In the industrial age, business acumen was a skill reserved for senior leadership, who were considered solely responsible for the decision making and strategy building in an organization. The digital age, however, has starkly different requirements. Today, in the VUCA world, leaders are required at all levels of the organization, with the additional requirement of an ‘entrepreneurial spirit’, a crucial part of acumen.
Business acumen is a crucial skill that allows leaders to understand their actions and the value they bring to the business. However, organizations struggle to develop the business acumen of their employees.