Business Acumen Skill

We work with clients to develop the business acumen skill and commercial awareness of their staff throughout their organisation. In a competitive market organisations which foster these skills will have a competitive advantage.

Almost everyone has some degree of business acumen. Most people shop around for a good deal when making decisions about their personal finances or when considering a large purchase. Sadly, when people come to work they don’t always apply this existing skill. The result is that many organisations are less successful than they might otherwise be.

If you work for the public sector or a charitable organisation ‘business acumen skill’ might not be a familiar term. However, all organisations must balance their books whether the money comes in from sales, grants or donations. Every organisation wants to get as much bang for its buck as possible.

To encourage people to use and develop business acumen skill and commercial awareness organisations need to help their staff identify which decisions they have control over and to understand how their choices impact on the performance of the organisation.

Transcript for the Business Acumen Video.

As a starting point, all staff should be encouraged to develop their understanding of how the organisation works. What is its primary purpose? Who are its target customers and what do they want? How can the organisation provide something more attractive than their competitors in an efficient and effective manner?

Business Simulation Games offer an effective method of business acumen training.  They support all stages of the learning cycle allowing participants to:

• Develop confidence; a training activity is a relatively risk-free environment.
• Build the link between cause and effect; participants will be able to see how their decisions impact on performance.

For further reading download our White Papers:

• Business Acumen: What is it? Who needs it? How do you acquire it?
• Business Acumen: The Key to Competitive Advantage in Uncertain Times.