Take the example from above: How does the business make money. Do you take minutes at meetings. Those who know me know that core my to values and sales methodology is that sales people must have business acumen.
These people are often referred as having strong business acumen. You must be able to relate smaller elements together and hold all the different strings together.
There are different types of business acumen development programs available: All my friends were in the business school.
They also suggest that the learning process ranges widely, from structured internal company training programs, to an individual's self-chosen moves from one position to another. In a SHRM article entitled, "Business Acumen Involves More Than Numbers"  Chris Berger, member of human resources at CTPartners,  explains that 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.
Strong business acumen will, of course, help you advance your career further. Focus your efforts on the three critical dimensions of managerial thought process: For example, your Leading People ECQ will ideally include two career stories that address the competencies of team building, developing others, conflict management, and leveraging diversity.
When you are developing your business acumen, you therefore must focus on improving your analytical capabilities, enhance your logical thinking and remain disciplined in the face of tasks. This brings me to a really important point.
This will massively increase your knowledge and keep you focussed on improving your business acumen. You should do personality tests, such as Myers Briggs and DiSC, and evaluate how you approach problem solving.
You need an overall sense of running a business to make it work; in short, you need business acumen. Global trends accelerate the move away from traditional approaches,  reveals why traditional leadership development approaches, which rely on personality and competency assessments as the scientific core of their approach, are failing.
First, you need to start reading more. When corporate decision makers make the decision to change or "re-engineer" a process and it has a positive effect on the business- there is inherit value.
Acumen refers to a keenness and insight in a particular field like business. You must utilize a few key personal development strategies. The examples may have to be a bit shorter than normal, since all three still have to fit within the two-page limit.
Trust me though it is totally worth the effort. Even if a marketing manager has never studied finance, she knows how to speak the language of finance well enough to convey the logic behind her budgetary requests so finance people can understand them and hopefully approve them.
Business acumen is a talent, but it will only count on a resume if you can back it up with stories that illustrate the claim. Questions to ask youself and answer on your resume before making a claim like that could include: Do I have an accompl.
Your local community college offers classes in business, finance, accounting, writing, and a host of other subjects, all of which can enhance your business acumen. And, of course, if you truly work the first six ways of improving your business acumen, you'll have the equivalent of an informal MBA.
The Business Acumen Certificate offers both tactical and strategic content, providing participants a deeper understanding of practical business concepts.
Designed For This certificate is designed for individuals who have moved or aspire to move, into roles within their organization requiring a broader and deeper view of the business environment. For strong business acumen, a wider understanding of the different aspects in business is crucial.
It’s not only about knowing how the specific organization operates, but also knowing more about the industry as a whole and business in general. In a company, a manager seen as having general business acumen is one who consistently exercises sound judgment -- the results of his decisions are most often favorable.
Developing business acumen takes time, it has to be achieved through learning and training and ultimately it has to be part of your ongoing development plan. .Write about business acumen