Business Acumen

People judge your business acuity by your business acumen. It helps to have a broad knowledge of different aspects of of whatever business you’re in. As with anything in life, albeit gardening, IT, program development, baseball, whatever – you have to understand the basic terminology of whatever discipline you’re dealing with. Business acumen is basically business knowledge and terminology. The more you know, the broader your capacity. You do not need to memorize everything, however, you do want to have some recollection of business lingo associated with the business you may be in. Business Acumen is a combination of knowledge and skill informed by experience: knowledge about key business issues, the skill to apply that knowledge, and the confidence to take action influenced by past experiences. Business requires the ability to grasp the totality of a situation, to balance the merits quickly, make logical, sound decisions confidently, and to influence potential business associates to promote your agenda and have a positive impact towards achieving the objectives of the busienss or charitable organization you are associated with. Understanding business acumen is a starting point for healthy debate with associates, and understanding that everyone’s viewpoints will be slightly different depending on their own experience and whatever market context they may manage. Hopefully, this course will help you in improving your business acumen and give you a better understanding of how business operates.

The following textbooks are available online at Barnes and Noble and can be found, along with other publications, under my name, Shane Irvine:

The Executive Juris Doctor ISBN 979-8-891-45669-3

The Bootstrapped Entrepreneur ISBN 979-8-892-17209-7

The Sales Management Team Textbook ISBN 979-8-891-45086-8

The Perfect Business Plan ISBN 979-8-892-17201-1

Business Law for the Nascent Entrepreneur ISBN 979-8-892-17208-0