Business acumen is critical to effective strategy execution.
"If your organization doesn’t fully understand how your company thrives economically and how it delivers distinct value to the marketplace, you won’t be as successful as you can and should be."
A lack of business acumen can inhibit a company from meeting strategic priorities. This is why it's important to develop this competency in your employees.
In this competency guide, you'll learn:
- The three levels of business acumen: strategic, financial and market orientation
- Formal training required for developing business acumen
- Supporting behavior statements and development activities