Spell. If you are interested in moving up in an organization, you need to understand what your organization's competitive advantage is, what drives performance, and how you compete against other organizations.

To fully understand business issues and opportunities, there are certain skills to develop and organizational information to learn.

But with an annual contribution to the UK economy of £6bn from Caravan Industry, having the skills to act with high degrees of commercial acumen are critical in today’s marketplace.
Created by. Write. Having business acumen means understanding how your business operates. Learning to diagnose business issues helped sales leaders and agents diversify revenue streams beyond job postings for business-savvy sales. C201 Business Acumen. In a practical application, business acumen combines an understanding of how a business works and what it takes for the enterprise to make money. Read Article. Test.

VERIZON . Flashcards. Business Acumen Skills. Already have a small business and want to test your knowledge? Gravity. Here are five elements to help strengthen business acumen: assessment, vision and discipline, emotional intelligence, experience, and learning organizational processes. One of the most interesting aspects of conducting a capabilities dialogue with a prospective new client is sharing ideas and insights about what a world-class business acumen learning solution should include.

This knowledge helps you exercise good judgment when making business decisions. STUDY. Digital communication and content is as fast as ever. … Learn. Their analysis demonstrated that business acumen training more than paid for itself with a 300%+ ROI. Match.

Read Full Story. It is essentially the thought process, which you need for understanding the key factors behind issues related to a particular business action and the ability to comprehend the consequences of particular actions. ikaika99. Evaluating results. Written by Robert Brodo. Over the past few years, the need for business acumen skills as a standalone competency has become a critical focus of most CEOs. PLAY. Having a keen sense of business knowledge is essential for better decision making and driving long-term positive results for your organization. CAREERBUILDER. According to the Financial Times, business acumen is the “keenness and speed in understanding and deciding on a business situation”. Acting with business and commercial acumen is often an acquired skillset for many managers and supervisors, and something rarely learnt as part of a management qualification. 1. Kiplinger: Test Your Small Business Know-How. Terms in this set (181) Which part of the organizing process aids in effective and efficient progress toward planned goals and often results in changes within the organization? These eight small business quizzes can help you pick a business, determine if you’re made of entrepreneurial material, discover what kind of structure your business needs, and test your knowledge about how small businesses operate and what challenges they face.

To gain this understanding, you must embody business acumen skills–knowing what's going on around you and how the business works internally and externally.