Strategic Human Capital Insights

The Need for Business Acumen Is Critical

It’s Time to Take the Business Acumen Leadership Challenge
Rate your employees on their business acumen. And you can’t say that their job isn’t important enough. Every employee, in every position, should understand the business of your business. Your employees come to work every day. They sit at their desks or workstations and look busy. That’s the way it should be, right? Has ‘busyness’ become the new performance metric?

I recently spoke at the NAWMBA Conference, National Association of Women MBAs, to present on the topic of, The Power of Planning for Entrepreneurs – Survive or Thrive.  As I prepared my presentation for the conference, it has direct application to my Leadership Blog Series – just focused on a slightly different group.  So for all the entrepreneurs and want-to-be entrepreneurs, here are some tips for you as you start to plan your business, or revise your current strategy.  You can access the presentation here.

According to a recent Fortune article, “Why Startups Fail, According to Their Founders,” Founder / CEO’s say they feel pressure to “keep up the façade of success, even when things are actually falling apart behind the scenes.”  So how do we avoid some of the most common traps and keep your start up on course?