Having an increased literacy in business acumen concepts helps leaders and individuals alike make sense of the financial world and the vast amount of information and data available to them every day. From stimulus checks, to the paycheck protection program, to a stock market that reaches new records on a weekly basis, the last 18 months has required leaders in all industries to understand and make difficult tradeoffs and investments decisions when it comes to bolstering their company’s financial performance. The last 18 months have also proved to be a fascinating time for individual investors with the rise of cryptocurrencies like Dogecoin and with the events of AMC and GameStop.
Strong business leaders understand the need for both business acumen and people leadership competencies. At Insight Experience we are passionate about helping leaders develop both of these skill areas. Our team worked to curate some of the best business acumen we have written over the years to share with your team of leaders and future leaders:
It’s a fact: Effective leadership requires both interpersonal skills and business acumen. Even the most dynamic and well-liked leaders are likely to flounder if they lack overall business sense. But, what exactly is business acumen?
You’ve heard the expressions before, “Cash is king” and “Cash is the lifeblood of a company.” Sounds sensible, but what does it really mean? If cash is king, what about profitability?
Without fail, I am asked by one of my students at the close of sessions how they can continue to build their business acumen skills and knowledge. Here are some of the best resources available to build those business acumen muscles.
Why You Should Teach Strategic Finance and Business Acumen to your Employees: Stories from the Field
At Insight Experience our goal in business acumen leadership development programs is to increase participants’ fluency in financial terminology and decision-making, rather than turning them into finance or accounting professionals. It’s hard to pick favorites, but here today we share a few such success stories from the field.
We sat down with Insight Experience expert facilitator Tim Goodman, who has over 25 years of experience in executive education and management consulting and asked him to share his insights on the benefits of experiential business simulations for participants learning all about financial decision-making processes.
For more on how a business acumen business simulation can help your organization and your leaders, click below: