{"id":113833,"date":"2024-06-18T15:42:25","date_gmt":"2024-06-18T19:42:25","guid":{"rendered":"https:\/\/trainingindustry.com\/?post_type=glossary&#038;p=113833"},"modified":"2024-06-18T15:42:25","modified_gmt":"2024-06-18T19:42:25","slug":"business-acumen","status":"publish","type":"glossary","link":"https:\/\/trainingindustry.com\/glossary\/business-acumen\/","title":{"rendered":"Business Acumen"},"template":"","class_list":["post-113833","glossary","type-glossary","status-publish","hentry"],"acf":{"main_content":"<strong>Business acumen<\/strong> is an understanding of how a business works and what it takes to develop a sustainable, competitive advantage and reach business goals. Employees with business acumen understand how they individually contribute to their company\u2019s bottom line and use that knowledge to make good business decisions. It\u2019s important for employees across the organization, but especially for training leaders, since they must be able to translate learning and development (L&amp;D) programs into business impact.\u00a0There are several important areas of business in which L&amp;D professionals must develop competency, including financial literacy, business strategy, marketing and leadership skills.\r\n\r\nRelated Content:\r\n<ul>\r\n \t<li><a href=\"https:\/\/trainingindustry.com\/wiki\/professional-development\/business-acumen\/\" target=\"_blank\" rel=\"noopener\">Wiki: Business Acumen<\/a><\/li>\r\n \t<li><a href=\"https:\/\/trainingindustry.com\/articles\/professional-development\/from-order-taker-to-trusted-partner-10-tips-for-building-business-acumen-as-a-learning-leader\/\" target=\"_blank\" rel=\"noopener\">From Order-Taker to Trusted Partner: 10 Tips for Building Business Acumen as a Learning Leader<\/a><\/li>\r\n \t<li><a href=\"https:\/\/trainingindustry.com\/articles\/professional-development\/the-business-of-learning-episode-75-building-business-acumen-as-a-learning-leader\/\" target=\"_blank\" rel=\"noopener\">The Business of Learning Podcast Episode: Building Business Acumen as a Learning Leader<\/a><\/li>\r\n \t<li><a href=\"https:\/\/trainingindustry.com\/continuing-professional-development\/training-manager-competency-model\/\" target=\"_blank\" rel=\"noopener\">Training Manager Competency Model\u2122<\/a><\/li>\r\n<\/ul>\r\n&nbsp;","custom_dfp_keywords":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.8 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Business Acumen - Training Industry<\/title>\n<meta name=\"description\" content=\"Business acumen is an understanding of how a business works and what it takes to develop a competitive advantage and reach business goals.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trainingindustry.com\/glossary\/business-acumen\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business Acumen\" \/>\n<meta property=\"og:description\" content=\"Business acumen is an understanding of how a business works and what it takes to develop a competitive advantage and reach business goals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trainingindustry.com\/glossary\/business-acumen\/\" \/>\n<meta property=\"og:site_name\" content=\"Training Industry\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TrainingIndustry\/\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trainingindustry.com\/content\/uploads\/2017\/10\/ti-logo-stacked.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@TrainingIndustr\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/trainingindustry.com\\\/glossary\\\/business-acumen\\\/\",\"url\":\"https:\\\/\\\/trainingindustry.com\\\/glossary\\\/business-acumen\\\/\",\"name\":\"Business Acumen - Training Industry\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/trainingindustry.com\\\/#website\"},\"datePublished\":\"2024-06-18T19:42:25+00:00\",\"description\":\"Business acumen is an understanding of how a business works and what it takes to develop a competitive advantage and reach business goals.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/trainingindustry.com\\\/glossary\\\/business-acumen\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/trainingindustry.com\\\/glossary\\\/business-acumen\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/trainingindustry.com\\\/glossary\\\/business-acumen\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/trainingindustry.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Glossary\",\"item\":\"https:\\\/\\\/trainingindustry.com\\\/glossary\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Business Acumen\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/trainingindustry.com\\\/#website\",\"url\":\"https:\\\/\\\/trainingindustry.com\\\/\",\"name\":\"Training Industry\",\"description\":\"Articles, research and tools for the L&amp;D professional. 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