What does business acumen mean?

Definitions for business acumen
busi·ness acu·men

This dictionary definitions page includes all the possible meanings, example usage and translations of the word business acumen.


Did you actually mean businessman or businesswoman?

Wikipedia

  1. Business acumen

    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. 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.

Wikidata

  1. 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.

Editors Contribution

  1. 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.


    Submitted by anonymous on November 15, 2015  

How to pronounce business acumen?

How to say business acumen in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of business acumen in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of business acumen in Pythagorean Numerology is: 3

Examples of business acumen in a Sentence

  1. Quentin Hart:

    From McKenna Pro Photography, from John Deere, which is a global company, to The Sulky, which creates high-end buggies, they're taking their time and they're making masks for our communities, we've seen the resiliency, we've seen incredible business acumen, and people be able to change on the go, on the fly to make things happen for our safety.

  2. Theodore Johnson:

    If you know that man who likes Trump's machismo and supposed business acumen, ask him : Do you know anyone who's died from Covid-19 ? If he's in an urban area, he's probably going to answer yes, ask him : Do you know anyone who's lost their job because of Covid-19 ? He's probably going to answer yes. What you do is contrast the perception of Trump with the reality of his governance and say that the best thing you can do for your life is to put new leadership in place.

  3. Ramirez Martiarena:

    The newly appointed members of our Senior Leadership Team bring a range of seniority, experience, business acumen and specific market knowledge that will strengthen our decision-making process and facilitate the pursuit of our strategic goals and ambitions.

  4. Kenneth Gross:

    He's making money off the campaign, presumably, as profit for these companies that are servicing the campaign, whether it's a vineyard, you know, selling wine to the campaign, or whether it's hotels, or selling space at Mar-a-Lago, or the airline, now he may promote that as part of his business acumen: ‘Look, I'm a candidate plus I'm making money.’ But that can come back to haunt, as well; I mean, you know, people may say, ‘Wait a minute, it looks like too much self-dealing here.’.

  5. Monica Phromsavanh:

    I was ready to create something worthy of the business acumen I had developed over the years, and that matched the potential I knew I had, i wanted to reach a greater audience than I could through a traditional retail setting.


Translations for business acumen

From our Multilingual Translation Dictionary

Get even more translations for business acumen »

Translation

Find a translation for the business acumen definition in other languages:

Select another language:

  • - Select -
  • 简体中文 (Chinese - Simplified)
  • 繁體中文 (Chinese - Traditional)
  • Español (Spanish)
  • Esperanto (Esperanto)
  • 日本語 (Japanese)
  • Português (Portuguese)
  • Deutsch (German)
  • العربية (Arabic)
  • Français (French)
  • Русский (Russian)
  • ಕನ್ನಡ (Kannada)
  • 한국어 (Korean)
  • עברית (Hebrew)
  • Gaeilge (Irish)
  • Українська (Ukrainian)
  • اردو (Urdu)
  • Magyar (Hungarian)
  • मानक हिन्दी (Hindi)
  • Indonesia (Indonesian)
  • Italiano (Italian)
  • தமிழ் (Tamil)
  • Türkçe (Turkish)
  • తెలుగు (Telugu)
  • ภาษาไทย (Thai)
  • Tiếng Việt (Vietnamese)
  • Čeština (Czech)
  • Polski (Polish)
  • Bahasa Indonesia (Indonesian)
  • Românește (Romanian)
  • Nederlands (Dutch)
  • Ελληνικά (Greek)
  • Latinum (Latin)
  • Svenska (Swedish)
  • Dansk (Danish)
  • Suomi (Finnish)
  • فارسی (Persian)
  • ייִדיש (Yiddish)
  • հայերեն (Armenian)
  • Norsk (Norwegian)
  • English (English)

Word of the Day

Would you like us to send you a FREE new word definition delivered to your inbox daily?

Please enter your email address:


Citation

Use the citation below to add this definition to your bibliography:

Style:MLAChicagoAPA

"business acumen." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/business+acumen>.

Discuss these business acumen definitions with the community:

0 Comments

    Are we missing a good definition for business acumen? Don't keep it to yourself...

    Free, no signup required:

    Add to Chrome

    Get instant definitions for any word that hits you anywhere on the web!

    Free, no signup required:

    Add to Firefox

    Get instant definitions for any word that hits you anywhere on the web!

    Browse Definitions.net

    Quiz

    Are you a words master?

    »
    add details, as to an account or idea
    A scarper
    B elaborate
    C embellish
    D emanate

    Nearby & related entries:

    Alternative searches for business acumen: