The understanding of how business operates and makes money
Business Acumen is the understanding of how each employee’s decisions can affect the organization’s profitability and growth. We often treat budgets as if they are cash accounts that we have to spend or else we won’t be able to get the same budget next year, when in reality, sometimes saving the budget can be the right decision or asking for more funding for a special project can have a great impact on the bottom line.
The insights gained from understanding how HR , Sales, Support functions, Finance, Supply Chain and all the business departments operate, interlink and affect each other is critical for our talent’s development and growth.