Improving Leadership Excellence Through Sharpening Business Acumen

Want to become a Great Business Leader? Sharpen Your Business Acumen by Becoming Domain Expert

In this article you will learn the following

- Business acumen what it means and addresses

-9 essential elements of Domain-knowledge

-90 Tips to sharpen your business acumen and strengthen your domain-knowledge by becoming a subject matter expert

-24 Tips to become the best expert and master your area of interest

?Your business-acumen - enables and empowers you to - make effective decisions and to lead your organization and team to sustainable future and to create disruptive changes that help you focusing on the things that matter most.

Business acumen [or Business-instinct] typically addresses the following 9 questions and some more

1.??What is happening in the world today - which might have bearing on your business?in both long as well as in short terms

2.??How it will impact your competitors, your industry and your business

3.??How can you turn these changes it into an opportunities

4.??What you need to do to minimize risks

5.??How can you ensure sustaining and growing your profits, market share and revenues

6.??What strategic changes needs to be made within your own organization - to meet the emerging challenges and utilize the trends

7.??How will you create buy-in for all these changes from your own people

8.??How will you acquire and retain your most value-adding customers

9.??How would you attract and retain best talent

Irrespective of their intelligence and positional levels - you may discover that most people have difficulty in understanding many - complex, abstract and many conceptual ideas.

You can strengthen your business-acumen by sharpening your Domain-knowledge.

9 essential elements of Domain-knowledge - that is having deep understanding and clarity in

1.??Your specific industry dynamics

2.??Business model and revenue models

3.??Marketing channels

4.??Competitive landscape

5.??Customer value chain and customer’s preferences

6.??Supply chain

7.??Your commercial, business, marketing and technical challenges

8.??Your industry-specific strategies

9.??Business orientation, risk awareness as well as compliance

90 Tips to sharpen your business acumen and strengthen your domain-knowledge by becoming a subject matter expert

1.??Become financially literate business-wise - track all the important current metrics as well as those you get from your business intelligence - ask for help if there are metrics you don’t understand

2.??Become good in dealing with data, numbers and statistics - let the numbers convince you and use them to negotiate and convince others

3.??Study and understand all about business and revenue model

4.??Understand your existing and future customers - and the strategies needed to engage them meaningfully

5.??Become more comfortable taking calculated risks

6.??Learn about your industry segments

7.??Gain knowledge of business requirements, marketing and operational dynamics

8.??Understand challenges, risks, and opportunities, competition

9.??Develop understanding of global domain best practices

10.??????????????Turn your passion to develop your niche know-how

11.??????????????Stretch your neck out - take risk - make mistakes and the use these mistakes to enhance and strengthen your knowledge

12.??????????????Identify your interest area - and what type of positive differences you want to create in this

13.??????????????Also identify your whys - why you want to do this - your long-term motivations, drives and inspirations - as you would needs lots of patience, persistence and consistent efforts to become an go-to expert

14.??????????????Learn to identify and address yours as well as others’ pain points

15.??????????????Whenever in doubt ask, seek and explore

16.??????????????Never assume anything till you have tested it

17.??????????????Volunteer to projects where your skills, knowledge and expertise will be stretched and tested

18.??????????????Have the courage to accept your mistake and then work on correcting them

19.??????????????Be yourself and be free - accept when you don’t know something openly and then learn

20.??????????????Learn from the best in your field

21.??????????????Experiment, experiment and experiment - make mistakes and fail - but keep trying out new ways, methods and process

22.??????????????24 Tips to become the best expert and master your area of interest

????I.???????Join classes

??II.???????Attend conferences-seminars

?III.???????Enroll in courses

?IV.???????Participate in meaningful discussions

?V.???????Teach others

?VI.???????Join and get involved actively in your professional and field of interest

VII.???????Post your articles and tips on social and professional media

VIII.???????Stay updated with what is happening the world-over

?IX.???????Increase your awareness about the latest trends

?X.???????Read and absorb what is happening in other fields - find ways to customize this in your area of interest

?XI.???????Look for opportunities to increase apply, use and add value - by practically testing and implementing your knowledge and skill

XII.???????Seek project to get hands-on experience

XIII.???????Dedicate and schedule time to learn - go for continue learning all the time in everyway

XIV.???????Always test your ideas, concepts and theories - in multiple situation under various differing parameters and conditions

XV.???????Keep developing solutions for betterment and improvement

XVI.???????Focus on creating excellence

XVII.???????Use Question/Answer websites to offer expert advice

XVIII.???????Create your own zoom-conference

XIX.???????Challenge your own theories

XX.???????Challenge experts

XXI.???????Write for various online as well as offline forums

XXII.???????Start and maintain an informative blog

XXIII.???????Create your own YouTube channel

XXIV.???????Offer help to others - who might not have resources to afford one

This article was originally published as “90 tips sharpen business acumen and leadership excellence” in?https://successunlimited-mantra.com/index.php/blog [1st]for more than 3000+ blogs, articles and answers on creating metamorphosis in every aspect of your life - personal, professional, business, mental, emotional, social, relationships - please visit all three links https://relationshipandhappiness.com/ [2nd] and https://www.quora.com/profile/Subhashis-Banerji [3rd]

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