Business Acumen refers to the ability to understand and navigate the various aspects of business operations and decision-making. It involves a keen insight into the intricacies of a company’s financial, strategic, and operational functions. Individuals with strong business acumen can analyze situations from a holistic perspective, anticipating the impact of their decisions on the organization’s bottom line. This skill set is crucial for leaders and managers who are responsible for driving business growth, making informed decisions, and responding swiftly to market changes.
Example of Use: “Her strong business acumen enabled her to identify a cost-saving opportunity that improved the company’s profit margins by 15%.”
Related Terms:
Business Process Outsourcing (BPO)
