Overview
The competition of modern markets has expanded the responsibility of business literacy beyond the purview of senior executives. All levels of management and operations need to keep themselves ahead of the curve.
Everyone needs a high degree of BUSINESS ACUMEN.
Business acumen skills are basically the combination of knowledge you have about your business and the skills to implement it.
It's a greater strategic awareness of how a variety of factors could work together for the overall benefit of your organization. The ability to read market forces, understand how to capitalize on them and working with the rest of the team to develop disciplined strategies for excellent performance, product leadership and customer intimacy.
This program offers a modular approach to acquiring Business Acumen skills. From financial analysis to assessing human capital to succession planning. Learn how to align various department initiatives into a cohesive business strategy now.
Learning Outcomes
By the end of the course, you would be:
- Improving the speed of informed decision-making.
- Grooming high-potential employees for career opportunities and retention.
- Developing sustainable business acumen as a component of succession planning.
- Driving a culture of owner/entrepreneur thinking at all levels of the business.
- Aligning department initiatives (HR, finance, engineering, sales, etc.) with business imperatives.
Who Must Attend
Functional managers who have new or existing responsibilities to help support other departments and the organization as a whole.
Course Details
Module 1: Understanding Organization Structure
Different types of organizational structures and their purpose
Organizational depth versus span
Establishing controls across the span and depth of organizations
Module 2: Terminology & Business Language
Business & Management Terms
o The A-Z listing of business and management terms
o Ranking business and management terms according to frequency of use
o The evolving new age terms
Financial Terms
o A – Z listing of financial terms
o Ranking financial terms according to usage
Speaking & Writing the Business Language
Module 3: Decision Making & Problem Solving
Learning from successful business decision making models
Peter Drucker’s 5 elements of effective decision making
Preemptive thinking – going beyond the Creative & Critical problem solving and decision making
Module 4: Ram Charans’s Nucleus of Business
The 5 Essential Elements of Business Acumen
o Cash & cash flow
o Growth
o Margin
o Velocity
o Customer & the Supply Chain
How Each Person Impacts The 5 Elements
Module 5: Understanding Strategy
A review of some best business strategies & strategies of the oldest companies
Porter’s 5 forces
The elements of strategic planning
Implementing and managing strategies
An assessment of failed strategies
Module 6: Internal & External Environment Analysis
Working with PESTLE
SWOT analysis of your function and business
SWOT projects & updating SWOT
Supply Chain - analyzing its synergy
Seamless Operations
Module 7: Performance for Profits
Balanced Scorecard
o Critical Success Factors
o Developing, actioning & updating the Balanced Scorecard
Performance Management & KPI
o Establishing & weighting performance indicators
o Cascading organizational performance to operational performance
o Measuring & monitoring KPIs
Module 8 : Actualizing Business Acumen
How does your business operate
What are the essential elements of your business
How does your company make money
How does your work affect the bottom line
Methodology
This workshop’s methodology is a combination of expert input, Theatrical Improvisation (new) case studies, self-assessment, simulation, group discussions and sharing.
Course Leader
DR BARRAK ADAMS
Phd, Author-Trainer-Business & Technical Consultant, Trade Negotiator, Change Agent
Barrak specialises in training leaders world class negotiations around the Globe. He has been actively developing customised trainings and conducted them in Malaysia, Thailand, Indonesia, Philippines, the UAE, Sudan, Mauritania and Turkmenistan.
Senior Negotiator, Lead trainer, he has a clear and comprehensive understanding of what competencies are to be developed to be a successful negotiation. His abundant knowledge and experience addresses every situation in our fast pace business world and everyone is guaranteed to take home valuable learnings useful for their next deal.
Barrak comes to you with more than 40 years of enriched, result-oriented experience in many positions among SMEs, government agencies, multinational and businesses.
Equipped with solid experience and a wide range of state-of-art resources and latest development, his training programs are geared towards competency development.
With only the minimum amount of necessary theory (he says the participants can read his notes later) his training/ speaking sessions are filled with mindset, behavioural and capability change activities. There is always excitement, A-Hah moments in every session at his programs.
Barrak had worked with the Audio-Visual, Automotive, Printing, Property Development, Construction, Timber and Food industries, in capacities ranging from Group Engineer, Manager, Plant Manager, Senior Negotiator, Project Director and Managing Director.
Being a Management Consultant, Management System Auditor, Trainer and Counselor, he had consulted for an even wider range of industries that includes Medical services, Financial institutions, Petroleum industries, Metal, Plastics, Cellulose and Electronic components manufacturers, and the Civil service around the world.
He graduated in Engineering from the Singapore Polytechnic in 1973 and continued with post graduate and continuing studies in Engineering, Social Science, Rubber and Plastics Technology, Training and Development, Radiation Protection, and Quality Management, with a PhD in Organizational Management from Iowa State (US).
Since 2004, he has since been training and consulting for organizations such as PETRONAS, the National Electricity Board, the National Bank, various government ministries and agencies including Parliament House, and large corporations, further to training in Mauritania, Turkmenistan, Abu Dhabi, Sudan, Philippines, Thailand, Indonesia and Australia.
Currently, he is a senior resource faculty member for iTrainingExpert.com, continuously design and conduct customised trainings and consultancy for multi-national companies around the world.
To contact Barrak, please feel free to email us at info@itrainingexpert.com or call +603 8074 9056 | Mobile +6012 6869 628
Testimonies
“Good And Very Insightful Contents. Plenty Of Case Studies And Practical Exercises Which Help Enhance Understanding. Overall, A Very Good Course Conducted And Presented By Dr Barrak”
“Very useful and stimulates our negotiation skills, explores our weaknesses and strengths in dealing with others."
“I believe that every PETRONAS staff should attend this course to at least have a basic understanding of how negotiation is conducted correctly because the truth is whether we realize or not, working in a multinational company we practice negotiation on a day to day basis”
“Insightful and impactful learning experience, well-complemented with practical real-life examples and thrilling and engaging case studies”
Investment
| Normal fee |
| Sign up 1 pax |
| Pay before course starts |
| MYR 2,990.00 per pax |
| USD 890.00 |
| Early Bird |
| Sign up 1 person |
| Pay 14 days before course starts |
| MYR 2,590.00 per pax |
| USD 760.00 |
| Group Fee |
| Sign up 3 pax or more |
| Pay 14 days before course starts |
| MYR 2,490.00 per pax |
| USD 730.00 |
6% SST is chargeable, excluded in the quoted fee above
Certificate
Upon successful completion of this program, you will receive an Certificate of Achievement.
Payment mode:
1. Online Payment by Credit card: You can opt to register and pay online with our latest payment integration system through our website.
2. Bank Transfer- You can also opt to use GIRO or telegraphic transfer of payment via international banks.
3. HRD Corp Claimable Courses Skim Bantuan Latihan Khas
Contact us: ITRAININGEXPERT GLOBAL PLT
Tel:+603 8074 9056 | +603 8082 3707
Mobile: +6012 6869 628 | +6018 2175 123
Email: info@itrainingexpert.com
Website: www.iTrainingExpert.com
