The Business Acumen Canvas
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Based on research conducted by the Business Acumen Institute, leaders believe the most visible gap is related to the skills and capabilities that comprise ‘business acumen’. This tool will help you visualize the dimensions of business acumen, and all of the skills the comprise it. Brought to you by The Business Acumen Institute. To learn more about business acumen training, visit https://businessacumeninstitute.com
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The document discusses key concepts for business leaders including developing an innovation system, balancing the business system, synergizing business processes, and developing growth strategies. It provides definitions and explanations of vision, mission, goals, and strategic intent. The document is a presentation from Vadim Kotelnikov on becoming a SMART business architect by building a balanced and synergistic enterprise focused on innovation and growth.
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Grading guidelines: Compose a journal assignment of at least two paragraphs as a Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Your journal assignments must follow APA formatting guidelines.
Visit the U.S. Bureau of Labor Statistics' website, specifically the pages on Social and Human Service Assistants and Community and Social Service Occupations. Also visit the What Is Human Services? page of the National Organization for Human Services.
· In a journal posting, share what type of agency you might be interested in working for and what type of human services network (e.g., community resources) you would need to familiarize yourself with in order to address the needs of your clients.
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Overview
For the capstone assessment, you will create a business implementation plan and audiovisual presentation for the product, service, or idea you have been
developing throughout your MBA coursework. You will be assessed through two artifacts. The first will be a business implementation plan, detailing the concept
and proposed implementation for potential investors or senior managers. The second artifact will be an audiovisual presentation designed to pitch the concept
(including implementation) to the same audience.
To effectively respond to the demands of a rapidly evolving business environment, today’s business managers need to possess a solid grounding in the theory,
best practices, and approaches that drive internal decision-making as well as the various external factors that can impact business choices. Perhaps no function
encompasses as many of these critical skills as ushering a new business idea, product, or service from initial conception to implementation. Throughout your
MBA coursework, you have been working to develop a business concept (product, service, or idea), considering the different elements that impact decision
making and creating a business plan for moving the concept forward successfully. As the final step in your journey toward your Master of Business Administration
degree, your capstone will bring all that work to the doorstep of implementation through the creation of a business implementation plan and an audiovisual
presentation designed to present the idea to potential investors or senior managers. You will integrate the knowledge and skills you have developed in previous
coursework and over the duration of the term with the goal of having a “ready to launch” project that you can present to an employer or potential financial
backer moving forward.
The capstone project is composed of two components. The first is a business implementation plan detailing your concept and its proposed imp ...
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The document discusses various techniques for measuring business performance, including the balanced scorecard, activity-based management, risk analysis, and talent management. It emphasizes that measuring performance allows businesses to know if strategies are working, identify areas for improvement, and set goals. Regular measurement and comparing results to peers can help businesses anticipate changes, develop solutions to grow, and continually improve their performance.
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The Business Acumen Canvas
- 1. A TOOL TO HELP YOU VISUALIZE THE DIMENSIONS OF BUSINESS ACUMEN The Business Acumen Canvas businessacumeninstitute.com© Business Acumen Institute
- 2. THE VISIBLE GAP The success of any enterprise is based on two things: its products & services and its talent pool. Most firms have a grasp on the cycles of innovation and in the effective management of its products and portfolios. However, from the point of view of business talent, there are some gaps. Based on research conducted by the Business Acumen Institute, leaders believe the most visible gap is related to the skills and capabilities that comprise ‘business acumen’. THE BUSINESS ACUMEN CANVAS The Business Acumen Canvas is a tool that you can use to visualize the dimensions of business acumen, and to more effectively target the areas that must be cultivated. Within the context of the external environment in which the company operates, there are two distinct levels of business acumen: • MINDSET: those characteristics that are associated with people who can see the big picture and connect the dots. • CAPABILITY: those distinct areas that comprise the company’s business activities. We want to help you cultivate business talent so that you can more effectively compete and win in the market. businessacumeninstitute.com© Business Acumen Institute
- 3. t The Business Acumen Canvas A VISUAL MODEL businessacumeninstitute.com© Business Acumen Institute Utilizing Teams and Influencing People Using Processes Used to Get Work Done Managing Projects Targeted at Goal Attainment Understanding the Products Sold by the Firm Understanding Finance and Financial Analysis Formulating Goals and Strategies Analyzing Data to Solve Problems and Make Decisions Assessing Business Performance THINKING STRATEGICALLY BUILDING INTERNAL RELATIONSHIPS CULTIVATING EXTERNAL RELATIONSHIPS BEING OUTCOME DRIVEN TAKING ACTION ASSUMING RESPONSIBILITY EARNING CREDIBILITY MARKET SEGMENTS VALUE PROPOSITION COMPETITIVE ADVANTAGE REVENUE MODEL DISTRIBUTION CHANNELS GLOBAL PRESENCE INDUSTRY / SECTOR TRENDS TECHNOLOGY C A PA B I L I T Y M I N D S E T E X T E R N A L
- 4. t The Business Acumen Handbook D I V E I N W I T H T H E B U S I N E S S A C U M E N H A N D B O O K The main idea behind The Business Acumen Handbook is to help managers understand the pillars of their company’s business, and to operate more effectively and efficiently. After reading this book, you'll be able to: • Understand and apply the dimensions of business acumen that focus on people, processes, projects, and products so that you can see the “big picture of business” • Incorporate finance, strategy, and performance management into your professional mindset • Develop a model for how to effectively communicate with, and influence others. • Understand complex business situations, evaluate facts and data, and make better decisions businessacumeninstitute.com© Business Acumen Institute The book is filled with tools, templates, exercises, and guidelines. It also introduces readers to their own individual business acumen assessment so that they can create a purposeful career and professional development strategy.
- 5. GET STARTED WITH THE BUSINESS ACUMEN INSTITUTE We’d Love To Talk About How We Can Work With Your Team CONTACT US TODAY businessacumeninstitute.com© Business Acumen Institute