When you enroll in this course, you'll also be enrolled in this Specialization.
Learn new concepts from industry experts
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Develop job-relevant skills with hands-on projects
Earn a shareable career certificate
There are 3 modules in this course
Successful leaders help their organizations create value, earn profits and outperform rivals. That requires having an enterprise mindset—thinking critically about how your organization operates and how it can improve. To do that, you need to understand business fundamentals so you can contribute to key discussions, make smart choices, and achieve goals.
In this course, you'll learn how to evaluate and support your company’s financial health, business model, and competitive strategy. You'll find out how to make good business decisions—and avoid decision-making pitfalls—by using a smart, structured process. You'll learn how to lead effective group decisions and how to improve decisions with data. As you build these skills, you’ll develop your ability to think, act, and speak like a leader.
How can you best help your organization thrive? By developing your business acumen—knowledge of how organizations operate, create value, and gain competitive advantage. Take your career to the next level by learning business and finance basics, and developing an enterprise mindset.
What's included
13 videos30 readings1 assignment
Show info about module content
13 videos•Total 38 minutes
Know About Business to Grow in Business•3 minutes
Level Up at Work: Understand Your Organization’s Big Picture•3 minutes
Building Blocks of Business Success•3 minutes
Add Value with Complements•3 minutes
Why Gross Profit Matters•2 minutes
The Income Statement: Tracking Profit and Loss•4 minutes
What Can You Find on a Balance Sheet?•3 minutes
What to Know About Cash Flow•3 minutes
A Tale of Two Business Models•4 minutes
Creating a Winning Business Model•3 minutes
What a Change in Business Model Can Do•3 minutes
Strategy: A Plan to Create Value•3 minutes
How a Change in Strategy Saved Best Buy•3 minutes
30 readings•Total 300 minutes
Why You Need Business Acumen•10 minutes
What is business acumen?•10 minutes
Four questions to build your business acumen•10 minutes
How business acumen benefits you•10 minutes
Learn What Makes Organizations Thrive•10 minutes
Four building blocks of business success•10 minutes
Satisfy customer needs better than the competition•10 minutes
Generate a healthy cash flow•10 minutes
Maximize return on invested capital•10 minutes
Drive profitable growth•10 minutes
Responsible growth•10 minutes
Financial health basics•10 minutes
Why assess your organization’s health?•10 minutes
The income statement•10 minutes
The balance sheet•10 minutes
The cash flow statement•10 minutes
Use your insights•10 minutes
Build Your Financial Skills•10 minutes
Business Model Basics•10 minutes
What’s a business model?•10 minutes
Key questions to understand your business model•10 minutes
What makes a good business model?•10 minutes
Business models versus business strategies•10 minutes
Know Your Organization’s Strategy•10 minutes
What’s a business strategy?•10 minutes
Why you should know about strategy•10 minutes
Strategy creates value•10 minutes
Strategy based on customers•10 minutes
Strategy based on employees•10 minutes
Strategy based on suppliers•10 minutes
1 assignment•Total 30 minutes
Sharpening Your Business Acumen Assessment•30 minutes
Decision Making
Module 2•6 hours to complete
Module details
Smart decisions are a key to business success. Boost your decision-making skills by learning how to avoid common pitfalls and use an effective process to spark innovative thinking. Discover strategies to get the most out of group decisions and apply data to answer important questions and evaluate your options.
What's included
10 videos28 readings1 assignment
Show info about module content
10 videos•Total 25 minutes
Cultural Diversity Leads to Better Decision Making•3 minutes
Diagnostic Thinking•3 minutes
The Hidden Traps in Decision Making•2 minutes
Flawed Decision Making and How to Avoid It•3 minutes
Different Perspectives Lead to Better Decisions•2 minutes
Challenge a Hypothesis to Make a Better Decision•3 minutes
Make Good Team Decisions•3 minutes
Help Your Team Learn from Decisions•2 minutes
The Three A's of Data•3 minutes
When to Use Data to Make Decisions•2 minutes
28 readings•Total 280 minutes
Make Better Decisions•10 minutes
What influences decisions?•10 minutes
Human nature•10 minutes
Complex situations•10 minutes
Cultural expectations•10 minutes
Navigate ethical dilemmas•10 minutes
Cultivate critical thinking•10 minutes
Overcome Decision-Making Traps•10 minutes
How mental shortcuts affect decisions•10 minutes
Barriers to good decisions•10 minutes
Counteract cognitive biases•10 minutes
Four Steps to Effective Decisions•10 minutes
Structure your decision-making approach•10 minutes
Start with questions•10 minutes
Consider the options•10 minutes
Carry out the decision•10 minutes
Reflect and iterate•10 minutes
Manage Group Decision Making•10 minutes
Advantages of group decisions•10 minutes
Clarify decision-making roles•10 minutes
Avoid too much group harmony•10 minutes
Manage strong opinions•10 minutes
Frame decisions as learning opportunities•10 minutes
Use Data to Guide Decisions•10 minutes
How data improves decisions•10 minutes
What decisions benefit from data?•10 minutes
Questions to ask when using data•10 minutes
Blend data and intuition•10 minutes
1 assignment•Total 30 minutes
Decision Making Assessment•30 minutes
Graded Assessments and Projects
Module 3•1 hour to complete
Module details
What's included
2 assignments
Show info about module content
2 assignments•Total 60 minutes
Course-End Assessments•30 minutes
Course-End Project•30 minutes
Earn a career certificate
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HBR offers transformative leadership skill development, connecting learners to researched-backed insights from Harvard Business School and the Harvard Business Review. Our high-quality content and engaging design helps leaders and aspiring leaders build the capabilities needed to stand out and achieve in today’s demanding business landscape. HBR courses teach practical, powerful concepts and strategies learners can apply right away to advance their careers.
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To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.