Developing Business Acumen
1h 3mGeneral2025-05-02
Authors

Mike Figliuolo
Founder and Managing Director of thoughtLEADERS, LLC
Course details
In this course, Mike Figliuolo—founder and managing director of thoughtLEADERS, LLC—offers you comprehensive insights into building strong business acumen. Gain a thorough understanding of fundamental business terminology, the basics of your business, and how to identify your customers. Learn how to define products and services and develop effective strategies. Dive into effective ways to assess profit and loss, understand performance levers, evaluate competitive environments, and set strategic priorities. Plus, build up your comprehension of overall operations and organizational structure. By the end of this course, you will be equipped to assess key business functions, consider your sales and marketing approaches, and develop new products.
Learning objectives
Develop a solid understanding of fundamental business terminology and basics.
Identify your target customers and define your products and services effectively.
Formulate and implement pricing and growth strategies to enhance business offerings.
Analyze profit and loss statements and assess key performance indicators to drive business success.
Evaluate the competitive environment, prioritize initiatives, and set strategic goals for sustained business growth.
Learning objectives
Develop a solid understanding of fundamental business terminology and basics.
Identify your target customers and define your products and services effectively.
Formulate and implement pricing and growth strategies to enhance business offerings.
Analyze profit and loss statements and assess key performance indicators to drive business success.
Evaluate the competitive environment, prioritize initiatives, and set strategic goals for sustained business growth.
Skills covered
Personal DevelopmentProfessional DevelopmentOne-Off
Concepts
0. Introduction
- 01 - The keys to understanding your business
1. Business Acumen Basics
- 02 - Build business acumen
- 03 - Understand common terminology
- 04 - Know the basics of your business
2. Your Business Model
- 05 - Identify your customers
- 06 - Define your products and services
- 07 - Build your offerings
- 08 - Define a pricing strategy
3. Your Financials
- 09 - Understand profit and loss
- 10 - Know your performance levers
- 11 - Assess trends
4. Your Strategy
- 12 - React to business disruption
- 13 - Define how you'll compete and win
- 14 - Set priorities
5. Your Operations
- 15 - Know your operations
- 16 - Assess key business functions
- 17 - Consider how you sell and market
- 18 - Assess your organization structure
Conclusion
- 19 - Look at the complete business
Related courses
Related learn paths
- Strategic Execution and Business Impact for Aspiring Managers
- Become a Successful Job Hunter
- Advance Your Skills as a Supply Chain Manager
- Get Ahead in Business Analytics and Analysis
- Develop Your Skills as a Healthcare Project Manager
- Human Resources Foundations by the Chartered Institute of Personnel and Development (CIPD) and LinkedIn
- Become a Technical Program Manager
- Develop Your Skills as a Program Manager