How To List Business Acumen Resume Skills (With Tips)
By Indeed Editorial Team
Published 14 July 2022
The Indeed Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with Indeed's data and insights to deliver useful tips to help guide your career journey.
Business acumen skills help you in understanding and managing business situations of various kinds. Professionals who have business acumen often possess a variety of skills. There are many different jobs that require these skills, and this makes it important for you to understand what these skills are and how you may improve your skills. In this article, we discuss what business acumen resume skills are, explain how you may include these skills on your resume, list eight essential skills and provide a few tips to help you improve your skills.
What Are Business Acumen Resume Skills?
Business acumen resume skills are those important skills that you can highlight on your resume when applying for roles in business. These skills include both technical skills, which you may develop through training, and soft skills, which you may naturally hold that you can improve. Including the right skills on your resume is very important because it showcases to the hiring managers that you are the right candidate for the position. This can improve your chances of getting an interview.
How To List Business Acumen Skills On Your Resume?
Here are a few steps you may follow when listing your business acumen resume skills:
1. Make sure your skills match the job description
Make sure that your resume is suitable for the various applicant tracking software tools that many companies use for shortlisting resumes. You may do this by including a skills section on your resume that matches the job description for the role. Ensure your technical skills section exactly matches the requirements in the job description.
2. Use different sections to highlight your skills
You may showcase your skills on your resume at different places other than just the dedicated skills section. Highlighting your skills and how they have helped you previously in sections like work experience may give you an opportunity to showcase more skills. This may also allow you to elaborate on how these skills are relevant to the job opportunity. You may also mention a few essential skills in your professional summary at the top of your resume.
3. Use action verbs
When listing your soft skills, consider including your achievements from your past jobs to show how those skills helped you to perform well at your job. You may use action verbs to highlight your achievements on your resume. You can do this in a separate achievement section or within your work history section.
Important Business Acumen Skills
Here are a few important business acumen skills you may include on your resume:
Sales skills are an important component of business acumen and help leaders get involved in the daily operations of an organisation. As a management professional, your job duties may include training sales associates or helping them in improving their performance. You can offer these sales associates meaningful advice on developing their sales skills when you have proper knowledge and experience in sales.
Business leaders require extensive knowledge and know-how about the products and services the company sells. It is important that you know the benefits of all the company's products and can explain to both your team members and customers why they may want to buy them. Your team members may also seek your guidance on the products and services they are less familiar with, or they might ask you for details about some specific products or services.
At the workplace, you may encounter situations where there may be conflicts between people or groups of people. To handle such situations well, it is important that you possess sound conflict resolution skills. Such skills may enable you to manage conflicts of different types effectively and assist your team members or customers in reaching amicable solutions.
As a business leader, you may encounter different challenges on a daily basis, and each of these challenges may require you to handle the situation differently. It is important that you adapt to different situations and help your team members resolve different types of problems. Adaptability also becomes very important during a new product launch or when a new business unit is being set up, situations in which you may have little experience of having worked earlier.
Supporting and motivating your team is an important part of your job as a business leader, and this requires strong leadership skills. Your work may involve encouraging other employees to improve their skills and helping them to achieve their professional goals. You may show leadership by listening to your team, keeping them interested in their work, ensuring their workloads are as per their skill sets and promoting collaboration as part of the work culture.
Some common leadership skills include:
Financial acumen is the financial literacy of an individual. It helps you in understanding processes related to budgeting, reporting, forecasting and many other finance-based skills. When you work in a leadership position, it is important that you understand cash flows and how to work on maximising profits and minimising losses.
This is another important skill that can be very helpful for business leaders. Strategic thinking is the ability to create effective plans for managing business situations and for creating strategies for reaching company goals. Strategic thinking skills comprise adaptability, prioritisation skills, flexibility and strategic planning.
An important component of business acumen is the ability to solve problems. These skills define a person's capability of handling challenging or unexpected situations effectively. Having strong problem-solving skills may help you in determining the source of the issues and coming to viable solutions.
Tips For Improving Your Business Acumen Skills
Here are a few tips that may help you in improving your business acumen skills:
Get to know the company's business strategies
It is important that you understand the company's business model to develop strong business acumen. A business model comprises several components, like how the supply chain functions, the overall business cycle, the monetisation methods of the company and the methods used for talent acquisition. A strong understanding of such business factors can help you develop strong business acumen.
Find a mentor
An efficient way to improve your business knowledge and business acumen is by finding and working with an established senior figure in your industry. Working with such a mentor can help you immensely in understanding how business leadership works. If you are unable to meet your mentor personally, you may follow them on the different social media sites or read their blogs to learn about their methods and the business knowledge they possess.
Look for leadership opportunities
Actively looking for leadership opportunities can be helpful in developing your leadership skills. You may try to get leadership opportunities by opting to offer mentorship for new employees or assisting the management team with their tasks. For instance, you may volunteer to lead a sales meeting or manage a team project.
Attend training courses
There are numerous training courses available both in-person and online that you may attend to improve your business acumen skills. These courses can help you in learning about the different methods for motivating employees, setting goals and fostering open communication as part of the work culture. Your employer may offer you these courses, or you may find professional organisations offering such courses.
These courses are available for different experience levels and allow you to learn the basics if you are new or the advanced concepts if you have prior knowledge or experience. Online courses even offer flexibility in terms of you being able to choose when you do the coursework and how much time you spend every day. This makes it possible to attend the course even if you have other commitments and limited bandwidth.
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