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Business acumen, also known as business savviness, business sense and business understanding, is a combination of knowledge, skills, and experience that enables individuals to understand business situations, make sound decisions, and drive successful outcomes for an organization. [citation needed] It is also defined as " keenness and quickness ...
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). [1][2][3][4] It is also "any activity or enterprise entered into for profit." [5]
Young professional. The term young professional generally refers to young people between 20 and 49 who are employed in a profession or white-collar occupation. The meaning may be ambiguous [1] and has evolved from its original narrow meaning of a young person in a professional field. [2] Although derivative of the term ' yuppie ', it has grown ...
Business analyst. A business analyst (BA) is a person who processes, interprets and documents business processes, products, services and software through analysis of data. [1][2][3][4] The role of a business analyst is to ensure business efficiency increases through their knowledge of both IT and business function. [5]
Professionalization or professionalisation is a social process by which any trade or occupation transforms itself into a true " profession of the highest integrity and competence." [1] The definition of what constitutes a profession is often contested. Professionalization tends to result in establishing acceptable qualifications, one or more ...
Mentorship is the patronage, influence, guidance, or direction given by a mentor. [1] A mentor is someone who teaches or gives help and advice to a less experienced and often younger person. [2] In an organizational setting, a mentor influences the personal and professional growth of a mentee. Most traditional mentorships involve having senior ...
Business development is to be thought of as a marketing tactic. The objectives include branding, expansion in markets, new user acquisition, and awareness. However, the main function of business development is to utilize partners in selling to the right customers. Creating opportunities for value to be ongoing in the long term is important.
The administration of a business includes the performance or management of business operations and decision-making, as well as the efficient organization of people and other resources to direct activities towards common goals. In general, "administration" refers to the broader management function, including the associated finance, personnel and ...