Business Acumen: What Is It and Why Is It So Important for Aspiring Leaders?

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Author: Ned Wasniewski | Published: August 10, 2015

It’s a fact: Effective leadership requires both interpersonal skills and business acumen.  Even the most dynamic and well-liked leaders are likely to flounder if they lack overall business sense. That’s because without a clear understanding of how business works, their  goals are likely to ring hollow — especially when employees recognize that these goals aren’t based on a strong understanding of the marketplace or technical/functional skills and knowledge.