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Energy Workforce & Technology Council 90th Anniversary
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Inaugural Building Business Acumen Program Kicks-Off

More than 20 participants from 8 companies attended the first building business acumen program on February 27.

The Building Business Acumen program, presented by Frankin Covey, is a one-day in-person seminar that provides employees with C-level insights into how an organization runs so they can align their efforts to the company’s business goals and maximize its bottom line.

Cris Lang, Senior Consultant with Franklin Covey, shared tools and strategies around financial literacy, helped participants understand their role in strategic decision-making, and increased understanding in things like cash, margin, profitability, velocity, and navigating annual reports.

At the start of the program, the participants were asked what they hoped to get out of the course. Responses varied from learning basic financial terminology to focusing on best practices. Participants also mentioned interest in learning about the overall health of a company, familiarizing themselves with a balance sheet and what the meaning of EBITDA is and its overall importance.

“There are a lot of terms and jargon used within our company that I would like to know more about. Learning how certain financial decisions and strategies affect our bottom line will be very helpful.”

-Program Participant

During the seminar, participants broke into groups and partner discussions to work together on exercises, engage in case studies and discuss the key elements of business acumen that are critical to every organization. The breakouts provided the participants with time to put what they had learned into practice, all while developing relationships with people they hadn’t worked with before.

The group spent time learning about “The 5 Essential Elements of a Business” including the purpose of, and how to navigate through, an Annual Report, working through the different pieces of an income statement, balance sheet and cash flow statement.

At the end of the program, participants wrote down thoughts surrounding what they plan to put into action using what they learned from the program. Cris Lang from Franklin Covey also walked through the on-demand resources available to the participants post-course.

“I really liked the simplicity of how the content was presented. That, along with working in the breakouts, gave us a chance to use what we had learned today in real-time.”

-Program Participant

When asked what the key takeaways were from the day, one participant responded, “My eyes have been opened to many financial indicators, what stakeholders are looking for in a business and how businesses react to ever-changing demands.”

The next iteration of this program will be virtual and held June 19, registration is open.

Energy Workforce would like to thank Strategic Partners Chevron, Patterson-UTI and SLB.

For more information about Energy Workforce training programs, contact Vice President Programs & Events Peggy Helfert.

Peggy Helfert, Vice President Programs and Events, writes about the Energy Workforce’s sector-specific best practices and leadership. Click here to subscribe to the Energy Workforce newsletter, which highlights sector-specific issues, best practices, activities and more.


Peggy Helfert, Vice President Programs & Events, writes about the Energy Workforce’s sector-specific best practices and leadership. Click here to subscribe to the Energy Workforce newsletter, which highlights sector-specific issues, best practices, activities and more.
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