Business Acumen for Achieving Financial Stability

Definition of Business Acumen: -

Business acumen can be characterized by the promptness, or keenness, in understanding the business circumstances, and handling it skillfully that can ultimately reap commendable outcome. This includes the activities of finance, marketing, as well as other operational activities of the organization. There can be numerous strategies that can be adapted so that the business acumen essentially emerges as the vehicle of improving the financial situation of the business and developing a strong leadership.

Textbooks on Business Acumen: -

Some of the notable textbooks based on business acumen are as follows:

• Evaluate Yourself Business: Professional Guidance For Better Business Acumen, Vijaya Kumar, 2004.
• Building Business Acumen for Trainers: Skills to Empower the Learning Function, Terrence L. Gargiulo, Ajay Pangarkar, Teresa Kirkwood, Tom Bunzel, 2006.

Examples of Business Acumen: -

• Psychological Assessments
• Business Simulations

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