Commercial acumen is integral knowledge that no senior leader can afford not to have. It is knowing how your business makes money. As businesses become more sophisticated with multiple revenue streams, the business acumen for making correct commercial decisions that influence bottomline figures is vital.
Having worked with organisations over many years we have realised that most employees cannot read a Profit and Loss Statement. Most employees, including senior and frontline managers, don’t understand the difference between profit and cash, and why that difference is important. In our experience this includes ASX 200 and top 50 businesses.
Our Commercial Acumen program ensures your people are across the financial concepts, risks and realities that make business tick.
Commercial Acumen is designed to meet the needs of senior managers and other employees, with adjustment of content in consultation with your organisation.
The program has been designed to provide employees at all levels with:
- A better understanding of their organisation’s business model;
- A working knowledge of business success factors and their own role in that success;
- A solid understanding of finance principles and day-to-day application in commercial activities;
- The ability to read financial statements.