Everyone involved in the company must appreciate what business is about. Learning how to read annual reports and understanding key ratios or simply the language of business cannot be overrated. This does not mean that you have to be an accountant and it does not mean that it is enough to understand the plus and the minuses but you also have to grasp the way Revenues, Costs and Assets interact from both the What and the How aspect.
It’s quite common that managers, even at high levels, does not understand the implications of key ratios that dictate what drivers to focus on whether you are talking about company profitability or bonus systems.
The better you understand Business Acumen the easier it will be to add value and become an important stakeholder. As an added benefit our way of training is really FUN.