{"id":28124,"date":"2023-01-26T23:30:00","date_gmt":"2023-01-26T23:30:00","guid":{"rendered":"https:\/\/businessyield.com\/?p=28124"},"modified":"2023-02-08T12:52:26","modified_gmt":"2023-02-08T12:52:26","slug":"business-acumen","status":"publish","type":"post","link":"https:\/\/businessyield.com\/business-core-values\/business-acumen\/","title":{"rendered":"BUSINESS ACUMEN: Definition and How to Develop Strong Business Skills","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

Learning how to run a business is a difficult task. Even working in a corporate position does not guarantee expertise that leads to business success. People work for years in a post with no prospects for development. So, how do you acquire skills that will lead to success?
Demonstrating business acumen is a strong way to promote your business or advance your career. This isn’t about ephemeral concepts like gut intuition or having good business sense, but rather a set of tangible skills and a business approach that boosts your chances of success. And hey, there’s good news, anyone can learn the skills necessary to develop strong business acumen.<\/p>

Definition of Business Acumen<\/h2>

Business acumen, often known as business sense or business smart, is a person’s capacity to recognize and deal with diverse business issues. Individuals with strong business acumen skills can better understand business difficulties, adapt and remain adaptable during times of change, comprehend business operations, and provide great insight into how to attain goals and assure business success.<\/p>

In brief, a person with strong business acumen understands many facets of a business and how it operates and can make informed judgments based on this understanding. Employers value business acumen skills, especially when employing candidates for leadership positions.<\/p>

Business Acumen Skills Examples<\/h2>

The following are some examples of business acumen skills that individuals can concentrate on to develop and help them stand out from other candidates throughout the job search:<\/p>

#1. Leadership Skills<\/h3>

Leadership and management skills<\/a> are part of business acumen and enable individuals to be better leaders within their organizations. While these skills are vital for persons in positions of leadership, they are also valuable to every employee and something that employers actively seek in candidates. Strong leadership skills enable a person to inspire, encourage, and establish respect among colleagues, as well as to recognize employee requirements and work to address those needs to create a more unified and efficient work environment.<\/p>

The following are skills of common leadership skills that complement a person’s business acumen:<\/p>