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.
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Wikipedia
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
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
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.
Numerology
Chaldean Numerology
The numerical value of business acumen in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of business acumen in Pythagorean Numerology is: 3
Examples of business acumen in a Sentence
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.
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.
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.
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.’.
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
- الفطنةArabic
- GeschäftssinnGerman
- visión para los negociosSpanish
- le sens des affairesFrench
- व्यावसायिक कौHindi
- üzleti élességHungarian
- Acume di affariItalian
- 비즈니스 통찰력Korean
- negotium acumenLatin
- zakelijk inzichtDutch
- pătrundere de afaceriRomanian
- деловая хваткаRussian
- affärsmannaskapSwedish
- iş zekasıTurkish
- sự nhạy bén trong kinh doanhVietnamese
- געשעפט אַקומעןYiddish
- 商業頭腦Chinese
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"business acumen." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/business+acumen>.
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