Tag Archives: business acumen

Business Acumen: Essential To Having Great Company Teamwork

Company Teamwork photo

Teamwork in definition is joint action by a group of people in which each person contributes his opinions or skills to benefit a unified purpose. Teamwork does not discount individualism but rather enhances each person’s individual talent or capabilities to make a more effective outcome.

www.PsPrint.com

In business, teamwork is important. Most companies realize that a team is better than one person doing the job. They realize that the outcome would be faster, broader, and better. But then it is also important for these individuals who make up the team to have business acumen.

Business Acumen is the ability of the person to be keen, perceptive, and quick in assessing business situations in a manner that would lead to a likely good outcome. Business acumen in layman’s terms may also be referred to as business savvy or having a business sense. People with business acumen have an acute perception of the dimension of business issues. They can make sense of the complex and uncertain future. They are mindful of their choices and what implications it will have on all the affected parties. They are decisive and flexible if further change is needed.

Business acumen is gained by knowledge. It can be gained by reading, studying but also in doing. Business Acumen is all about the confidence without the arrogance. Some may even undertake business acumen trainings to enhance their skill.  People with business acumen don’t give up easily. The saying “never say die” would fit well to those people with business acumen. They may have failed a thousand times but they are willing to stand up a million times more. Besides in mistakes you gain knowledge. And that knowledge will prevent you from making the same mistake in the future.

But then people with business acumen don’t stay mule-headed about a certain thing. It’s knowing what works and what doesn’t. If it doesn’t work then drop it. If it works then continue doing it and improving it on the way. There are even business acumen trainings being offered to develop this. One must have a more thoughtful analysis, clearer logic underlying business decisions, closer attention to key dimensions of implementation and operation, and more disciplined performance management.

Having people with good business acumen in a team is very profitable. They can guide the other members of the team and utilize their individual talents to make the best possible outcome. People with business acumen enhances teamwork as to knowing which works and which does not and seeing these potential of each team member and honing them to complete a single purpose that will be benefit each and every one.

Using Business Acumen To Get Ahead In Life

www.PsPrint.com

In this age, it would be quite safe to assume that if you have ever been in a work setting (or maybe just own your very own business), you have certainly come face to face with some pressing circumstances that might have proven to be tough to get out of. It might be a situation where the pressure is just too much and knowing the best move to do was just really hard to determine. Sure, making a decision – while tough in itself – is certainly much more simple than knowing the correct one, but that is a skill you will have to get a good grasp of (and later master) if you hope to be truly successful in whatever field you may choose to work in. In fact, being a great decision-maker is not only advantageous in the workplace, as there will also be instances in life wherein you will need to make some quick decisions that might be irreversible.

And you can only truly achieve that if you have the right mind for it. If you are able to analyze situations deeply, then you can make some very wise decisions, ones that may even prove to be beneficial to all parties involved. And that, really, is a very good skill to have. Of course, you will have to start somewhere, and so being the kind of person that considers and looks at every detail is a great start, since knowing all the information about a particular situation can really help you come to a good conclusion. Have you ever wondered why some people will pay a lot for information? Well, it is basically to help them make better, more informed decisions than before.

And when it comes to the business world, that skill might be referred to as business acumen. So, you might be wondering what business acumen is, and what purpose it serves in the grand scheme of things. Well, basically, business acumen might be seen as one person’s ability to really analyze something deeply and make a decision that took into account all those details. For example, if you were an operations manager working to get a higher position, you would have to expect that a promotion would ask you to do different tasks, and taking a finance for non finance manager course early on would be the wise thing to do.

Sounds easy, correct?

Well, it is both easy and hard at the same time, which is why you should definitely work on improving your business acumen. It can really help you reach new heights.

Factors To Be Considered In Developing A Teamwork Training Plan

www.PsPrint.com

Time and again, we have repeatedly heard about the importance of teamwork in the workplace. And as much as leaders and managers would want to have effective teamwork in their organization, collaborative effort, it seems, still remains to be quite challenging to achieve. There are several factors that can hamper collaborative effort in the workplace but this should not discourage you from developing a team culture in your organization. There are lots of ways by which you can foster effective teamwork in the workplace and one of these ways is successful teamwork training.

To most organizations, teamwork training is far easier said than done. This can be quite true, especially in an organization that has failed to design and develop a training plan that can help employees have a better grasp of what collaborative effort really means. So what do we need to consider in developing a training and development plan for teamwork?

There are lots of things that must be considered and among them are the kinds of people who will be participating in the program. Are they all rank and file employees? Should leaders and managers participate in the same training as well? Should the training be rolled out in small groups or should all the members of the organization participate in it all at the same time? Then, there is also the question on where should the training take place. Should it be in the office? Or is it better to have it in a place away from elements that can remind participants of the humdrum of their daily jobs?

Another important factor that we need to take into consideration are the topics that would be discussed. Should there be an open forum? Should the sessions be delivered in a classroom training manner? Should the teamwork training have fun learning activities?

These are only some of the many important factors that must be considered in designing a teamwork training plan. It might sound difficult and some might be discouraged from pursuing such a program. However, if the organization is after a balanced scorecard that can very much reflect the success of the company, it is only fitting that it should take training and development programs on teamwork seriously. In this way, each and every member of the organization can have a sound understanding of the importance of teamwork to the success of the organization, as well as what collaborative effort really means.

%d bloggers like this: