Business Acumen Training Definition

One sector may be flourishing while another area is suffering.

Business acumen training definition. They are all related really. 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. Read everything you can about business and not just related to yours and your interests but information about all business.

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. An understanding how companies make money. Additionally business acumen has emerged as a vehicle for improving financial performance and leadership development.

Covey founded the world s leading business acumen training organization acumen learning to teach professionals about the business of their businesses. Information and translations of business acumen in the most comprehensive dictionary definitions resource on the web. What does business acumen mean.

Business literacy is defined in shrm s business literacy glossary as. Business acumen definition business acumen is keenness and quickness in understanding and dealing with a business situation in a manner that is likely to lead to a good outcome 1 the term business acumen can be broken down literally as a composite of its two component words. 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.

Most companies have a specific set of core competencies they want employees to focus on developing. What is business acumen. Meaning of business acumen.

New york times best selling authors kevin cope and stephen m. 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. One of the hottest areas in leadership development these days is the topic of business acumen unfortunately for talent development professionals and business leaders there are many definitions for business acumen ranging from the most basic training someone how to come to work on time to the more complex training.