{"product_id":"how-to-develop-a-strong-business-acumen","title":"How to Develop a Strong Business Acumen","description":"\u003cp\u003eRobert Brondo states, Over the past few years, the need for business acumen skills as a standalone competency has become a critical focus of most CEOs. Yet, some studies show that 90% of professionals don’t understand the key components that are important to CEOs and the overall success of the company. This topic will explain what business acumen is, why it is important for employees at all levels, and some things one can do to build business acumen in order to be recognized, valued, and respected within an organization, while also being instrumental in that organization’s success.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eAgenda\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eHow Do You Define Business Acumen?\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eAbility to Make Effective Business Decisions Very, Very Quickly (Cheeky Scientist, Isaiah Hankel)\u003c\/li\u003e\n\u003cli\u003eNeed to Recognize and Be Able to Create a Larger Picture in Order to Apply That to Solve Problems to Move the Business Forward\u003c\/li\u003e\n\u003cli\u003eComponents Include Speed, Wisdom, Business Strategy\/Success\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e Why Is Business Acumen Important?\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eEmployees Without Business Acumen Can Slow Down the Process for Fear of Making the Wrong Choice (or Make Uninformed Decisions)\u003c\/li\u003e\n\u003cli\u003eEvery Employee Should Have the Ability to Think Like a Boss or Owner to Create a Successful Business for All\u003c\/li\u003e\n\u003cli\u003eIn Order to Get Promoted Into Middle Management, and Definitely Upper Management, Need to Have Business Acumen\u003c\/li\u003e\n\u003cli\u003eHaving Business Acumen Shows You Can Be Trusted and Creates a More Connected Organization\u003c\/li\u003e\n\u003cli\u003eBy Demonstrating an Interest in the Business and Having Business Acumen, It Shows You Respect Your Teammates Which in Turn Gains You Respect\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e What Are the Core Elements of Business Acumen?\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eAbility to Deal With and Understand Complexity and Uncertainty\u003c\/li\u003e\n\u003cli\u003eTransferable Skills Such as Product Knowledge, Market Awareness, and Familiarity With Trends\u003c\/li\u003e\n\u003cli\u003eFinancial Literacy, Organizational Knowledge, Understanding of Customers\u003c\/li\u003e\n\u003cli\u003eAbility to Leverage Business Knowledge\u003c\/li\u003e\n\u003cli\u003eComfortability With Ambiguity and Self-Awareness\u003c\/li\u003e\n\u003cli\u003eCapacity to Link Cause and Effect\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e How Can One Develop or Enhance Business Acumen?\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eImprove Analytical Abilities\u003c\/li\u003e\n\u003cli\u003eEnhance Logical Thinking (Figure out the so What?)\u003c\/li\u003e\n\u003cli\u003eRemain Disciplined\u003c\/li\u003e\n\u003cli\u003eAttend Business School, Coursera, or LinkedIn® Learning\u003c\/li\u003e\n\u003cli\u003eRead Harvard Business Review\u003c\/li\u003e\n\u003cli\u003eObtain a Mentor\u003c\/li\u003e\n\u003cli\u003eParticipate in Business Simulations\u003c\/li\u003e\n\u003cli\u003eJoin Chat Rooms\u003c\/li\u003e\n\u003cli\u003eObtain Temporary Work Assignments\/Projects\u003c\/li\u003e\n\u003cli\u003eAsk Questions and Request Feedback\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e*This program does NOT qualify, nor meet the National Standard for NASBA accreditation. \u003c\/p\u003e","brand":"BankersHub","offers":[{"title":"Default Title","offer_id":46212643717295,"sku":"ODC1110251","price":299.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0646\/2894\/9167\/files\/BusinessAcumen.png?v=1762795713","url":"https:\/\/www.bankershub.com\/products\/how-to-develop-a-strong-business-acumen","provider":"BankersHub","version":"1.0","type":"link"}