Business acumen is a concept pertaining to a person's knowledge and ability to make profitable business decisions. Business acumen has emerged as a vehicle for improving financial performance and leadership development. The term business acumen can be broken down literally as a composite of its two component words that is the ability to make good judgments and quick decisions. It is clear that the term lacks a unanimous definition, even within the business community, as evidenced by a study conducted by the Institute for Corporate Productivity. The perception of business acumen as a valuable and necessary quality for high-level corporate leaders has occurred within a short period of time.
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From Wikipedia: "The perception of business acumen as a valuable and necessary quality for high-level corporate leaders has occurred within a short period of time… some have classified business acumen as simply a buzzword." ««COMMENT»» It's no wonder that business acumen training is now a critical concern of modern leadership development.
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