Take the Complexity and Mystery out of Business

US and UK employees are costing businesses $37 billion every year because they do not fully understand their jobs, according to a recent IDC white paper. Furthermore, the study shows that employee misunderstanding is defined as actions taken by employees who have misinterpreted company policies, business processes, job functions, or a combination of the three. 

Business Acumen a critical competency needed at all levels of the company.  From individual contributors and front line managers, to managers of managers and directors, having a strong set of Business Acumen skills give employees the business confidence to;

  • Recognize business strategy and current financial situations and how it relates to the value of your solution
  • Understand how one’s role and function fits into the big picture and helps your company achieve results
  • Read and comprehend the impact of financial statements
  • Ask appropriate business situational questions, business challenge questions, and business opportunity questions to make more informed and aligned decisions
  • Drive higher margins and revenue
The high level definition of Business acumen that Advantexe most often uses is that business acumen is a germane understanding of three areas;

  • How “a” company makes money
  • How “your” company makes money
  • How “your customers” make money
The definition includes an awareness of what drives profitability and cash flow, a market focused approach to the business, and an overall knowledge of the business and its interrelationships.

With Business Acumen such an important competency, our clients have been asking us to provide a broader definition of Business Acumen so that they can have a better understanding of the bigger picture and what business acumen talent development programs they should be developing throughout their company. With this in mind, we are really excited to share with you a white paper that provides a deep definition of the topic and also provides you with three primary characteristics that comprise the overall competency.

If you have any issues with downloading a copy, please email us at james.brodo@advantexe.com and we will send you a copy directly through email.