Define Business Acumen Meaning

What does business acumen mean.

Define business acumen meaning. Business acumen however is not one skill but a set of. An understanding how companies make money. 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 ability to take a big picture view of a situation to weigh it up quickly make a logical sound decision confidently and influence. 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. Information and translations of business acumen in the most comprehensive dictionary definitions resource on the web.

With business acumen such an important competency our clients have been asking us to provide a broader definition of business acumen so that they can have a better understanding of the bigger picture and what business acumen talent development programs they should be developing throughout their company. Simply put business acumen is understanding how a company makes money and achieves its goals and objectives. 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.

Meaning of business acumen. What is business acumen. Business acumen is a combination of knowledge and skill informed by experience.

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.