Acute Business Acumen Meaning

According to the financial times business acumen is the keenness and speed in understanding and deciding on a business situation.

Acute business acumen meaning. Acuteness refers to keenness of understanding and a highly developed physical sense. In the modern world of cell phones mp3 players and computers few people in recent generations would match the skill understanding and savvy displayed by apple s. Financial literacy is an important tenet of business acumen but is not a synonym.

Business acumen a cpa s 360 view to financial literacy. Acuity refers to keenness of thought vision or hearing. General business acumen involves the ability to effectively communicate with all functional areas in the organization.

Even if a marketing manager has never studied finance she knows how to speak. They can concentrate on the key goals and rapidly identify the best options available. Skill in making correct decisions and judgments in a particular subject such as business or.

The word comes from the latin acuere the root of acute and it means to sharpen. The dictionary defines acumen as quickness accuracy and keenness of judgment or insight especially in practical matters. Business acumen business savvy and business sense are often used as synonyms is keenness and quickness in understanding and dealing with a business situation risks and opportunities in a manner that is likely to lead to a good outcome.

The word acute has been derived from latin acutus meaning needle. Business acumen starts with the ability to understand how a company makes decisions and that leaders must be financially literate and be able to understand numbers on company financial statements. The word acumen has been derived from latin acuere meaning sharp.

There are a number of differences between acute and acumen. Acumen refers to a keenness and insight in a particular field like business. Business acumen acute commercial vision people with this skill have the ability to obtain the most important and relevant data about a situation instantly.