Business acumen is keenness and quickness in understanding and dealing with a business situation in a manner that is likely to lead to a good outcome.[1] The term "business acumen" can be broken down literally as a composite of its two component words: Business literacy is defined in SHRM's Business Literacy Glossary as "the knowledge and understanding of the financial, accounting, marketing and operational functions of an organization."[2] The Oxford English Dictionary defines acumen as "the ability to make good judgments and quick decisions".[3] Given these textbook definitions, a strictly literal definition would be "keenness and quickness in understanding and dealing with a business situation."

Business acumen - Wikipedia, the free encyclopedia Sunday, December 29, 2013 @ 6:54pm