How Can Business Leaders Develop Financial Acumen?
Developing financial acumen involves continuous learning and practical application. Here are some steps to enhance this skill:
Education: Enroll in financial management courses or workshops designed for executives. Mentorship: Seek guidance from a knowledgeable business mentor who can provide insights and real-world applications. Practical Experience: Engage in financial decision-making processes and take on roles that involve budgeting and financial planning. Reading: Regularly read financial reports, industry analyses, and relevant publications.