Business Acumen – The words reverberate with the precise confidence of success. This manager seems to have a business compass to hone in on the directional decisions that are right for the organization.
Acumen, conveys a confidence and knowledge for efficient and effective business. Although these words convey a natural ability, the truth is that business acumen is more a verb in practice than a noun. You need to develop acumen as an active search for business skills and to applying that knowledge over time. Great concept…but now you’re thinking what does that mean to me in my career?
Business acumen is about focus so let’s think about a Ready – Aim – Fire approach for your success.
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Ready – Although the news focuses on people who are successful seemingly overnight, their journey has usually included several attempts. You develop good business judgement through experience, training, research, practice, and most importantly knowing what the customer expects from your organization. If you want to be ready to make the right business decisions, you need to gather the right information. History and experience can be helpful but remember to update for changes in your environment. Think like an archer who checks the distance, terrain and equipment before making decisions on each shot.