We have asked this question to sales people, project managers and business leaders over the years.
Not surprisingly, the majority of people aren't even sure if they understand the question, let alone the answer. What do we mean by ‘profit'? Is that Net Income, ROI, Cash Flow?
All of the above is the simple answer. More importantly, understanding how a business makes money, according to whatever definition is used for ‘making money', is the foundation of Business Acumen.
Our Business Acumen program focuses on developing 4 key business acumen skills:
- Understanding the Business and Financial Model for an organization
- Analyzing and Interpreting Financial Results
- Understanding how a company's products and services create value for customers and shareholders
- Communicating Business Acumen