{"id":4812,"date":"2020-04-23T10:13:04","date_gmt":"2020-04-23T07:13:04","guid":{"rendered":"https:\/\/tmc.ke\/staging\/?p=4812"},"modified":"2020-04-23T10:37:29","modified_gmt":"2020-04-23T07:37:29","slug":"how-to-develop-a-business-acumen-in-your-employees","status":"publish","type":"post","link":"https:\/\/tmc.ke\/staging\/how-to-develop-a-business-acumen-in-your-employees\/","title":{"rendered":"HOW TO DEVELOP BUSINESS ACUMEN IN YOUR EMPLOYEES"},"content":{"rendered":"\n<div class=\"is-layout-flow wp-block-group\"><div class=\"wp-block-group__inner-container\">\n<p class=\"has-text-color has-very-dark-gray-color\">Senior company representative and business owners all share a \u2018business acumen\u2019. This simply sums up to understanding how a business can work and how to make it profitable. Chances are, as a business leader, numerous company successes can be attributed to you.\u00a0 Now consider the competitive advantage your organisation could achieve if a good proportion of your employees thought like a CEO? It\u2019s not enough to have a business savvy leader in your ranks \u2013 you need a driven team too. Here\u2019s what you can do to finally activate the business acumen in your squad:<\/p>\n\n\n\n<ol><li>Let\nthem learn <\/li><\/ol>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\">Unsurprisingly,\nemployee development is at the top of the list. Employee engagement is an\nessential ingredient in building an appreciation for your business. We can\nbreak down the essential types of learning they need:<\/p>\n\n\n\n<ul><li>Teach\nthem about the business and its goals<\/li><\/ul>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\">It\u2019s hard to recommend a direction when you don\u2019t know where you\u2019re going. Make sure your employees understand the logistics of your business and how it makes a profit. Educate them on the company vision and the strategy it is adopting. When employees can see a connection between their role and the big picture, they\u2019re likely to take ownership of their work. Keep them informed on every step of the journey and appreciate their contribution. <\/p>\n\n\n\n<ul><li>Upskill\nand training<\/li><\/ul>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\">Making sure your employees are the best they can be at\ntheir jobs is a major bonus in this hyper competitive business world. It\u2019s\nabundantly clear how the world is changing daily and this applies to business\nas well. Invest in training your employees and keep them adaptive. Not only\ndoes this keep them engaged, but loyal. <a href=\"https:\/\/tmc.ke\/staging\/why-human-resource-is-the-ultimate-resource\/\">If you\ninvest in them, they\u2019ll invest in you.<\/a> <\/p>\n\n\n\n<ul><li>Cross-training<\/li><\/ul>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\">Looking\nback at the bigger picture, get your employees invested in the success of\nvarious departments in your organisation. &nbsp;It\u2019s critical that they understand the\npurpose and function of other departments<a href=\"#_ftn1\">[1]<\/a>. This gives them an opportunity to see how their work\nimpacts the entire organisation. <\/p>\n\n\n\n<ul><li>Create opportunities through challenges<\/li><\/ul>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\">Being an entrepreneur entails understanding and solving problems \u2013 arguably better than everyone else and critical thinking skills and creativity certainly go a long way. Encourage employees to develop these skills and offer rewards by challenging them frequently. While it may seem like a small exercise, its impact is far bigger. By solving problems on a daily basis, employees also learn to critically analyse solutions and share their opinions. As a result innovation and sharing ideas then become commonplace in the organisation.<\/p>\n\n\n\n<ul><li>Establish a business acumen as a core competency <\/li><\/ul>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\">Create a list of behaviours and characteristics you require your\nemployees to exhibit. This will act as a guideline for both you and your\nemployees in fostering skills successful leaders are known to have. Incorporate\nthe list into your hiring process, so to set expectations. Refer to your list\nduring performance reviews and share constructive feedback. <\/p>\n\n\n\n<ul><li>Take them networking<\/li><\/ul>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\">It\u2019s virtually impossible not to think like a business person, in a room of business people. While people aren\u2019t driven by the same things, they are commonly motivated by prestige and influence \u2013 qualities abundant at networking events. Bring your employees along to these events and demonstrate the perks of putting more consideration into their work. Subsequently by meeting industry leaders their perception and goals will be influenced for the better. Simply put, <a href=\"https:\/\/tmc.ke\/staging\/reasons-youre-not-an-effective-leader\/\">people aim to replicate behaviours of people they admire. \u00a0<\/a><\/p>\n\n\n\n<ul><li>Passion is contagious <\/li><\/ul>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\">Passion and zeal are infectious qualities and you should leverage them to motivate your employees. Let them in on your vision and the role they play in bringing it to life. If they can see the potential through your eyes, they can probably feel your passion. <\/p>\n\n\n\n<ul><li>Encourage mistakes<\/li><\/ul>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\">The road to innovation is littered with broken light bulbs. Without failure,\nthey cannot be meaningful creation. Encourage your team to regularly experiment,\nfail and learn. If not to build experience in what <em>not <\/em>to do, then to produce\nsuccessfully tested concepts and products. A failure is after all, worth a lot\nmore than an untested, unspoken idea. <\/p>\n\n\n\n<ul><li>Give them responsibility<\/li><\/ul>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\">Lastly, building trust within your employees is essential in encouraging\nthem to contribute meaningfully to the company vision. If you give your team responsibilities\noutside of their usual tasks and communicate the importance of said task, they\nwill usually strive to exceed your expectations. Use this technique to gauge\nwhich members of your team you should invest extra time in. <\/p>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\">Conclusively, if you get your team behind a common goal (the company\nvision) and make meaningful efforts to attain it, your team will too. Foster a\nstimulating environment and encourage employee contribution. Not only with this\nhelp in attracting top talent but also get the best out of your current team. <br><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p><a href=\"#_ftnref1\">[1]<\/a> <a href=\"https:\/\/www.insperity.com\/blog\/develop-business-acumen\/\">https:\/\/www.insperity.com\/blog\/develop-business-acumen\/<\/a><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Senior company representative and business owners all share a \u2018business acumen\u2019. This simply sums up to understanding how a business can work and how to make it profitable. Chances are, as a business leader, numerous company successes can be attributed to you.\u00a0 Now consider the competitive advantage your organisation could achieve if a good proportion of your employees thought like a CEO? It\u2019s not enough to have a business savvy leader in your ranks \u2013 you need a driven team too. Here\u2019s what you can do to finally activate the business acumen in your squad: Let them learn Unsurprisingly, employee\u2026<\/p>\n","protected":false},"author":4,"featured_media":4820,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[1],"tags":[],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":5}},"_links":{"self":[{"href":"https:\/\/tmc.ke\/staging\/wp-json\/wp\/v2\/posts\/4812"}],"collection":[{"href":"https:\/\/tmc.ke\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tmc.ke\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tmc.ke\/staging\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tmc.ke\/staging\/wp-json\/wp\/v2\/comments?post=4812"}],"version-history":[{"count":5,"href":"https:\/\/tmc.ke\/staging\/wp-json\/wp\/v2\/posts\/4812\/revisions"}],"predecessor-version":[{"id":4819,"href":"https:\/\/tmc.ke\/staging\/wp-json\/wp\/v2\/posts\/4812\/revisions\/4819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tmc.ke\/staging\/wp-json\/wp\/v2\/media\/4820"}],"wp:attachment":[{"href":"https:\/\/tmc.ke\/staging\/wp-json\/wp\/v2\/media?parent=4812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tmc.ke\/staging\/wp-json\/wp\/v2\/categories?post=4812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tmc.ke\/staging\/wp-json\/wp\/v2\/tags?post=4812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}