4 Essential Business Acumen Questions Every Manager Needs to Answer

Running any business is a complex puzzle. In order to look at the big picture in your business, you need to know the answers to some basic financial questions. It is not enough for your CFO or some other “bean counter” to know this information. Business acumen requires every manager to be aware of these answers so that you will be able to guide your company to success.

When you can answer these 4 essential business acumen questions, you’ll be able to provide direction, prioritize and make better decisions.

Follow me on Twitter: @greatleadership or email me with suggestions for articles at: managementguide@about.com.

Thanks and regards,

Dan

 

Someone forward you this email? No Sweat! Sign up here to get your own If you're having trouble viewing this email, click here Follow Us 4 Essential Business Acumen Questions Every Manager Needs to Answer Running any business is a complex puzzle. In order to look at the big picture in your business, you need to know the answers to some basic financial questions. It is not enough for your CFO or some other “bean counter” to know this information. Business acumen requires every manager to be aware of these answers so that you will be able to guide your company to success. When you can answer these 4 essential business acumen questions, you’ll be able to provide direction, prioritize and make better decisions. Follow me on Twitter: @greatleadership or email me with suggestions for articles at: managementguide@about.com. Thanks and regards, Dan   Dan McCarthy Management & Leadership Expert A Finance and Accounting Glossary for the Non-financial Manager   Here’s a basic glossary of finance and accounting terms for the non-financial manager. Test yourself to see how many you know! READ NOW Budgeting Essentials for New Managers   Chances are, when someone is promoted to their first management role, it will be the first time they will have to manage a department budget. Read more for a few important tips! READ NOW Business Acumen 101   When you can answer these 4 essential business acumen questions, you’ll be able to provide direction, prioritize and make better decisions. READ NOW 7 Elements of a Strategic Plan   Here is a template for a basic, simplified strategic plan that any manager of work team can fill out that provides both long term purpose and direction and tactical operating plans. READ NOW How to Conduct a SWOT Analysis    A SWOT analysis is used to identify the strengths, weaknesses, opportunities, and threats relative to your company, unit or group, or a product, service or program you are responsible for. The SWOT analysis lets you focus on specific areas and discover actions that can help build on strengths, minimize or eliminate weaknesses, maximize opportunities, and deal with or overcome threats. Read more to find out how. READ NOW Featured Articles • Where the Christmas Temp Jobs Are - 2015 Holiday Predictions • Here's How You Can Overcome the Derailing Effects of Pressure • The Top 10 Zinc Producers 2013 • Will US Shoppers Be Halloween Happy With Their Holiday Spending? • Ways to Improve Your International Social Media Communications Strategy • Are Your Employees Ready to Commit to Change? • Meet the Inventors of the Electron Microscope • Why Ignoring Employee Satisfaction is a Short-Cut to Failure Advertisement About Management & Leadership  |  Follow Us You are receiving this newsletter because you subscribed to the Management & Leadership newsletter. If you wish to unsubscribe, please click here 1500 Broadway, 6th Floor, New York, NY, 10036 © 2015 About.com - All rights reserved. Privacy Policy.

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