Finding the Gaps in Business Acumen | What does a lack of business acumen mean?

A key priority for most, if not all businesses is figuring out how to develop the skills of their leaders within their organization. Most organizations have a competency model that they're building off of. Around cultural competencies, some other soft skills, some hard business skills. There may be other different things that make up that competency model. And good leaders are always trying to see gaps in their people with respect to that model.

Learning how to see the business acumen within your leadership ranks is a crucial skill that your organization will need to stay competitive and win.

So when we think about business acumen, a simple definition that we use here at Acumen Learning is 'understanding how your business makes money, and making good decisions around the money-making process.' But how do you identify that gap? We give you several thoughts on how to analyze it and how to fix it. But learning how to see the gaps is the first step in deciding whether to take action.


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