Avoiding the Business Acumen Gap
Business Acumen is a foundational competency for all leaders. You will lose credibility quickly if people perceive that you are weak at “knowing your stuff”. As with other skills and/or competencies, business acumen is an on-going process. Surprisingly, leaders can fall into a business acumen gap. They get so busy in the day to day activities of “taking care of business” that they fail to grow in business acumen. Or, worse, they have the belief they “know it all”. This is not just detrimental to that leader; it can have major repercussions for the organization, employees and the customers.