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Indian Institute of Management Bangalore

Building Business Acumen

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Description

Business acumen is the ability to understand and interpret business situations and deal with them effectively towards positive outcomes such as growth and profitability. This programme will cover the essential areas for managers to understand and interpret business issues effectively and enable them to use their understanding to take better business initiatives.

It covers macroeconomic perspectives, stakeholder issues and deciphering competitors to understand the external environment of business for strategic thinking and business planning. It also covers design thinking and value analysis for internal development of user centered business innovations that give competitive advantage and enhance business profitability.

CONTENT

  • Macroeconomic Perspectives for Business
  • Stakeholder Dimensions of Business Issues
  • Deciphering Competitor Businesses
  • Design Thinking for Business Redesign
  • Value Analysis for Pricing and Positioning
  • Creating User Centered Business Innovations
  • Developing Competitive Advantage
  • Strategic Thinking and Business Planning

PROGRAMME SCHEDULE

Participants are requested to arrive by evening on the previous day as sessions in this program are scheduled to start at 9.00 am on day one and will end at 5.00 pm on day five. There will be five sessions of 75 minutes duration each day. Participants may plan to leave only after 5.00 p.m. on the fifth day. Please do not book your return flights scheduled to depart earlier than 8.30 pm on the fifth day as it takes about two hours to reach the airport.

Who should attend

This programme is intended for middle to senior level managers involved in the design, development and marketing of products and services in any competitive business.

Experts

Professor Prabhu's areas of research and teaching are product innovation, strategic management and entrepreneurship. He has published in leading journals like the Academy of Management Review and Research Policy and was invited to be on the editorial board of the Journal of Management, US. Teach...

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