A Guide to Developing Strong Business Acumen To improve your success in the business world, you’ve got to possess business acumen.

Increasing your business acumen should be one of your top priorities, as that boost will enable you to navigate and overcome the obstacles you will surely encounter along the way. Business acumen (also known as a business savvy and business sense) is an ability that allows you to understand and cope with different business situations. Written by Robert Brodo. Your employees may be great at their individual jobs, whether they’re creatives, salespeople, engineers, IT personnel or something else. In essence, business acumen is knowing how businesses behave.

This is the art of business acumen: linking an insightful assessment of the external business landscape with the keen awareness of how money can be made — and then executing the strategy to deliver the desired results. In essence, business acumen is knowing how businesses behave. Read ACUMEN LEARNING PRESIDENT BEN COOK TO GIVE KEYNOTE ADDRESS AT … Over the past few years, the need for business acumen skills as a standalone competency has become a critical focus of most CEOs.

It is a well-known fact that every businessman cannot become a legend and every business cannot be extremely profitable.

Do you struggle with how to develop business acumen in employees? So, continue reading to know more. In this article, I will define business acumen skills and explain how to develop it. Growing your career fundamentally requires business acumen. The definitions I found in researching this article combine knowledge, skills and experience.

If so, you’re not alone. 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. During annual reviews, you should discuss with current employees how well they demonstrated business acumen and how it can be developed further.

Business Acumen: Building a Better HR ... it’s hard to deny that HR is often perceived by corporate leaders as being out of step with the rest of the business. We have to make clear that business acumen is not a single skill , but a wide complex of competencies, knowledge, and awareness of multiple aspects of a business.

Unless a person understands what is the exact nature of his business, what are the challenges before him and how is he supposed to overcome them, he cannot set up his brand in the competitive market.