Business Acumen Training for Managers and Employees

What Is Business Acumen?

Business acumen is an understanding of what it takes for a company to make money. It involves financial literacy, which is an ability to interpret the numbers on financial statements, as well as an understanding of the business strategies that impact these numbers. Higher level of involvement, ability to think strategically and the capability to position your company’s products and services within your customers’ business context are just a few of the positive outcomes of business acumen.

Consider this example: In football, it’s necessary for players to know how the game is scored as well as how to play the game to change the score. In business, financial literacy is understanding the “score." Business acumen is knowing how to impact the score. With increased business acumen, your people know how to use their financial and strategic understanding to impact your company’s bottom line.

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