recognize Your Blind Spots

Blind spots are parts of our personalities that are hidden from us. Recognizing your blind spots and doing something with it can help you improve your business acumen. To help you become aware of these blind spots here are a few tips:

  • Requesting feedback
  • Reflect
  • Study

Module Six - You Need to Know These Answers and More

In this part of the Business Acumen Online Certificate course, you will learn how to guide your company to success. How to look at the big picture in your business and know the answers to some basic financial questions.

What Makes My Company Money?

Making a profit is the bottom line of any business. When determining what makes money for your company, you should take into consideration all the different products and services.

What Were Sales Last Year?

Comparing year on year sales can help you get an idea where your business is going and its competitiveness.

What is Our Profit Margin?

This number indicates how well a business is running. A high profit margin is a sign that the business is running efficiently.

What Were Our Costs?

Costs affect all financial aspects of a business. Some companies may opt to cut costs to increase profits. Below are some of the costs we will be considering:

  • Cost of goods sold
  • Operating expenses
  • Interest and other expenses
  • Taxes

Module Seven - Financial Literacy (Part 1)

Financial literacy is a must to develop your business acumen. This module will help you develop your financial literacy and provide you with key financial concepts.

Assets

This refers to anything of value to the company that creates a profit or improve revenue. Assets can include buildings or products that are listed on a balance sheet.

Financial Ratios

Financial ratios are numbers that provide information on the company’s status. This includes data on trends, liquidity, profitability, assets, and financial leverage. Some of the important financial rations include:

  • Return on Assets
  • Inventory Turnover
  • Revenue Sales Growth
  • Earnings Per Share Growth

Liabilities

These are money that your company owes. Liabilities include mortgages or credit balances.

Equity

Assets and liabilities are factored in when determining equity. This figure gives you a good idea of what type of business risk you are.

Module Eight - Business Acumen in Management

Employees represent one of the most important resources in any organization. Business acumen enables you to effectively manage these resources by using talent management, change management, asset management, and organizational management skills.

Talent Management

This skill refers to a manager’s ability to develop individual employee talents to benefit the organization. Some of the strategies we will learn about include:

  • Mentoring
  • Investing
  • Communicating
  • Evaluating

Change Management

Some individuals may not be as open to change as others. As a manager, you should be able to seamlessly implement change to reduce lost productivity and improve workplace culture. The process of change management involves:

  • Preparing
  • Managing
  • Reinforcing

Asset Management

This is a management plan that helps you define assets and who they are used. In this part of the course, we will discuss the steps involved in asset management.

Organizational Management

In organizational management, each employee is needs to be part of the plan. It starts with a wide-scale plan down to the individual employee level.

Module Nine - Critical Thinking in Business

Information is a valuable commodity in business. Business acumen requires you to be effective in absorbing information.

Ask the Right Questions

Critical thinking requires constantly asking the right questions. These can include:

  • Identify assumptions
  • Explore perspectives
  • Examine the evidence
  • Attempt to understand
  • Consider different implications

Organize Data

Organizing data makes it easier for you to analyze. This can be done by grouping data or following certain patterns.

Evaluate the Information

Evaluating involves differentiating between fact and opinion by asking the right question.

Make the Decision

Critical thinking is a must when making decisions. After asking the right questions and evaluating answers, you are now ready to make that decision.

Module Ten - Key Financial Levers

In this module, you will learn about the different key financial levers to help you improve business acumen.

Investing in People

People are a key financial lever in any business. These include customers and employees. Several ways of investing in your employees can include:

  • Training
  • Bonus
  • Fair salary
  • Relationships
  • Opportunity for advancement

Effective Communication

Having a strong business acumen should be complemented with effective communication. Some of the techniques to improve communication include being honest and concise, being clear, and polite.

Process Improvement

This is used for analyzing business processes. It can be used to introduce a new process or make changes to an existing one.

Goal Alignment

Goal alignment is the synching of manager and employee goals with the business. This is done to improve business efficiency and productivity.

Module Eleven - Wrapping Up

Recognition & Accreditation

The courses offered by Courses For Success are unique as they are taught in a step by step process enabling students to complete them quickly and easily, so that you can obtain your qualification sooner. All students who complete the course receive a certificate of completion. Courses For Success is committed to high completion rates and therefore 100% student satisfaction.

Other Workplace Courses

If you’d like to help your workplace flourish, take a look at the range of workplace essentials courses available at Courses For Success.

Module One - Getting Started

Module Two - Seeing the Big Picture

  • Short and long term interactions
  • Recognize growth opportunities
  • Mindfulness of decisions
  • Everything is related

Module Three - KPI's (Key Performance Indicators)

  • Decisiveness
  • Flexible
  • Strong initiative
  • Being intuitive

Module Four - Risk Management Strategies

  • Continuous assessment
  • Internal and external factors
  • Making adjustments and corrections
  • Knowing when to pull the trigger or plug

Module Five - Recognizing Learning Events

  • Develop a sense of always learning
  • Evaluate past decisions
  • Problems are learning opportunities
  • Recognize your blind spots

Module Six - You Need to Know These Answers and More

  • What makes my company money?
  • What were sales last year?
  • What is our profit margin?
  • What were our costs?

Module Seven - Financial Literacy (Part 1)

  • Assets
  • Financial Ratios
  • Liabilities
  • Equity

Module Eight - Financial Literacy (Part 2)

  • Income statement
  • Balance sheet
  • Cash flow statement
  • Read, read and read

Module Nine - Business Acumen in Management

  • Talent management
  • Change management
  • Asset management
  • Organisational management

Module Ten - Critical Thinking in Business

  • Ask the right questions
  • Organise data
  • Evalute the information
  • Make the decision

Module Eleven - Key Financial Levers

  • Investing in people
  • Effective communication
  • Process improvement
  • Goal alignment

Module Twelve - Wrapping Up

Entry requirements

Students must have basic literacy and numeracy skills.

Minimum education

Open entry. Previous schooling and academic achievements are not required for entry into this course.

Computer requirements

Students will need access to a computer and the internet.

Minimum specifications for the computer are:

Windows:

  • Microsoft Windows XP, or later
  • Modern and up to date Browser (Internet Explorer 8 or later, Firefox, Chrome, Safari)

MAC/iOS

  • OSX/iOS 6 or later
  • Modern and up to date Browser (Firefox, Chrome, Safari)

All systems

  • Internet bandwidth of 1Mb or faster
  • Flash player or a browser with HTML5 video capabilities(Currently Internet Explorer 9, Firefox, Chrome, Safari)

Students will also need access the following applications:

Adobe Acrobat Reader

Customer Reviews

5 star
52%
4 star
29%
3 star
13%
2 star
5%
1 star
2%
(4749)
Average rating 4 out of 5 stars

Aynura Balakishiyeva

30 November 2020 03:57:28 AM

good

Gilberto Andres Molina Gaviria

28 November 2020 01:13:51 PM

Excellent

Gilberto Andres Molina Gaviria

28 November 2020 12:10:41 PM

Excellent

Gilberto Andres Molina Gaviria

28 November 2020 10:23:52 AM

Excellent, 100% recommended

RENEE LOUISE WELLS

20 November 2020 12:25:14 PM

Thankyou for re-capping on organization skills for me

May Kavana

19 November 2020 08:33:03 PM

Very informative.

May Kavana

19 November 2020 06:07:01 PM

I found this course very informative. It has given me the tools that will direct me in where I need to go and do.

Alisha Roots

14 November 2020 01:14:09 PM

Great

Alisha Roots

14 November 2020 01:01:01 PM

Great coursework

Dot Mulder

14 November 2020 11:37:22 AM

This was a great course to do before I undertake the Art Therapy Course I paid for in the first place. I found that I am already really knowledgeable on the material completed. Thanks for this as I feel refreshed.

Hazel Gibson

13 November 2020 04:05:08 AM

GREAT COURSE! VERY MOTIVATING!

Anthony Prestano

12 November 2020 05:12:06 AM

very good

Anthony Prestano

12 November 2020 02:11:47 AM

really helped with my goals

Paris Grant

11 November 2020 02:21:49 PM

Great course that helped me

Diana Priestley

10 November 2020 01:28:05 PM

.

Erika Bates

8 November 2020 09:33:36 AM

Great course, taught me a lot of business aspects

Sebastien Theoret

6 November 2020 04:53:34 AM

Very good to organized days

Sebastien Theoret

6 November 2020 03:39:20 AM

Great course

sarah montgomery

4 November 2020 01:38:33 PM

really helpful and practical advice when it comes to the steps to success

Jessica Kate Morgan

4 November 2020 11:24:59 AM

really enjoyed

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1.  Who are Courses For Success?

Courses For Success is a global course platform that started in 2008 with 5 courses, since then we have grown to over 10,000 online courses. As our courses are delivered online via the internet, we sell our courses worldwide.

Our courses span across many categories including Academic, Animal, Beauty, Business, Career, Counseling, Creative & Media, Health & Therapy, Hobbies & Trades, IT, Personal Development, Sports & Fitness.

Some of the companies we work with include Groupon, Living Social, CNN, Entrepreneur, Mashable, Reed UK, Stack Social and many more.

2.  Is there a refund/cancellation policy?

Yes, we have a 7-day money-back refund guarantee. Just send us an email to email/info)(coursesforsuccess.com with the subject Courses For Success Refund so we can accommodate your request.

3.  What is the FREE Personal Success Training Program?

The Personal Success Training Program was developed by Courses For Success to help our customers achieve success. Currently, we are offering this program for FREE with every course or bundle purchase this month. This is a limited time offer! We have received thousands of reviews for this program, please see: Personal Success Training Program Reviews

4.  Are there any requirements to study this course?

No, anyone who has an interest in learning more about this subject matter is encouraged to take our course. There are no entry requirements to take this course.

5.  Do I require to have finished high school to complete this course?

No, you do not require a High School Diploma or to have finished school to study this course, this course is open to anyone who would like to take this course.

6.  What if English is not my first language?

This course is provided in English, however, due to the digital nature of our training, you can take your time studying the material and make use of tools such as google translate and Grammarly.

7.  Is this course online or conducted in person?

All our courses are accessible online on any device. You may complete them at your own pace and at your own time.

8.  How do I receive my course?

After you have completed the payment, you will receive a confirmation email and tax receipt. You will also receive an email containing your course login details (username and password), as well as instructions on how to access and log in to your course via the internet with any device, please check your junk/spam folder in the event that you do not receive the email.

9.  When does this course start?

Providing you have internet access you can start this course whenever you like, just go to the login page and insert your username and password and you can access the online material.

10.  What is online learning like?

Online learning is easy, if not easier than a traditional academic situation. By studying an online course, the usual boundaries caused by location and time constraints are eliminated, meaning you are free to study where and when you want at your own pace. Of course, you will need to be able to self-manage your time and be organized, but with our help, you’ll soon find yourself settling into a comfortable rhythm of study.

11.  What computer skills do I need for my course?

You don't need to be a computer expert to succeed with our online training, but you should be comfortable typing, using the internet and be capable of using common software (such as Microsoft word).

12.  How long will you have access to the online course?

There is no time limit for completing this course, it can be studied in your own time at your own pace. Once you have purchased this course you will have unlimited lifetime access, meaning you can access this course whenever you want.

13.  How long will my course take?

Individual courses are designed to be completed within 6-8 hours.

If you choose a course bundle, simply multiply the above hours by the number of courses included in the bundle.
For example:

  • 2 course bundle is 2 x 6-8 hours = 12-16 hours
  • 3 course bundle is 3 x 6-8 hours = 18-24 hours
  • 5 course bundle is 5 x 6-8 hours = 30-40 hours
  • 10 course bundle is 10 x 6-8 hours = 60-80 hours
14.  Do I need to buy textbooks?

All the required material for your course is included in the online system, you do not need to buy anything else.

15.  Is the course interactive?

Yes, all our courses are interactive.

16.  Is there an assessment or exam?

Yes, you will be required to complete a multiple-choice test online at the end of your course, you can do this test as many times as you require.

17.  What type of certificate will I receive?

You will receive a Certificate of Completion that is applicable worldwide, which demonstrates your commitment to learning new skills. You can share the certificate with your friends, relatives, co-workers and employers. Also, include it in your resume/CV, professional social media profiles and job applications.

Wendy Sue Hunt - 5 STAR REVIEW
"If you are considering taking any “Courses for Success”, I would highly recommend it. I have always been a firm believer it’s important to always sharpen your skills. You are never too old to learn more. I found the courses very helpful, interesting and easy to understand.
The term “Courses for Success” helped me in my current position to succeed. After completing the courses, I gave my manager the completion certificates. Recently I received a promotion too."
Valencia Marie Aviles - 5 STAR REVIEW
"I had a very good experience with my course. It has helped me to get multiple jobs and prepared me for almost everything I would need to know. The course was very informative and easy to understand and broken up perfectly to be done in a short amount of time while still learning a good amount! I would recommend Courses for Success to anyone trying to get abs certifications for job advancements, it is well worth it!"
ELENA GRIFFIN - 5 STAR REVIEW
"I have absolutely enjoyed the materials from Courses for Success. The materials are easy to understand which makes learning enjoyable. Courses for Success have great topics of interest which make you come back for more.
Thank you Courses for Success for being part of my learning journey and making education affordable!"

Our completion certificates are very valuable and will help you progress in your work environment and show employers how committed you are to learn new skills, you might even get a promotion.

18.  Will this course be credited by universities?

No, it is not equivalent to a college or university credit.

19.  Am I guaranteed to get a job with this certificate?

This course will give you the skills you need to help you obtain employment, but it’s up to you if you get the job or not.

20.  How will this course assist me with my career?

Studying and completing this course will show employers that you have the knowledge in this field, additionally you will gain more confidence in this area of expertise.

21.  How long is the certificate valid for?

The Certificates are valid for life and do not need renewing. 

22.  Can I take more than one course at a time?

Courses are studied online at your own pace and you are free to study as many or as few courses as you wish, we also offer online course bundles that allow you to save on additional courses so that you may get all the topics related to your training goals in one go.

23.  What are the Payment Methods available? Is there a payment plan?

We accept payments via PayPal, Credit Card, Bank Transfer and Amazon Pay for the USA. For payment plans, we offer Sezzle for USA & Canada, Afterpay for Australia & New Zealand. *For faster transaction Credit Card payments are preferred. Please purchase online via our website course product page or contact us at email/info)(coursesforsuccess.com, to pay via bank transfer.

24.  Can I purchase for multiple people?

Yes, you can do this by purchasing individually via website or send us a request via email at email/info)(coursesforsuccess.com

25.  Can I request for an invoice before purchase?

Yes, you can request for an invoice via email at email/info)(coursesforsuccess.com

26.  Purchase for a gift?

Yes, you can purchase this course as a gift, simply send an email to email/info)(coursesforsuccess.com, with the course details and we can accommodate this.

27.  Can I create my own course bundle?

Yes, you can customize your own bundle. Please send us the complete list with the exact course link of the courses you'd like to bundle up via email email/info)(coursesforsuccess.com and we will create them for you. *Each course access, time of completion and certification varies depending on the course type.

28.  How will I contact Courses For Success if I have any questions?

You can contact our support team, at any time through live chat on our website, or email at email/info)(coursesforsuccess.com, or by calling one of our phone numbers depending on which country you are in.  

About this Course

Business Acumen Online Certificate Course

The Business Acumen Online Certificate course helps you improve your judgement and decisiveness skills. The course enables you to see the big picture and recognize that all decisions no matter how small can have an effect on the bottom line.

Our Business Acumen Online courses will help you recognize learning events, manage risk better, and increase your critical thinking. Business Acumen has the ability to influence your whole organization and provide that additional edge that will lead to success.

Key Learning Objectives

  • Know how to see the big picture
  • Develop a risk management strategy
  • Know how to practice financial literacy
  • Develop critical thinking
  • Practice management acumen
  • Find key financial levers

Business Acumen Online Course - Requirements

The Business Acumen Online Certificate course is delivered 100 percent online 24/7 and only takes 6 to 8 hours of study to complete. 

To complete this course, a student must:

  • Have access to the internet and the necessary technical skills to navigate the online learning resources
  • Have access to any mobile device with internet connectivity (laptop, desktop, tablet)
  • Be a self-directed learner
  • Possess sound language and literacy skills

Quick Course Facts

  1. Course content is structured for easy comprehension
  2. Approximately 8 hours of study is needed to complete the course
  3. Registered students gain unrestricted lifetime access to the Business Acumen Online course
  4. All course material is available online 24/7 and can be accessed using any device
  5. Study online from anywhere in your own time at your own pace
  6. All students who complete the course will be awarded with a certificate of completion

Business Acumen Online Certificate Course - Outline

Module One - Getting Started

Module Two - Seeing the Big Picture

In this module you will get an overview of what business acumen requires. This can include an understanding of finance, strategy, and decision making.

Short and Long Term Interactions

Interactions can have a direct effect on business operations. Failure to cultivate relationships happen when there is a lack of communication.

Recognize Growth Opportunities

People with a strong business acumen are able to recognize growth opportunities which are essential for long term success. However, identifying these opportunities does not come easy. In this part of the course we will discuss some of the steps for recognizing growth opportunities which include:

  • Identify market trends: Monitor changes in the market such as technological advancements.
  • Actively research customer needs: Conduct market research and anticipate customer needs, which you will fulfill.
  • Pay attention to competitors: Take advantage of a competitor’s weakness and learn from their strengths.

Mindfulness of Decisions

It is easy to make decisions based on emotions or external pressure. A strong business acumen helps you make decisions carefully and mindfully. Mindful decision making combines reason with intuition to come up with decisions that are based in the present. To make mindful decisions we will discuss these steps.

  • Be in the moment
  • Be clear
  • Make a choice

Everything is Related

Looking at the big picture lets you see how everything is related. In business operations, each person is expected to perform specific roles and functions. In order to understand how everything is related, we take a look at some tips on how to relate:

  • Be comprehensive
  • Be balanced
  • Be incorporated

Module Three - KPI's (Key Performance Indicators)

Key Performance Indicators are metrics that show when goals are met. Business acumen requires that people are able to understand when goals are reached, and this is only possible with Key Performance Indicators. Creating and managing KPIs will not only improve the success of your business but also strengthen your business acumen.

Decisiveness

In order to be decisive, you have to understand which performances need to be measured and how it should be measured. We will discuss tips on how to be decisive in our KPIs:

  • Define areas to monitor
  • Identify criteria
  • Define the measurements

Flexible

Flexibility allows you to make changes when the goals change. KPIs can constantly be changed and improved to reflect changing business needs. Some degree of flexibility in terms of allowing different departments to adjust KPIs is recommended to allow employees to understand and embrace them.

Strong Initiative

Initiative is the ability to take charge of a new or unknown situation. This allows employees to be proactive and allow them to use their problem-solving skills. Mistakes happen but what is more important is what we can learn from them.

Being Intuitive

Dashboards allow you to focus in operational goals rather than strategic goals. The dashboard offers an intuitive and useful information to users. This can be used to guide and coach employees. A strong business acumen dictates that these metrics should be used to encourage employees to be successful and not a tool for admonishing them when goals are not met.

Module Four - Risk Management Strategies

In this part of the course, we will learn the different risk management strategies. This is another critical skill for developing a strong business acumen.

Continuous Assessment

Risk assessment helps you identify possible dangers and opportunities you may encounter. There are several types of risk assessment that can be implement according to the specific objective. In this part of the course, we take a closer look at the different risk assessment steps:

  • Recognize Objectives
  • Identify Potential Events
  • Identify Risk Tolerance

Internal and External Factors

Risk management involves identifying internal and external factors that can affect the company. Key risk factors that a company may face include:

  • Financial risk
  • Strategic risk
  • Operational risk
  • Hazard risk

Making Adjustments and Corrections

Risk management requires constant monitoring and assessment. Information gathered through KPIs and other tools are used to monitor progress. By tracking progress, you are able to adjust strategies to improve performance as necessary.

Knowing When to Pull the Trigger or Plug

Risk management enables you to identify any possible risks. But business acumen tells you when the risks are too great that the best option is to simply pull the plug.

Opportunity Cost

Opportunity costs are defined as the monetary and cost of value of an alternative decision. When determining opportunity costs, it is important to remember that this should be based on projected costs.

Module Five - Recognizing Learning Events

Each day brings an opportunity to learn something new. A person with a strong business acumen should be able to recognize and take advantage of these opportunities. It this module, you will learn how to improve your decision making process and how to use business acumen to benefit you and the organization.

Develop a Sense of Always Learning

This refers to your ability to recognize learning events and how not to overlook learning opportunities. Some of the ways to develop this include:

  • Imitation: We learn from observing and imitating others such as instructors or respected mentors.
  • Reception/Transmission: Reception is the experience that requires you receive a transmitted message. It may be written or verbal, and it can include values as well as academic understanding.
  • Exercise: Actions and practice create learning experiences. These can occur in any action that you practice such as writing, meditation, or computer programs.

Evaluate Past Decisions

Past decisions and experiences help influence our current actions. It is important that you don’t only consider those that resulted to successful results but also unsuccessful decisions.

Problems Are Learning Opportunities

Learn to accept problems and mistakes are opportunities for learning. Once a problem is identified, consider the different solution and opportunities that each bring.

Recognize Your Blind Spots

Blind spots are parts of our personalities that are hidden from us. Recognizing your blind spots and doing something with it can help you improve your business acumen. To help you become aware of these blind spots here are a few tips:

  • Requesting feedback
  • Reflect
  • Study

Module Six - You Need to Know These Answers and More

In this part of the Business Acumen Online Certificate course, you will learn how to guide your company to success. How to look at the big picture in your business and know the answers to some basic financial questions.

What Makes My Company Money?

Making a profit is the bottom line of any business. When determining what makes money for your company, you should take into consideration all the different products and services.

What Were Sales Last Year?

Comparing year on year sales can help you get an idea where your business is going and its competitiveness.

What is Our Profit Margin?

This number indicates how well a business is running. A high profit margin is a sign that the business is running efficiently.

What Were Our Costs?

Costs affect all financial aspects of a business. Some companies may opt to cut costs to increase profits. Below are some of the costs we will be considering:

  • Cost of goods sold
  • Operating expenses
  • Interest and other expenses
  • Taxes

Module Seven - Financial Literacy (Part 1)

Financial literacy is a must to develop your business acumen. This module will help you develop your financial literacy and provide you with key financial concepts.

Assets

This refers to anything of value to the company that creates a profit or improve revenue. Assets can include buildings or products that are listed on a balance sheet.

Financial Ratios

Financial ratios are numbers that provide information on the company’s status. This includes data on trends, liquidity, profitability, assets, and financial leverage. Some of the important financial rations include:

  • Return on Assets
  • Inventory Turnover
  • Revenue Sales Growth
  • Earnings Per Share Growth

Liabilities

These are money that your company owes. Liabilities include mortgages or credit balances.

Equity

Assets and liabilities are factored in when determining equity. This figure gives you a good idea of what type of business risk you are.

Module Eight - Business Acumen in Management

Employees represent one of the most important resources in any organization. Business acumen enables you to effectively manage these resources by using talent management, change management, asset management, and organizational management skills.

Talent Management

This skill refers to a manager’s ability to develop individual employee talents to benefit the organization. Some of the strategies we will learn about include:

  • Mentoring
  • Investing
  • Communicating
  • Evaluating

Change Management

Some individuals may not be as open to change as others. As a manager, you should be able to seamlessly implement change to reduce lost productivity and improve workplace culture. The process of change management involves:

  • Preparing
  • Managing
  • Reinforcing

Asset Management

This is a management plan that helps you define assets and who they are used. In this part of the course, we will discuss the steps involved in asset management.

Organizational Management

In organizational management, each employee is needs to be part of the plan. It starts with a wide-scale plan down to the individual employee level.

Module Nine - Critical Thinking in Business

Information is a valuable commodity in business. Business acumen requires you to be effective in absorbing information.

Ask the Right Questions

Critical thinking requires constantly asking the right questions. These can include:

  • Identify assumptions
  • Explore perspectives
  • Examine the evidence
  • Attempt to understand
  • Consider different implications

Organize Data

Organizing data makes it easier for you to analyze. This can be done by grouping data or following certain patterns.

Evaluate the Information

Evaluating involves differentiating between fact and opinion by asking the right question.

Make the Decision

Critical thinking is a must when making decisions. After asking the right questions and evaluating answers, you are now ready to make that decision.

Module Ten - Key Financial Levers

In this module, you will learn about the different key financial levers to help you improve business acumen.

Investing in People

People are a key financial lever in any business. These include customers and employees. Several ways of investing in your employees can include:

  • Training
  • Bonus
  • Fair salary
  • Relationships
  • Opportunity for advancement

Effective Communication

Having a strong business acumen should be complemented with effective communication. Some of the techniques to improve communication include being honest and concise, being clear, and polite.

Process Improvement

This is used for analyzing business processes. It can be used to introduce a new process or make changes to an existing one.

Goal Alignment

Goal alignment is the synching of manager and employee goals with the business. This is done to improve business efficiency and productivity.

Module Eleven - Wrapping Up

Recognition & Accreditation

The courses offered by Courses For Success are unique as they are taught in a step by step process enabling students to complete them quickly and easily, so that you can obtain your qualification sooner. All students who complete the course receive a certificate of completion. Courses For Success is committed to high completion rates and therefore 100% student satisfaction.

Other Workplace Courses

If you’d like to help your workplace flourish, take a look at the range of workplace essentials courses available at Courses For Success.

Module One - Getting Started

Module Two - Seeing the Big Picture

  • Short and long term interactions
  • Recognize growth opportunities
  • Mindfulness of decisions
  • Everything is related

Module Three - KPI's (Key Performance Indicators)

  • Decisiveness
  • Flexible
  • Strong initiative
  • Being intuitive

Module Four - Risk Management Strategies

  • Continuous assessment
  • Internal and external factors
  • Making adjustments and corrections
  • Knowing when to pull the trigger or plug

Module Five - Recognizing Learning Events

  • Develop a sense of always learning
  • Evaluate past decisions
  • Problems are learning opportunities
  • Recognize your blind spots

Module Six - You Need to Know These Answers and More

  • What makes my company money?
  • What were sales last year?
  • What is our profit margin?
  • What were our costs?

Module Seven - Financial Literacy (Part 1)

  • Assets
  • Financial Ratios
  • Liabilities
  • Equity

Module Eight - Financial Literacy (Part 2)

  • Income statement
  • Balance sheet
  • Cash flow statement
  • Read, read and read

Module Nine - Business Acumen in Management

  • Talent management
  • Change management
  • Asset management
  • Organisational management

Module Ten - Critical Thinking in Business

  • Ask the right questions
  • Organise data
  • Evalute the information
  • Make the decision

Module Eleven - Key Financial Levers

  • Investing in people
  • Effective communication
  • Process improvement
  • Goal alignment

Module Twelve - Wrapping Up

Entry requirements

Students must have basic literacy and numeracy skills.

Minimum education

Open entry. Previous schooling and academic achievements are not required for entry into this course.

Computer requirements

Students will need access to a computer and the internet.

Minimum specifications for the computer are:

Windows:

  • Microsoft Windows XP, or later
  • Modern and up to date Browser (Internet Explorer 8 or later, Firefox, Chrome, Safari)

MAC/iOS

  • OSX/iOS 6 or later
  • Modern and up to date Browser (Firefox, Chrome, Safari)

All systems

  • Internet bandwidth of 1Mb or faster
  • Flash player or a browser with HTML5 video capabilities(Currently Internet Explorer 9, Firefox, Chrome, Safari)

Students will also need access the following applications:

Adobe Acrobat Reader

(4749)
Average rating 4 out of 5 stars
5 star
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4 star
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3 star
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2 star
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1 star
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Aynura Balakishiyeva

30 November 2020 03:57:28 AM

good

Gilberto Andres Molina Gaviria

28 November 2020 01:13:51 PM

Excellent

Gilberto Andres Molina Gaviria

28 November 2020 12:10:41 PM

Excellent

Gilberto Andres Molina Gaviria

28 November 2020 10:23:52 AM

Excellent, 100% recommended

RENEE LOUISE WELLS

20 November 2020 12:25:14 PM

Thankyou for re-capping on organization skills for me

May Kavana

19 November 2020 08:33:03 PM

Very informative.

May Kavana

19 November 2020 06:07:01 PM

I found this course very informative. It has given me the tools that will direct me in where I need to go and do.

Alisha Roots

14 November 2020 01:14:09 PM

Great

Alisha Roots

14 November 2020 01:01:01 PM

Great coursework

Dot Mulder

14 November 2020 11:37:22 AM

This was a great course to do before I undertake the Art Therapy Course I paid for in the first place. I found that I am already really knowledgeable on the material completed. Thanks for this as I feel refreshed.

Hazel Gibson

13 November 2020 04:05:08 AM

GREAT COURSE! VERY MOTIVATING!

Anthony Prestano

12 November 2020 05:12:06 AM

very good

Anthony Prestano

12 November 2020 02:11:47 AM

really helped with my goals

Paris Grant

11 November 2020 02:21:49 PM

Great course that helped me

Diana Priestley

10 November 2020 01:28:05 PM

.

Erika Bates

8 November 2020 09:33:36 AM

Great course, taught me a lot of business aspects

Sebastien Theoret

6 November 2020 04:53:34 AM

Very good to organized days

Sebastien Theoret

6 November 2020 03:39:20 AM

Great course

sarah montgomery

4 November 2020 01:38:33 PM

really helpful and practical advice when it comes to the steps to success

Jessica Kate Morgan

4 November 2020 11:24:59 AM

really enjoyed

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1.  Who are Courses For Success?

Courses For Success is a global course platform that started in 2008 with 5 courses, since then we have grown to over 10,000 online courses. As our courses are delivered online via the internet, we sell our courses worldwide.

Our courses span across many categories including Academic, Animal, Beauty, Business, Career, Counseling, Creative & Media, Health & Therapy, Hobbies & Trades, IT, Personal Development, Sports & Fitness.

Some of the companies we work with include Groupon, Living Social, CNN, Entrepreneur, Mashable, Reed UK, Stack Social and many more.

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Yes, we have a 7-day money-back refund guarantee. Just send us an email to email/info)(coursesforsuccess.com with the subject Courses For Success Refund so we can accommodate your request.

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The Personal Success Training Program was developed by Courses For Success to help our customers achieve success. Currently, we are offering this program for FREE with every course or bundle purchase this month. This is a limited time offer! We have received thousands of reviews for this program, please see: Personal Success Training Program Reviews

4.  Are there any requirements to study this course?

No, anyone who has an interest in learning more about this subject matter is encouraged to take our course. There are no entry requirements to take this course.

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No, you do not require a High School Diploma or to have finished school to study this course, this course is open to anyone who would like to take this course.

6.  What if English is not my first language?

This course is provided in English, however, due to the digital nature of our training, you can take your time studying the material and make use of tools such as google translate and Grammarly.

7.  Is this course online or conducted in person?

All our courses are accessible online on any device. You may complete them at your own pace and at your own time.

8.  How do I receive my course?

After you have completed the payment, you will receive a confirmation email and tax receipt. You will also receive an email containing your course login details (username and password), as well as instructions on how to access and log in to your course via the internet with any device, please check your junk/spam folder in the event that you do not receive the email.

9.  When does this course start?

Providing you have internet access you can start this course whenever you like, just go to the login page and insert your username and password and you can access the online material.

10.  What is online learning like?

Online learning is easy, if not easier than a traditional academic situation. By studying an online course, the usual boundaries caused by location and time constraints are eliminated, meaning you are free to study where and when you want at your own pace. Of course, you will need to be able to self-manage your time and be organized, but with our help, you’ll soon find yourself settling into a comfortable rhythm of study.

11.  What computer skills do I need for my course?

You don't need to be a computer expert to succeed with our online training, but you should be comfortable typing, using the internet and be capable of using common software (such as Microsoft word).

12.  How long will you have access to the online course?

There is no time limit for completing this course, it can be studied in your own time at your own pace. Once you have purchased this course you will have unlimited lifetime access, meaning you can access this course whenever you want.

13.  How long will my course take?

Individual courses are designed to be completed within 6-8 hours.

If you choose a course bundle, simply multiply the above hours by the number of courses included in the bundle.
For example:

  • 2 course bundle is 2 x 6-8 hours = 12-16 hours
  • 3 course bundle is 3 x 6-8 hours = 18-24 hours
  • 5 course bundle is 5 x 6-8 hours = 30-40 hours
  • 10 course bundle is 10 x 6-8 hours = 60-80 hours
14.  Do I need to buy textbooks?

All the required material for your course is included in the online system, you do not need to buy anything else.

15.  Is the course interactive?

Yes, all our courses are interactive.

16.  Is there an assessment or exam?

Yes, you will be required to complete a multiple-choice test online at the end of your course, you can do this test as many times as you require.

17.  What type of certificate will I receive?

You will receive a Certificate of Completion that is applicable worldwide, which demonstrates your commitment to learning new skills. You can share the certificate with your friends, relatives, co-workers and employers. Also, include it in your resume/CV, professional social media profiles and job applications.

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The term “Courses for Success” helped me in my current position to succeed. After completing the courses, I gave my manager the completion certificates. Recently I received a promotion too."
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"I have absolutely enjoyed the materials from Courses for Success. The materials are easy to understand which makes learning enjoyable. Courses for Success have great topics of interest which make you come back for more.
Thank you Courses for Success for being part of my learning journey and making education affordable!"

Our completion certificates are very valuable and will help you progress in your work environment and show employers how committed you are to learn new skills, you might even get a promotion.

18.  Will this course be credited by universities?

No, it is not equivalent to a college or university credit.

19.  Am I guaranteed to get a job with this certificate?

This course will give you the skills you need to help you obtain employment, but it’s up to you if you get the job or not.

20.  How will this course assist me with my career?

Studying and completing this course will show employers that you have the knowledge in this field, additionally you will gain more confidence in this area of expertise.

21.  How long is the certificate valid for?

The Certificates are valid for life and do not need renewing. 

22.  Can I take more than one course at a time?

Courses are studied online at your own pace and you are free to study as many or as few courses as you wish, we also offer online course bundles that allow you to save on additional courses so that you may get all the topics related to your training goals in one go.

23.  What are the Payment Methods available? Is there a payment plan?

We accept payments via PayPal, Credit Card, Bank Transfer and Amazon Pay for the USA. For payment plans, we offer Sezzle for USA & Canada, Afterpay for Australia & New Zealand. *For faster transaction Credit Card payments are preferred. Please purchase online via our website course product page or contact us at email/info)(coursesforsuccess.com, to pay via bank transfer.

24.  Can I purchase for multiple people?

Yes, you can do this by purchasing individually via website or send us a request via email at email/info)(coursesforsuccess.com

25.  Can I request for an invoice before purchase?

Yes, you can request for an invoice via email at email/info)(coursesforsuccess.com

26.  Purchase for a gift?

Yes, you can purchase this course as a gift, simply send an email to email/info)(coursesforsuccess.com, with the course details and we can accommodate this.

27.  Can I create my own course bundle?

Yes, you can customize your own bundle. Please send us the complete list with the exact course link of the courses you'd like to bundle up via email email/info)(coursesforsuccess.com and we will create them for you. *Each course access, time of completion and certification varies depending on the course type.

28.  How will I contact Courses For Success if I have any questions?

You can contact our support team, at any time through live chat on our website, or email at email/info)(coursesforsuccess.com, or by calling one of our phone numbers depending on which country you are in.  

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Course Summary

Course ID: 020BA
Delivery Mode: Online
Access: Unlimited lifetime
Time: Study at your own pace
Duration: 6-8 Hours
Assessments: Yes (multiple choice)
Qualification: Certificate

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