Importance of Business Acumen Training
What's ironic though is most employees who affect the financial health of the business don't really understand this financial language.
Online, December 19, 2013 (Newswire.com) - Business acumen training is becoming more important because of the increased competitiveness of business. When you think about money it really is the universal language of business! It's how your company, your suppliers and your customers (if you sell business to business) ultimately measure their success and it's how the owners of the business measure their returns.
What's ironic though is most employees who affect the financial health of the business don't really understand this financial language. Good business acumen training helps your employees understand the impact they have and gets them aligned with corporate goals and engaged in improving.
In our opinion the best way of developing business acumen is through business simulations. The logic is simple in that most adults learn best through experience so we create engaging business simulation programs that increase learning, retention and transfer of skills to the job. Traditional classroom style learning is less expensive and more efficient but it also has a very low success rate and what you want to do is increase your chances of success, required for the business profitability.
Experiencing some of the best business simulations is only part of the total learning experience though. To make your business acumen training really stick you need to show how it directly applies to the daily decisions that people make on the job. We recommend looking at the company's financials, the decisions that participants in the program make and then customizing a series of business acumen exercises that apply specifically to them.
Our experience shows that good business acumen training that incorporates experiential business simulations and customized exercises can result in immediate and measureable improvements in profit if you focus on daily decisions.
For more information on the specifics of our business acumen training programs at Lyons & Associates visit us at www.klyons.com
For Further more information business and financial acumen and visit www.klyons.com
Contact:
Murray Lyons
604 541-8885
info@klyons.com
12742 27A Ave.
Surrey, BC
Canada
V4A 2N5
Lyons and Associate