Business Acumen

Business acumen is an understanding of how a business works and what it takes to develop a sustainable, competitive advantage and reach business goals. Employees with business acumen understand how they individually contribute to their company’s bottom line and use that knowledge to make good business decisions. It’s important for employees across the organization, but especially for training leaders, since they must be able to translate learning and development (L&D) programs into business impact. There are several important areas of business in which L&D professionals must develop competency, including financial literacy, business strategy, marketing and leadership skills.