Business acumen is a comprehensive understanding of how a business operates and the ability to make informed decisions to drive business success.
Beginner competence definition
At the beginner level, individuals understand the basic concepts of business and are able to apply this knowledge in day-to-day decision making.
Intermediate competence definition
Intermediate individuals are developing the ability to analyze complex business problems and make data-driven decisions to drive positive outcomes for the organization.
Advanced competence definition
Advanced-level individuals demonstrate a deep understanding of the organization’s industry and market, and are able to anticipate and respond to changes in the business environment to drive sustainable business success.
The Value of Leadership Development and How to Create a Successful Leadership Program