Business acumen is keenness and speed to understand and
managing business circumstance in a fashion that is likely to lead to a good
outcome. The phrase "business acumen" can be separated actually as a
composite of its two element words and phrases: Business literacy is identified
in SHRM's Business Literacy Glossary as "the data and knowledge of the
economic, accounting, marketing and functional functions of an organization.
“The Oxford English Dictionary identifies acumen as "the opportunity to
create very good decision taking and fast decisions" Provided these types
of textbook meanings, a firmly literal description would be "keenness and
explosiveness to understand and dealing with a business situation."
In addition, business acumen has appeared as a car for enhancing financial overall performance and leadership improvement. Consequently, a number of different types of strategies have developed around increasing business acumen.
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