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Developing Talent for Organizational Results: Training Tools From the Best in the Field by Elaine Biech

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Chapter 9

Raising the Talent Bar

Business Acumen As a Key Leadership Competency

PARADIGM LEARNING, INC.

In This Chapter

  • Definition of business acumen.
  • Why business acumen is a critical managerial skill.
  • How an organization can improve managers’ business acumen.
  • Sample financial questions managers should be able to answer.

Too many managers today—at all leadership levels—lack a solid foundation of business acumen. Without it, they can’t accurately assess the competitive landscape and connect their day-to-day decisions and actions with key financial and strategic performance goals. As a result, business acumen training is becoming a vital component of workforce learning and development and is finding its way into management curricula at leading ...

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