We're in the middle of basketball season with all kinds of games. Age group, grade school, junior high, high school, college, professional games, intercity games, county tournaments, conference tournaments, state playoffs, March Madness, and NBA Playoffs.
As a spectator, do you ever see a player who has great court awareness?
What kind of players do you enjoy watching? My favorite player was Michael Jordan. Michael Jordan had great basketball acumen, yes acumen.
The word acumen is most often applied to the business world, hence "business acumen". Business Acumen is having an awareness of what's happening inside a company. It's the ability to make good judgments that benefit the operations of the company, specifically the financial impact. Increasing business acumen can help anticipate the ripple effects and impact of decisions, in relying on experience, knowledge, and skills.
We all need to anticipate the ripple effects of our jobs and the business decisions we make. Try to increase your acumen within your company by learning more about your job and how it fits within the financial statements. Improve your awareness of what is going on around you and make better business decisions by increasing your business acumen.
By: Greg DeGraaf