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.
Sample Sentences & Example Usage
I had completed my Executive MBA Degree program, with speciaizations in Finance, Marketing, and Strategy at Sawyer Business School of Suffolk University, Boston, over a decade ago. I truly enjoyed studying at Suffolk University, not only because of the excellent quality of education, but also for its great location, situated right in the heart of Boston, at the world famous Beacon Hill. i surely learnt many management skills, as well as the outstanding knowledge of effective leadership and a valuable insight into organizational dynamics....these are the skills that essentially enabled me to achieve the best for my organization, both as a technology leader and a people manager alike. The academic perspective that came with my Ph.D. was blended beautifully with enhanced business acumen that was instilled during my MBA. I am pleased to recommend Suffolk University, for her excellent Executive MBA program at Sawyer Business School, wholeheart
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"business acumen." Definitions.net. STANDS4 LLC, 2016. Web. 8 Feb. 2016. <http://www.definitions.net/definition/business acumen>.