What is Business Acumen? As defined by Wikipedia, is “keenness and quickness in understanding and dealing with a business situation in a manner that is likely to lead to a good outcome”. To break it down, the business comprises two components – ‘business literacy’ – the knowledge and understanding of various functions within the organization,…

Individuals with business acumen are those with “business smarts”. They are able to get a job done by asking the right questions, focusing on key objectives, recognizing the options out there, and outlining a course of action. There are four things to consider when developing business acumen: 1. Look at the bigger picture, but also understand…