Definitions for business acumen
This page provides all possible meanings and translations of the word business acumen
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. The term "business acumen" can be broken down literally as a composite of its two component words: Business literacy is defined in SHRM's Business Literacy Glossary as "the knowledge and understanding of the financial, accounting, marketing and operational functions of an organization." The Oxford English Dictionary defines acumen as "the ability to make good judgments and quick decisions". Given these textbook definitions, a strictly literal definition would be "keenness and quickness in understanding and dealing with a business situation." Additionally, business acumen has emerged as a vehicle for improving financial performance and leadership development. Consequently, several different types of strategies have developed around improving business acumen.
Is the innate ability, knowledge and understanding of the financial, accounting, marketing and operational functions of a business or organization and and the ability to make accurate, just business choices, decisions and judgment.
The director chose the new Business Development Manager as she demonstrated in her interview how she had excellent business acumen.
Images & Illustrations of business acumen
Translations for business acumen
From our Multilingual Translation Dictionary
Get even more translations for business acumen »
Find a translation for the business acumen definition in other languages:
Select another language:
Discuss these business acumen definitions with the community:
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Use the citation below to add this definition to your bibliography:
"business acumen." Definitions.net. STANDS4 LLC, 2015. Web. 1 Dec. 2015. <http://www.definitions.net/definition/business acumen>.