Business strategy alignment... ring a bell?
Sure it does. In TrainingIndustry.com’s 10 Insights to Prepare for a Successful 2016, it’s the number one tip.
The article brings to light a shift that has occurred in learning and development: specifically, the old L&D structured around academic endeavor versus the new with a clear business perspective. This change is derived from C-Suite executives focused on the value of learning, powered by results.
Since L&D deals with the people variable (and statistics show that only 5% of employees understand the company’s strategy), how is an L&D program with business strategy alignment ever to happen?
That’s where business acumen training comes in.
You can take it from Boeing® who fit business acumen training in to foster that distinction, focusing on constantly improving all aspects of the business to achieve quality, profitability and growth: the three most important criteria for Boeing business success.
Or you can do what FIS® did: recover $3.1 million in-year dollars to the bottom-line due to a department leader understanding how her individual actions could directly impact that bottom-line.
To get business strategy aligned, your employees must understand. To do it, they need business acumen training. There is always a place for business acumen training in any strategy-oriented curriculum.
To learn more about business acumen, download this eBook!