Business Acumen – Step-by-Step Guide to Improve It
Business Acumen – Step-by-Step Guide to Improve It What is business judgement or business acumen? What is good, or bad, business acumen? Is business acumen the same for marketing, digital and IT, strategy, and even operations? Is it your understanding of business? Can you have business acumen if you do not know much about business? Do you need an MBA to have business acumen? Can a person without a university degree have business acumen? How can you use relative reasoning to improve your business acumen? Summary: We define business judgement, or business acumen, as the way we interpret information. And the way we interpret information is the sum of our experiences, formal knowledge, social networks, informal knowledge. Then it is our willingness and ability to draw on them when interpreting information. We will use the term business acumen primarily since it is a more common way to refer to this skill, although we prefer to refer to it as business judgement. Business acumen is routinely listed as a key soft skill or business skill. This article will provide a definition and teach you how to improve your business acumen. Why do you need business acumen? Let’s explain business acumen and, thereby, define business…