What is business acumen?

 

Look at job advertisements and you will see more companies asking for business acumen than did three or four years ago

 

What exactly are these companies looking for?  What is business acumen? Many have adapted a variation of Ram Charan's definition, viz, business acumen is:  "the ability to position the organisation to make money."  Few however have investigated what lies beneath this.  Charan argues that it includes assessing the external landscape, knowing how money can be made and execution but many professional training courses limit their focus to financial literacy.

 

Muritai has been conducting research into business acumen.  You can see some of our results on this website.