Business Acumen 1
The understanding of how a business functions and performs.
What is Business Acumen
Company website, Financial assets, annual reports (10K), Seed Funding, Oracle tools, News feed
What are Resources to uncover company goals and roadmap?
Manages an organization’s money.
Who or What is Finance?
Something produced or manufactured to be sold; a good.
What is a Product?
The business function responsible for managing the process of creation of goods and services.
Wo or what is Operational Management?
• Recruit to Onboard
• Lead to Opportunity
• Period Close to Financial Report
• Source to Settle
• Supplier Invoice to Payment
Common Business Processes.
A firm held under private ownership.
What is a Private Company
Public Company, Private Company, Public Sector
What is Company Type
Ownership is dispersed among the general public in many shares of stock which are freely traded
What is a Public Company
Organizations that are owned and operated by the government and exist to provide services for its citizens.
What is Public Sector
One business sells goods or services to another business.
What is Business to Business (B2B)?
Work done for pay that benefits another.
What is a Service?
A business sells goods or services directly to the end user.
What is Business to Consumer (B2C)?
How much money a business gets in return from an investment.
What is Return on Investment (ROI)?
A wide range of structured, often chained, activities or tasks conducted by people or equipment to produce a specific service or product for a particular user or consumer.
What are Business Processes?
Small business/SMB, Middle-market, Enterprise. Oracle also uses Hyper-Growth, Growth, Enterprise, and Major.
What are Types of market size?
A hierarchy decision-making structure where all decisions and processes are handled strictly at the top, or at the executive level.
What is Centralized [structure]?
A group of customers at which a company aims its products and services.
What is Selling Market?
Companies that are operated on delegation of decision-making powers and flexible processes.
What is Decentralized [structure]?
A category of similar businesses.
What is Industry?
5 Most Common Departments
What are Marketing, Finance, Operational Management, Human Resource, IT?
Board of Directors, Executives/C- Suites VPs, Directors, Managers, Professionals/Regular Employees.
What is Company Hierarchy?
A system that outlines how certain activities are directed in order to achieve the goals of an organization.
What are Organizational Structures?
The entire amount of income before expenses are subtracted.
What is Revenue?
Determined by multiple factors: revenue, asset size or number of employees.
What is Determination of Market Size?