It becomes more and more important that not only certain employees but everyone involved in the business truly appreciate what business is about. Learning how to read annual reports and understanding key ratios or simply the language of business cannot be overrated. This does not mean that you have to be an accountant and it does not mean that it is enough to understand the plus and the minuses but you also have to grasp the way Revenues, Costs and Assets interact from both the What and the How aspect.

It’s very frustrating to meet managers, even at high levels, not understanding the implications of key ratios that dictate what drivers to focus on whether you are talking about company profitability or bonus systems.

We are currently planning a couple of HR Business Partner seminars and you bet Business Acumen is at the core of the training. Not forgetting people of course but emphasis is on getting the business picture.

So it really did happen. We are to train initially a fairly large number of managers around the globe and then if we do well it’s time to work with the whole sales team. Along with that we were fortunate also to have been chosen for a HR Business Partner initiative where our task will be to work on the Business Acumen part.

It’s really quite interesting when you do the sales work you are so focused on making a good impression and maintaining the balance between what is wanted and what is needed and at the same time trying to get a really good grip of the challenge.

Then it’s over and it’s time to go to work and even though you’ve worked a lot during the sales process it’s almost like another ballgame. You cannot relax with approximate numbers or almost facts you have to get it ALL and you have to get it right.

I guess this is why I love the task of working with people and business development. It is such a challenge!!

Gathering facts and turning them into easily understood messages not to directly communicate but for others to appreciate as they try to solve a problem. Learning by doing, Action/problem based learning. The best thing there is!

Now we are really on the Go and will definately try to use this opportunity to let this business grow!

If you are a business training consultant looking for challenges. Please don’t hesitate. Get in touch and let’s have an open discussion with no strings attached.

We will soon be revealing a very interesting job to be done. Here we will connect Leadership with Business Acumen in a challenging  strategical change process. For now though – Let’s just say that we are VERY excited and honored to be given this chance to help shape our clients future together with them.

Work will start already during the summer weeks and the first deliveries will take place in September. We will of course let you know how it works out and we are planning to also let you join us during the development ride. Maybe you have thoughts and ideas to add to our solutions.

We will be looking for truly high class people interested in working with LeaderShapers in the future. Our ambition is to go from an umbrella organization to a truly amazing high class training, coaching and consultancy company with offices in different areas around the globe. If you are interested. Send us a little mail and we will get back to you.

Sure it’s great to have team work and team training but no team will ever be fully functional without individuals that appreciate themselves. Being strong and independant does not necessarily mean that you are egoistic and lack empathy. On the contrary we believe that strong individuals carry less prestige and need to at any cost defend themselves. Insecurity fosters aggression and a desire to identify individuals that are weaker or a mere desire to “show off” in order to make that desperately needed confirmation.

Remember yourself. Stand up for yourself. Identify what stakeholders around you can support you on your journey. Don’t only consider those you meet daily but consider other persons that might be able to support you. Do NOT think about skills alone but add esteem issues based on you as a person.

Find your focus. Your joy. Stick to it. Don’t be alarmed if you cannot find it at once. It will take time and it should take time. Easy wins are great but for those big ones you need to sleep on it and work on it.

Good luck!

It’s quite interesting to work with Business Acumen training. You soon realize that the level of fairly common and basic business acumen competence is very low even at management level. When you start to dig into the different statements and or ask people to explain what Revenues, Costs and Assets really are it reveals some disturbing facts.

Now if you are to execute a new strategy or launch an new work method in order to improve profitability – is it not wise to understand what profitability actually is.

Business acumen skills supports individual understanding of the need for constant change and whatever fancy new management idea that is presented.

Business is to a large degree to do with “Common Sense” but of course that common sense can go from simple to quite delicate and difficult. This is an issue that should be appreciated by each employee. It will save time and increase a drive towards efficiency and focus in a sustainable way.

Not having a good Business Acumen understanding means that you will lose a lot of time and effort. Make it a corporate issue to get everyone involved by making them aware. Sustainable engagement will depend on this.

 

Individuals, teams and organizations suffer from trust deficit. This is best manifested by lack of focus and a never ending desire to please and thereby act in an irrational and often costly manner. Trust is the combined value and balance between self-esteem and self-confidence. The week point is often the esteem part  which suffers from too much focus on the ability to deliver. We put so much emphasis on the ability that we easily forget the person behind the title. This is a costly mistake. If you believe that decisions are taken in a 100% rational way – please think again. We are humans and humans act irrationally even in very information intensive situations. The more we know about ourselves and other stakeholders as human beings the bigger is the chance of taking correct decisions/action.

True Trust is essential in order to be able to live according to ambitious core values. Without a clear and honest link between corporate values and visible culture we will have a big problem delivering what our fancy brand image promises. If that happens then we will be offering but lies and our customers will face repeated under-performance.

This is part of what we work with and we would be happy to support you developing True Trust.

There is a dilemma to handle that is present almost everyday in our private life as well as in our professional one – to balance long term success with short term profits/recognitions/rewards. Whether this is about losing weight, increasing profitability, running faster or improve the way we handle our inventories or shorten the queues at the hospital emergency. What is the answer then? Is there a hidden holy grail that will help us solve this? The simple answer is Yes and No.

The yes would guide you in the direction of the multitude of self-help or managment solution books to be found on the shelfs. For sure there are answers to be found there – however the answers tend to vary depending on what is fashionable or acceptable at that particular time.

The no would simply show you the rate of failures when it comes to weight loss or following strategies.

First of all one has to remember one thing and that one thing is that we are humans and humans are by nature prone to go for the easy wins and we love recognition whether it is inner or external is quite irrelevant. We are love and reward seekers. Compared with other animals we are extremely curious.

The problem with that is that we quite often don’t go for the rational solution but the seemingly easier, cheaper and more direct way to success. When trying to lose weight we go on sudden desert starvation methods only to find that when we hit the food oasis our bodies act the only way they can – They put as much as possible away for the next starvation. When we start cost cutting processes in our companies and organizations we aim for the obvious and easy wins that give quick, visible results only to later find out that we took away “good” costs and that that hurt our customer process or internal loyalty level.

Our thought on Corporate ADHD is quite revolutionary in all its simplicity. By using our easy to use analysis tool (COAH) you can define your level of ability to focus and achieve and if perhaps your organization suffers from collective ADHD which hinders you in your development and creates tension and conflict in your daily life.

Our solution to this connects to the fact that deep down below we are seeking for meaning and purpose and if that is supported by trust we can accomplish miracles. If to that you add free will then the sky is the limit.

We have two basic models that can help you work this out and we would love to show you more about it.

One is the Common Purpose and the other is the Trust Meaning one and if you would look for a hidden holy grail in what we do we would probably boil it down to the words Focus in Balance with an Open mind that is supported by true understanding. Sounds weird? Well it is NOT. This is quite simple and straight forward but it takes some reflection and guidance.

Normally we use one of our advanced Business Simulations to provoke situations that are similar to your actual daily life and on top of that those sims are there to enhance true understanding of the business and its components. You could say that we combine Business and People Acumen but really what we do is create meaning and support trust and individual, team and corporate level.

Get in touch so that we can tell you about how to shape up in a fun and rewarding way without losing sight of the end result.

Thumbs upApart from getting Visions, Goals and Strategies right you must understand the underlying triggers to make things happen. They can sometimes be fairly obvious but more often they are complex and require attention and not least time.

What is it that holds us back from moving forward although we know but too well why, how and who?

We’d love to tell you more about our thoughts on this and on how we can help you.

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