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In practice, people with business acumen are thought of as having business ‘sense’ or business ‘smarts’. They are able to obtain essential information about a situation, focus on the key objectives, recognize the relevant options available for a solution, select an appropriate course of action and set in motion an implementation plan to get the job done.
Business acumen, also referred to as commercial or financial acumen, is defined as an intuitive and applicable understanding of how a company makes money and is critical to effective strategy execution
