Tag: Acumen

Stackable Business Credentials*, business acumen.#Business #acumen


Business Acumen is Our Mission

Our Cloud-Based SaaS Business Acumen Software and Stackable Credentials are knowledge-heavy and expense-lite.

  • Business acumen
  • Business acumen

Business acumen

Acumen Framework

Business acumen

12+ Years of R D

Business acumen

Your Personal Economy

Business acumen

Sample Flashcards

*MBA Programs Are Not Created Equally

There are great MBA programs, and then there are MBA programs that provide ‘questionable’ value. We have no intention of disrupting the great MBA programs out there. We only exist to disrupt the latter category of MBA programs worldwide.

We see the MBA as comprised of the following three Learning Components:

Business acumen

The great MBA programs focus on ‘Application’ and Experiential Learning by strengthening an individual’s decision-making, judgment, and leadership style as well as extensively studying business case studies in a variety of learning formats. As a rule of thumb, the great MBA programs have admissions criteria as a way of ensuring you can handle the Application and Experiential Learning components. If the MBA program is mostly Knowledge -based, it generally doesn t have admissions criteria, like the GMAT. We believe the GMAT is a litmus test of how well the business school incorporates all 3 Learning Components.

If an MBA program is predominantly Knowledge -based, then we believe it provides little value when compared to the expense involved. We believe the ‘Knowledge’ component of an MBA can be downshifted via Cloud-Based SaaS Business Acumen Software and Stackable Credentials, enabling you to choose an MBA program that provides Application and Experiential Learning . You do not need to spend $30k-$50k on MBA programs that are primarily ‘Knowledge -based’.

We have created Software and Stackable Credentials based on the ‘Knowledge’ component of the MBA so that you:

  • Grow your Business Acumen without having to enroll in an MBA
  • Save 90% of the cost of an MBA (our programs are between $1500-$5000) and redeploy the that time and money into other areas of your life and career
  • Immediately apply the ‘Knowledge’ component to your existing job, giving you the confidence and impact for career progression
  • Gain the recognition from your employers, peers, and clients that you have the initiative and commitment to develop your own Business Acumen
  • Have the luxury of choosing MBA programs as needed later in your career that focus on ‘Application’ and ‘Experiential Learning

Business Acumen First Then the MBA Degree at the Right School at the Right Time for the Right Reasons

*For brevity on this website, when we say Business Acumen, we mean Business Acumen and Leadership Acumen.


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Business Acumen Definition from Financial Times Lexicon, business acumen.#Business #acumen


lexicon

Business acumen is keenness and speed in understanding and deciding on a business situation.

In practice, people with business acumen are thought of as having business ‘sense’ or business ‘smarts’. They are able to obtain essential information about a situation, focus on the key objectives, recognise the relevant options available for a solution, select an appropriate course of action and set in motion an implementation plan to get the job done. When they discover that changes are required to adapt to unforeseen circumstances, they make the adjustments as necessary and keep the activity moving forward. They are more often right than wrong in their assessments and choices and are admired by others both for their acumen and business success.

People with strong business acumen use an explicit or implicit business framework to ensure completeness and integration as they assess a business situation. The framework links the objectives of key stakeholders, the competitive strategies required for success, the people and activities needed to produce and sell products and services, and the business processes that support a manager’s ability to deal with the complexity. The framework is robust and therefore generally applicable to all types of business activity. In a particular business, this framework is often referred to as the business model.

Business acumen also requires a thought process that ensures a focus on critical factors, an appreciation of the future consequences of actions taken today and the recognition that future activities require constant monitoring and adjustment when things don’t go according to plan. These three ideas are summarised by the terms mindfulness, sense-making and resilience.

Business acumen is learned, not innate. A person develops business acumen through some combination of business experience and formal training. Such personal development requires an understanding and application of the management processes to ensure a disciplined and consistent approach to analysis and decision making.

Steve Jobs had business acumen. It has been said that most if not all of the key technologies underlying the iPad existed prior to the creation and success of that device. Additionally, most of the functionality provided by the iPad was already available to consumers through other devices. Jobs succeeded in creating a unique combination of functionality, convenience in use and accessibility that offered compelling value to customers, suppliers (creators of applications) and investors. The foresight and insight that leads to such a creative merging of stakeholder interests is the essence of business acumen. [1]


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Business Acumen Skills Training by Advantexe, business acumen.#Business #acumen


BUSINESS ACUMEN Training Solutions

Understand how functional decision-making impacts the strategic success and financial performance of your organization.

Business acumen

“If you don’t drive your business, you will be driven out of business.”

  • Business skills are the third most important behavioral competency needed to succeed, trailing only Leadership and Ethics. (SHRM)
  • “Successful digital business transformation requires every individual to acquire and demonstrate business acumen to effectively execute on the digital business strategy.” (CIO Magazine)
  • For those companies that align learning and business priorities more than 70 percent were able to improve company revenue. (Brandon Hall)
  • Take the complexity and mystery out of business
  • Build confidence to clearly understand how their role and decision-making impacts your company’s bottom line
  • Enhance problem solving techniques and critical thinking skills in relation to making decisions that directly affect revenue generation and cost management

  1. Assessment
  2. Pre- and post-work
  3. Live or online learning sessions
  4. Computer-based simulations
  5. Action planning sessions
  6. Post learning reinforcement and practical application exercisesBusiness acumen

Advantexe maintains a library of over 150 in-depth content modules that provide the foundation for our learning programs and cover a wide range of business topics. These core areas include Strategy, Finance, Operations, Supply Chain, Sales and Marketing. This comprehensive library of thought leadership content will allow your employees to focus on:

  • Having the insight, knowledge, and understanding to reduce non-essential spending, not just cut costs.
  • Creating accountability where employees fully understand the implications and impact of their decision-making across functions
  • Truly understanding your company’s financial goals and the “metrics that matter” to manage, lead, and execute your strategy and innovation more effectively
  • Looking for ways to motivate and engage employees (especially as Millennials enter the workforce) to leverage changes in the business and optimize new global and digital opportunities

What is unique about our training approach is how we put theory Business acumeninto practice. Working with you, we ensure that your objectives are met by incorporating computer-based business simulations as a catalyst for performance improvement and sustained change back on the job. Advantexe’s gold medal award winning simulations are proven and effective tools for driving learning. They provide a risk-free, engaging atmosphere where innovation and creativity can be applied in real-world contexts to practice and build skills.

  • Participants from a leading pharmaceutical company identified $92,000,000 in cost savings or revenue generation
  • Participants from a publicly-traded communications company identified $10,231,848 in cost savings or revenue generation
  • We experienced a 26% increase in the ability of our team to ‘Read and understand the three basic financial statements: Income Statement, Balance Sheet, and Cash Flow Statement’.

Where do you Start? Contact Advantexe

Stop your searching and learn more about how Advantexe can help reinvent your company by driving improved business decision-making, knowledge, performance and results.

Please contact Jim Brodo directly at [email protected] , or call us at 610-828-8707 to begin your learning journey.

Additional Resources and Information

You can also click on a link below to learn more about each of our core content areas of:

Business acumen

Business acumen

Business acumen

Business acumen

Business acumen

Business acumen

Business acumen

Because of Advantexe’s program I stopped paying external resources over a million dollars and hired a person at $150,000 and bought new instruments for $700,000. I’ll save $350,000 this year and over a million next year.

  • Manager, Leading Pharmaceutical Company

Contact Advantexe to learn more about our BA training solutions


Tags : ,

Stackable Business Credentials*, business acumen.#Business #acumen


Business Acumen is Our Mission

Our Cloud-Based SaaS Business Acumen Software and Stackable Credentials are knowledge-heavy and expense-lite.

  • Business acumen
  • Business acumen

Business acumen

Acumen Framework

Business acumen

12+ Years of R D

Business acumen

Your Personal Economy

Business acumen

Sample Flashcards

*MBA Programs Are Not Created Equally

There are great MBA programs, and then there are MBA programs that provide ‘questionable’ value. We have no intention of disrupting the great MBA programs out there. We only exist to disrupt the latter category of MBA programs worldwide.

We see the MBA as comprised of the following three Learning Components:

Business acumen

The great MBA programs focus on ‘Application’ and Experiential Learning by strengthening an individual’s decision-making, judgment, and leadership style as well as extensively studying business case studies in a variety of learning formats. As a rule of thumb, the great MBA programs have admissions criteria as a way of ensuring you can handle the Application and Experiential Learning components. If the MBA program is mostly Knowledge -based, it generally doesn t have admissions criteria, like the GMAT. We believe the GMAT is a litmus test of how well the business school incorporates all 3 Learning Components.

If an MBA program is predominantly Knowledge -based, then we believe it provides little value when compared to the expense involved. We believe the ‘Knowledge’ component of an MBA can be downshifted via Cloud-Based SaaS Business Acumen Software and Stackable Credentials, enabling you to choose an MBA program that provides Application and Experiential Learning . You do not need to spend $30k-$50k on MBA programs that are primarily ‘Knowledge -based’.

We have created Software and Stackable Credentials based on the ‘Knowledge’ component of the MBA so that you:

  • Grow your Business Acumen without having to enroll in an MBA
  • Save 90% of the cost of an MBA (our programs are between $1500-$5000) and redeploy the that time and money into other areas of your life and career
  • Immediately apply the ‘Knowledge’ component to your existing job, giving you the confidence and impact for career progression
  • Gain the recognition from your employers, peers, and clients that you have the initiative and commitment to develop your own Business Acumen
  • Have the luxury of choosing MBA programs as needed later in your career that focus on ‘Application’ and ‘Experiential Learning

Business Acumen First Then the MBA Degree at the Right School at the Right Time for the Right Reasons

*For brevity on this website, when we say Business Acumen, we mean Business Acumen and Leadership Acumen.


Tags : ,

Defining Business Acumen #business #plan #writers


#business acumen

#

Defining Business Acumen

In today’s complex global business environment, organizations can survive or fail, and individual’s careers can stall or excel, based on the level and proficiency of business acumen skills within their company. Just ask any c-suite executive if having a strong business skill set has been critical for their own success and we guarantee they will say yes! With this being such an important competency, defining Business Acumen and getting everyone on the same page about what it means is critical.

Advantexe is a training and consulting firm that specializes in the design, development, and delivery of simulation-centric talent development engagements that focus on Business Acumen develop ment. Based our work with cross functional teams, new hires, emerging leaders, and some of the top business leaders around the world, here is how we are defining business acumen.

Business Acumen Definition

Business Acumen is the deep and applicable understanding of the system of how a business achieves its goals and objectives. It includes a thorough understanding of the levers that create and position a value proposition to customers and it drives profitability, cash flow, and shareholder value. Specifically, the definition is an understanding and awareness of how to think about and successfully make the right business decisions. The term business acumen should be broken down into two primary areas:

  1. Industry-specific knowledge and skills
  2. Strategic thinking tools and skills.

Industry knowledge skills include:

  • Understanding and impacting the Profit Loss statement, the Balance Sheet, and Cash Flow Statement,
  • Comprehending the industry ecosystem and local market (customers),
  • Analyzing and using data.

Strategic thinking skills include using sound business judgment, having a general manager mindset (assessing a market and setting direction), and being able to predict contingent outcomes from both customer and competitive perspectives.

Taking an even deeper dive into the definition, let’s focus on three primary characteristics that comprise the series of Business Acumen competencies in today’s business leaders:

  • A General Manager Mindset
  • Financial Acumen
  • Ability to Lead and Support Strategic Execution

A General Manager Mindset

  • Understands the complete business ecosystem including developing and executing strategy, the integration of internal operations to deliver the value proposition, the supply chain, market trends, customer needs and segments, and competitive analysis.
  • Knowledgeable in current and possible future trends, policies, practices, innovations, and information affecting his / her business and organization.
  • Understands the global marketplace and can function globally and locally at the same time.
  • Is able to think strategically and tactically with a focus on business results.
  • Understand company and client financial metrics and performance and the impact business decisions have on the P L, Balance Sheet, and Cash Flow statements.
  • Understands and communicates the drivers of shareholder value and the key decisions that drive it in the short and long-term.
  • Is aware how strategies and tactics work in the marketplace and in regards to your company business.

Ability to Lead Strategic Execution

  • Is able to develop and execute a competitive analysis and lead the changes that create differentiation and growth.
  • Is able to execute strategies through people by providing leadership, feedback, coaching, utilizing influence, managing conflict, and developing talent for long-term success.

The Last Word: Overusing Business Acumen

As with most competency models and discussions, sometimes they can be overused to the detriment of the individual and organization. With any acumen develop ment process, an individual or leader may overdevelop, or depend too heavily upon industry and business knowledge skills at the expense of personal, interpersonal, managerial, and leadership skills.


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Defining Business Acumen #home #based #businesses


#business acumen

#

Defining Business Acumen

In today’s complex global business environment, organizations can survive or fail, and individual’s careers can stall or excel, based on the level and proficiency of business acumen skills within their company. Just ask any c-suite executive if having a strong business skill set has been critical for their own success and we guarantee they will say yes! With this being such an important competency, defining Business Acumen and getting everyone on the same page about what it means is critical.

Advantexe is a training and consulting firm that specializes in the design, development, and delivery of simulation-centric talent development engagements that focus on Business Acumen develop ment. Based our work with cross functional teams, new hires, emerging leaders, and some of the top business leaders around the world, here is how we are defining business acumen.

Business Acumen Definition

Business Acumen is the deep and applicable understanding of the system of how a business achieves its goals and objectives. It includes a thorough understanding of the levers that create and position a value proposition to customers and it drives profitability, cash flow, and shareholder value. Specifically, the definition is an understanding and awareness of how to think about and successfully make the right business decisions. The term business acumen should be broken down into two primary areas:

  1. Industry-specific knowledge and skills
  2. Strategic thinking tools and skills.

Industry knowledge skills include:

  • Understanding and impacting the Profit Loss statement, the Balance Sheet, and Cash Flow Statement,
  • Comprehending the industry ecosystem and local market (customers),
  • Analyzing and using data.

Strategic thinking skills include using sound business judgment, having a general manager mindset (assessing a market and setting direction), and being able to predict contingent outcomes from both customer and competitive perspectives.

Taking an even deeper dive into the definition, let’s focus on three primary characteristics that comprise the series of Business Acumen competencies in today’s business leaders:

  • A General Manager Mindset
  • Financial Acumen
  • Ability to Lead and Support Strategic Execution

A General Manager Mindset

  • Understands the complete business ecosystem including developing and executing strategy, the integration of internal operations to deliver the value proposition, the supply chain, market trends, customer needs and segments, and competitive analysis.
  • Knowledgeable in current and possible future trends, policies, practices, innovations, and information affecting his / her business and organization.
  • Understands the global marketplace and can function globally and locally at the same time.
  • Is able to think strategically and tactically with a focus on business results.
  • Understand company and client financial metrics and performance and the impact business decisions have on the P L, Balance Sheet, and Cash Flow statements.
  • Understands and communicates the drivers of shareholder value and the key decisions that drive it in the short and long-term.
  • Is aware how strategies and tactics work in the marketplace and in regards to your company business.

Ability to Lead Strategic Execution

  • Is able to develop and execute a competitive analysis and lead the changes that create differentiation and growth.
  • Is able to execute strategies through people by providing leadership, feedback, coaching, utilizing influence, managing conflict, and developing talent for long-term success.

The Last Word: Overusing Business Acumen

As with most competency models and discussions, sometimes they can be overused to the detriment of the individual and organization. With any acumen develop ment process, an individual or leader may overdevelop, or depend too heavily upon industry and business knowledge skills at the expense of personal, interpersonal, managerial, and leadership skills.


Tags : , ,

BUSINESS ACUMEN #small #business #saturday


#business acumen

#

OUR SOLUTION PLATFORMS

Every company stands to gain competitive advantage by employing people who understand how their organization makes money. We help learning take hold through interactive business games and simulations that help members of the organization row the boat without rocking it. Our business acumen platforms are designed to increase the big-picture thinking, decision-making prowess, business and financial literacy of any audience within your organization. Through experiential learning and discovery, we help steer your people in the right direction by making this hard to grasp subject matter easy to understand (and FUN).

Download our latest Business Acumen eBook.

…it will allow me to have a meaningful conversation with our CFO about why we need a piece of equipment in the Operating Room, and in his language!”

Providence Health Services

ZODIAK® – INDUSTRIES SERVICES ORGANIZATIONS

In every industry, the way leaders, managers, sales teams, and employees deal with processes, products, finances, and customers is critical. Whether your industry is manufacturing, consumer products, financial services, healthcare, or others, your leaders need to understand these concepts. Zodiak is a powerful platform that incorporates a fast-paced classroom business simulation—enhanced with technology components and customized to meet unique needs. The program guides learners to discover how business really works and how they impact the bottom line. Armed with on-the-job tools, a community of resources and best practices, and targeted sustainability, they are ready to take action to drive results.

Schedule a 15-min consultation.

Here’s your whitepaper.


Tags : ,

BUSINESS ACUMEN #business #forum


#business acumen

#

OUR SOLUTION PLATFORMS

Every company stands to gain competitive advantage by employing people who understand how their organization makes money. We help learning take hold through interactive business games and simulations that help members of the organization row the boat without rocking it. Our business acumen platforms are designed to increase the big-picture thinking, decision-making prowess, business and financial literacy of any audience within your organization. Through experiential learning and discovery, we help steer your people in the right direction by making this hard to grasp subject matter easy to understand (and FUN).

Download our latest Business Acumen eBook.

…it will allow me to have a meaningful conversation with our CFO about why we need a piece of equipment in the Operating Room, and in his language!”

Providence Health Services

ZODIAK® – INDUSTRIES SERVICES ORGANIZATIONS

In every industry, the way leaders, managers, sales teams, and employees deal with processes, products, finances, and customers is critical. Whether your industry is manufacturing, consumer products, financial services, healthcare, or others, your leaders need to understand these concepts. Zodiak is a powerful platform that incorporates a fast-paced classroom business simulation—enhanced with technology components and customized to meet unique needs. The program guides learners to discover how business really works and how they impact the bottom line. Armed with on-the-job tools, a community of resources and best practices, and targeted sustainability, they are ready to take action to drive results.

Schedule a 15-min consultation.

Here’s your whitepaper.


Tags : ,

Defining Business Acumen #comcast #business #phone


#business acumen

#

Defining Business Acumen

In today’s complex global business environment, organizations can survive or fail, and individual’s careers can stall or excel, based on the level and proficiency of business acumen skills within their company. Just ask any c-suite executive if having a strong business skill set has been critical for their own success and we guarantee they will say yes! With this being such an important competency, defining Business Acumen and getting everyone on the same page about what it means is critical.

Advantexe is a training and consulting firm that specializes in the design, development, and delivery of simulation-centric talent development engagements that focus on Business Acumen develop ment. Based our work with cross functional teams, new hires, emerging leaders, and some of the top business leaders around the world, here is how we are defining business acumen.

Business Acumen Definition

Business Acumen is the deep and applicable understanding of the system of how a business achieves its goals and objectives. It includes a thorough understanding of the levers that create and position a value proposition to customers and it drives profitability, cash flow, and shareholder value. Specifically, the definition is an understanding and awareness of how to think about and successfully make the right business decisions. The term business acumen should be broken down into two primary areas:

  1. Industry-specific knowledge and skills
  2. Strategic thinking tools and skills.

Industry knowledge skills include:

  • Understanding and impacting the Profit Loss statement, the Balance Sheet, and Cash Flow Statement,
  • Comprehending the industry ecosystem and local market (customers),
  • Analyzing and using data.

Strategic thinking skills include using sound business judgment, having a general manager mindset (assessing a market and setting direction), and being able to predict contingent outcomes from both customer and competitive perspectives.

Taking an even deeper dive into the definition, let’s focus on three primary characteristics that comprise the series of Business Acumen competencies in today’s business leaders:

  • A General Manager Mindset
  • Financial Acumen
  • Ability to Lead and Support Strategic Execution

A General Manager Mindset

  • Understands the complete business ecosystem including developing and executing strategy, the integration of internal operations to deliver the value proposition, the supply chain, market trends, customer needs and segments, and competitive analysis.
  • Knowledgeable in current and possible future trends, policies, practices, innovations, and information affecting his / her business and organization.
  • Understands the global marketplace and can function globally and locally at the same time.
  • Is able to think strategically and tactically with a focus on business results.
  • Understand company and client financial metrics and performance and the impact business decisions have on the P L, Balance Sheet, and Cash Flow statements.
  • Understands and communicates the drivers of shareholder value and the key decisions that drive it in the short and long-term.
  • Is aware how strategies and tactics work in the marketplace and in regards to your company business.

Ability to Lead Strategic Execution

  • Is able to develop and execute a competitive analysis and lead the changes that create differentiation and growth.
  • Is able to execute strategies through people by providing leadership, feedback, coaching, utilizing influence, managing conflict, and developing talent for long-term success.

The Last Word: Overusing Business Acumen

As with most competency models and discussions, sometimes they can be overused to the detriment of the individual and organization. With any acumen develop ment process, an individual or leader may overdevelop, or depend too heavily upon industry and business knowledge skills at the expense of personal, interpersonal, managerial, and leadership skills.


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Business Simulations to Develop and Assess Business Acumen #business #ethics #articles


#business simulation

#

Put the Experience in Learning

Students in entry-level business courses can now experience what it’s like to manage a business. CapsimCore excites students about business by exposing them to concepts and terminology in a fun and engaging simulated environment.

Simulation Specs

Market Segments: 2 | Products: Starting – 1, Max – 5 | Class Type: In-person, Online, Hybrid | Decision: R D, Marketing, Production, Finance

Through Foundation . students get the chance to develop a holistic understanding of how a business works as an integrated system while providing a basis for strategic thought.

Simulation Specs

Market Segments: 2 | Products: Starting – 1, Max – 5 | Class Type: In-person, Online, Hybrid | Decision: R D, Marketing, Production, Finance, TQM, HR

Fundamentals of Business Strategy

GlobalDNA provides students with a platform to explore why and how companies choose to compete internationally. As they gain insight into multinational operations, they are challenged by differing market conditions and how those conditions influence strategy.

Simulation Specs

Market Segments: 2 | Products: Starting – 1, Max – 4 | Class Type: In-person, Online, Hybrid | Decision: R D, Marketing, Production, Finance

International Business Strategy

Our most comprehensive simulation, Capstone challenges students to draw on their acquired knowledge to create and execute a strategy in a competitive and dynamic environment.

Simulation Specs

Market Segments: 5 | Products: Starting – 5, Max – 8 | Class Type: In-person, Online, Hybrid | Decision: R D, Marketing, Production, Finance, TQM, HR, Labor Negotiations

Advanced Business Strategy

Capsim’s Commitment

At Capsim, customers come first. In everything we do – from providing you with unlimited training and support to developing new products and features based on your feedback – our focus is to provide you with the best learning experience.

To ensure the best experience for our customers we have a:

Customer Relationship Services team dedicated to training professors and providing unlimited support for each course

Program Delivery team dedicated to creating and delivering the best solutions for our corporate customers to fit their unique training needs

Product Design Development team dedicated to creating products of the highest quality

Sincerely,
Reda Chafai
President


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