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Why Choose this Training Course?
A study from the Economist Intelligence Unit reports that two-thirds of corporate executives believe a lack of business skills or business acumen inhibits their company from meeting strategic priorities. An organization of high business acumen individuals can expect to see leaders with a heightened perspective that translates into an ability to inspire and excite the organization to achieve its full strategic potential.
As your leadership responsibilities expand, so does your need to understand the impact of every decision on the strategic and financial goals of your organization. That's why business acumen—an intuitive sense of how the moving parts of a company work together to create profit — is indispensable.
This Management & Leadership online training course on Strategic Awareness and Business Acumen will improve your understanding of how operations, finance, marketing, and other functions must work together to create and execute a successful business strategy. It also provides the opportunity to polish your financial literacy and leadership skills and become more business savvy.
This PetroKnowledge online training course will highlight:
A review of business and economic context for your business
Tools and techniques used in strategy development
Use of strategic thinking: innovation approaches
Business Acumen and Strategy Development
Leadership qualities needed to inspire, motivate and engage with Staff
What are the Goals?
At the end of this Strategic Awareness and Business Acumen online training course, you will learn to:
Examine the external environment affecting your company’s ability to succeed
Analyze your key competitors and what the future will look like
Measure performance using standards that are highly correlated with value creation
Integrate your competitive analysis to improve your business decision making
Create a business strategy and a complete strategy implementation map
Who is this Training Course for?
Functional managers who have responsibilities to support their departments and the organization as a whole. Also, individuals responsible for Strategy Implementation and Communication Planning.
This Strategic Awareness and Business Acumen online training course is suitable to a wide range of professionals but will greatly benefit:
Those wishing to sharpen their analytical skills and Business Savvy
Supervisors taking on additional strategic responsibilities
Managers taking on a more senior and strategic role in their organization
Managers seeking innovative approaches to business development
Managers wanting to refresh their business acumen and strategic management tools
How will this Training Course be Presented?
This online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.
Developing stronger strategic awareness and business acumen means a more thoughtful analysis, clearer logic underlying business decisions, closer attention to key dimensions of implementation and operation, and more disciplined performance management. This “executive mentality” means greater strategic implementation and consequent success.
See the “big picture” of their organization—how the key drivers of their business
Work together to produce profitable growth
Understand important company communications and data, including financial statements
Use their wider knowledge to make better decisions
Understand how actions and decisions impact key company measures and objectives
Effectively communicate ideas to other employees, managers, and the public
Individuals with business acumen:
Have an acute perception of the dimensions of business issues
Can make sense out of complexity and an uncertain future
Are mindful of the implications of a choice for all the affected parties
Are flexible if further change is warranted in the future
Achieve successful strategic implementation
Day One: The “Business” Process
21st Century Changes and Challenges
Psychological Aspects of Decision Making
Strategic Thinking – Who, How, When & Why
Examples of Strategy Success and Failure
Business Savvy and Business Sense
Business Management and Leadership
Day Two: Strategic Management Skills
Leadership Theories & Styles
Attributes of Successful Leaders
Strategic Skills: Traits or Contextual
Visioning, Communicating & Framing
Team and Organization Perspectives on Implementing Strategies
Leading others through the Strategic Process
Day Three: The Strategic Process
Impact of External Change: Competitive Positioning, Technology, Regulation
Innovation: Blue vs. Red Ocean Strategies
The Strategy Hierarchy
Realizing the Strategies: Making them happen
Recognizing & Reacting to Disruptive Competition
Day Four: Business Acumen
The Dimensions of Business Issues
Business Complexity and Uncertainty
Mindfulness, Sense-making and Resilience
Financial Understanding and Interpretation
Key Stakeholder Analysis
Competitive Strategies required for Success
Problem Solving and Decision Making
Avoid Common Planning Traps and Pitfalls by conducting a Business Strategy Review
Day Five: Strategy Implementation and Communication Plan
Challenges of Mergers & Acquisitions
Test Strategic and Business Models
Explore the Essential Elements needed to implement a Strategic Plan
Develop Profit Improvement Strategies and Planning for Growth
Strategic Execution: Budgeting, Forecasting & Adjusting to Reality
Communicating and Aligning Corporate to Individual Objectives
On successful completion of this online training course, a PetroKnowledge E-Certificate will be awarded to the delegates
In Association With
Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients