Developing Strong Business Acumen Through Four Key Elements

985 Words Jun 12th, 2016 4 Pages
Developing strong business acumen through four key elements

When it comes to developing strong business acumen, you need to focus on four distinct elements. These are:

• Better understanding of your thought process
• Improvement in your business knowledge
• Development of your management style and gaining better understanding of different styles
• Enhancing your overall management and leadership skills

We’ll examine these below and provide tips on how you can improve your skills in all four areas.

Better understanding of your thought process

Better understanding of your thought processes is key for enhancing business acumen, as it is centred so heavily on thinking and analysing. If you are able to understand the frameworks in which businesses operate and the different directions different decisions take, you are better at judging different steps and actions.

Improving your understanding of your own decision-making process can boost the understanding of these complex frameworks and how they relate to each other. The more you understand about your personality and ability to make decisions, the better you will become in using your strengths to your advantage.

How to improve your thought processes and your understanding of them?

First, you need to examine your own personality and thinking patterns. You should do personality tests, such as Myers Briggs and DiSC, and evaluate how you approach problem solving. For example, are you the type of person who likes to take a…

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