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Additionally business acumen has emerged as a vehicle for improving financial performance and leadership development.
Business acumen other term. Overusing business acumen as with most competency models and discussions sometimes they can be overused to the detriment of the individual and organization. What does business acumen mean. You do this by collecting relevant information about a situation to assess available solutions then.
Top synonym for business acumen another word for business acumen is business sense. Information and translations of business acumen in the most comprehensive dictionary definitions resource on the web. Business acumen synonyms and business acumen antonyms.
Synonyms for business acumen include business knowledge business expertise business insight and entrepreneurialism. With any acumen development process an individual or leader may overdevelop or depend too heavily upon industry and business knowledge skills at the expense of personal. The term business acumen may be just two words but it encompasses a lot.
Another skill related to business acumen is applying your knowledge to solve business problems. In this lesson you ll learn more about business acumen its elements and why it s important for managers and employees. 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.
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