Business acumen is the ability to look at the big picture and make the necessary decisions for the good of the organisation.
While many executives practice business acumen, assistants must also develop business acumen to be effective. Developing business acumen requires you to stay informed about the different aspects of the business and industry and educate yourself on the financial equations and their meanings. This will allow you to see the impact your role has on the organisation.
Ways to Improve Business Acumen
- Research using the Internet, books, and journals.
- Network within the organisation.
- Take classes when necessary.
- Practice interpreting financial reports.
- Pay attention to how your role affects other departments.