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Business Acumen Skills for Managers & Leaders

Business Acumen Skills

Why is it important for managers and leaders to have business acumen?

One is, they're communicating and interacting with senior leaders who have business acumen. They have a language that they use to talk about the strategy and financial performance of the company and they've got to be able to speak that language. But they also are interacting down to their teams who are running more of the tactical functional kind of realities of the team. And they've got to be able to translate where the executives are wanting the business going, down to the practical tactical level. So as a manager to have the fluency up, down and across is vital, to be able to be effective as a leader, to try to drive the business forward.