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Business Acumen is the ability to perform with insight, acuteness, and intelligence in the areas of commerce and/or industry. Make decisions and act in situations in which there is not enough information to be certain of outcome or implications of the decision.Behaviors
An employee demonstrating this competency:Importance of this Competency
Dealers, Healers, Brutes and Saviors; Eight Winning Styles for Solving Giant Business Crises, by Gerald C. Meyer & Susan Meyers. New York, NY: John Wiley & Sons, 2000.
E-Profit: High-Payoff Strategies for Capturing the E-Commerce Edge, by Peter S. Cohan. New York, NY: AMACOM, 2000.
Executive’s Guide to E-Business: From Tactics to Strategy, by Martin Deise, Conrad Nowikow, Patrick King, & Amy Wright. New York, NY: John Wiley & Sons, 2000.
Financial Intelligence: A Manger’s Guide to Knowing What the Numbers Really Mean, by Karen Berman & Joe Knight. United States: Harvard Business Review Press, 2006.
Interpreting and Analyzing Financial Statements, by Karen Schoenebeck & Mark Holtzman. Upper Saddle River, NJ: Prentice Hall, 2012.
Profitable Growth is Everyone’s Business: 10 Tools You Can Use Monday Morning, by Ram Charan. New York, NY: Crown Business, 2004.
Simplicity: The New Competitive Advantage in a World of More, Better, Faster, by Bill Jensen. New York, NY: Perseus Press, 2001.
Smart Choices : A Practical Guide to Making Better Decisions, by John S. Hammond, Ralph L. Keeney, & Howard Raiffa. Boston, MA: Harvard Business School Press, 2002.
The 2,000 Percent Solution: Free Your Organization form ‘Stalled’ Thinking to Achieve Exponential Success, by Donald Michell, Carol Coles, & Robert Metz. New York, NY: AMACON, 2003.
The Business of E-Commerce: From Corporate Strategy to Technology (Breakthroughs in Application Development), by Paul Richard May. New York, NY: Cambridge University Press, 2000.
The McGraw-Hill 36-Hour Course: Finance for Non-Financial Managers, by H. George Shoffner, Susan Shelly & Robert Cooke. New York, NY: McGraw-Hill, 2011.
SELF STUDY COURSES
Finance and Accounting for Nonfinancial Managers. American Management Association. Tel. 800 250-5308. http://www.amaselfstudy.org/course.cfm?isbn=9780761214892
How to Read and Interpret Financial Statements. American Management Association. Tel. 800 250-5308. http://www.amaselfstudy.org/course.cfm?isbn=9780761213963
Corporate Social Responsibility: Strategies to Create Business and Social Value. Four days. Harvard Business School Executive Education. Tel. 800 427-5577. www.exed.hbs.edu/programs/csr
Finance and Accounting for the Nonfinancial Leader. MRA-The Management Association, Inc. Tel. 800 679-7001. http://www.mratraining.com/CourseDetail.asp?id=1940
Fundamentals of Finance for Non-Financial Managers. Three days. American Management Association. Tel. 877 566-9441. http://www.amanet.org/training/seminars/Fundamentals-of-Finance-and-Accounting-for-Nonfinancial-Managers.aspx
Consult local community college and adult education offerings for general business courses.