Understanding Industry (Business Acumen)

Management Concepts

How long?

  • 5 days
  • online, in person

Management Concepts

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Who should attend

Acquisition professionals who need to increase their understanding of contractor business strategies and sharpen their business acumen skills.

About the course

21st Century contracting professionals will need solid business acumen and an advanced understanding of how contractors operate in order to craft better contracting solutions. This course will help you master a wide range of business acumen competencies including industry orientation, organization, cost and financial planning, business strategy/development, supplier management, incentives, and negotiating strategies. This course will provide a thorough understanding of the strategy, finances, operational considerations, and the motivators that drive contractor business decisions.

Learning Objectives

  • Explain how the scope and diversity of the current industry landscape influences companies’ methods of competing for defense contracts
  • Describe how a company's organization supports and adapts to its business strategy
  • Explain cost accounting basics companies use to manage direct, indirect costs, and rates for proposals and program execution
  • Describe the importance of company cost estimating requirements, methods, and key process elements
  • Using standard company financial reports and metrics, assess company’s financial health to enable best-value program decisions
  • Identify and assess company management challenges in optimizing prime/sub-contractor relationships and decisions in its supply chain
  • Assess opportunities and constraints companies weigh prioritizing market opportunities, B&P resources, teaming and strategy
  • Evaluating a company’s capture planning bid / no-bid decision process and an RFP response from the proposal development process
  • Given a scenario, assess company incentives, motivations, and rewards that lead to increasing shareholder value
  • Apply the strategies companies use to incentivize their workforce at various levels
  • List the deliverables and explain the purpose of the Capstone Exercise
  • Develop a company negotiating strategy using business acumen tools that promotes a fair profit and better taxpayer deal
  • Given a company financial situation and market segment, students will evaluate the company’s annual decisions to “meet the numbers”

Course Topics

Industry Landscape

Company Strategy & Organization

Business Finance

Indirect Rates

Cost Estimating and Pricing

Supplier/Supply Chain Management

Business Development

Capture Planning

Company Incentives, Motivations, and Rewards

Incentivize the Workforce

Capstone Introduction and Instructions

Negotiations

Capstone

Assessment

Understanding Industry (Business Acumen) at Management Concepts

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

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