[Free] Business Acumen
Business Concepts everyone should know – Free Course
What you’ll learn
- Explain the meaning of Business Acumen
- Describe the importance of Business Acumen
- Explain the common terminologies such as Revenue, COGS, Gross Sale, Net Sale, EDITDA, Margin, Markup etc
- Calculate walkin, conversion, ATV, ABS, ASP, Like-to-Like, Sell through, Inventory Turn over ratio
- Explain impact of cross-selling and up-selling on Sales KPIs
- Explain the meaning and importance of Business Model Canvas
- Describe the key elements of Business Model Canvas
- Casestudy in Business Model Canvas
Requirements
- Nil
Description
Do you know?What were the sales of your favorite company during last year?
Are you updated on what is happening in your company or other companies
Are their sales growing, declining, or flat?
How profitable is that company?
What is the companys cash position?
How does this company in comparison to its competitors?
Why Business Acumen?
Business acumen is the keenness and quickness in understanding and dealing with business to lead to a good outcome
You must have heard the term Tech savvy i.e well informed about or proficient in the use of modern technology, especially computers. Similarly we have this term Business Acumen
Helps you to
See the big picture of your organization
Understand company data and financial statements
Use your knowledge to make decisions
Understand how your actions impact company
Effectively communicate your ideas to others
Key Topics covered:
-
Meaning and Importance
Explain the meaning of Business Acumen
Describe the importance of Business Acumen
-
Common Terminologies
Explain the common terminologies such as Revenue, COGS, Gross Sale, Net Sale, EBITDA, Margin, Markup etc
-
Common KPIs
Calculate walkin, conversion, ATV, ABS, ASP, Like-to-Like, Sell-through, Inventory Turn over ratio
Explain the impact of cross-selling and up-selling on Sales KPIs -
Business Model Canvas
Explain the meaning and importance of Business Model Canvas
Describe the key elements of Business Model Canvas -
Casestudy
Casestudy – Business Model Canvas
