Business acumen has emerged as a critical competency for communicators. But if you’re a public relations, advertising or communication professional that didn’t go to business school, how can you make sure you have the abilities and skills to evolve along with your role? Business Acumen for Strategic Communicators is the book for you. Offering a critical primer for the world of business, Ragas and Culp equip you with the must-have business know-how needed to understand everything from the language and thinking of C-suites and boardrooms, to organizational agility, business models, rules and regulations, the money and the numbers, and even how to read financial statements and reports. Written for communicators by communicators, the concepts in each chapter are illustrated by expert insight essays written by a diverse group of senior communications leaders, and packed full of case studies, interviews, key terms and cutting-edge research. Brands profiled include Aflac, Costco, CVS Health, Levi Strauss, Mayo Clinic, Southwest Airlines, Target and YMCA of America. With these critical business literacy skills in hand, you will be set to serve with success as strategic counselors to the organizational leaders that are your colleagues, clients, and business partners.
Matthew W. Ragas, PhD and Ron Culp are on the public relations faculty in the College of Communication at DePaul University in Chicago, USA where they help develop the next generation of communication leaders. They are the co-editors of Mastering Business for Strategic Communicators.
PART I. Introduction Chapter 1. Strategic Communications and Business Acumen PART II. Guiding Approaches to Business Chapter 2. Growth, Innovation and Change Chapter 3. Agile and Lean Management Chapter 4. The Purpose-Driven Enterprise PART III. The People Chapter 5. Stakeholders and Society Chapter 6. The Board of Directors and the C-suite PART IV. The Money and the Numbers Chapter 7. Finance and the Capital Markets Chapter 8. Financial Statements and Valuation Essentials Chapter 9. Corporate Disclosure: Laws, Rules and Regulations PART V. Business Models Chapter 10. Strategic Communication Agencies and Consultancies Chapter 11. In-House Communication Departments and Teams PART VI. Practice Makes Perfect Chapter 12. Business Acumen and Professional Development
This book tackles the top question I hear from communicators all over the world. What is the one x-factor that gives communications leaders the guts to speak up and shape critical C-suite affairs? If you're in business, there are few things more important than understanding how businesses really work. Stepping up your business acumen is always time well invested.