What Is Business Acumen?
Business acumen is incredibly important to entrepreneurs, but why?
From a detailed survey that I conducted this morning, by asking the first 3 people I saw online (okay, maybe it’s not that detailed…). It turns out that many aren’t sure what exactly the word means. To be honest, I wasn’t so sure myself. I knew it’s important — I just didn’t know how important it is.
Acumen: the ability to make good judgements and quick decisions in a particular domain.
When presented this way, I don’t need a survey to know that every entrepreneur would understand the importance of having the ability to make good judgement and make quick decisions in business.
While business acumen is traditionally something spoke of in large corporate and MBA programs, I believe it’s time for entrepreneurs to catch up. And this is what today’s episode is all about.
Business Concepts In Today’s Episode
In today’s episode we will cover:
The 5 performance metrics that drive all Fortune 500 compa