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Monday, 11-Jan-2010 05:59 Email | Share | | Bookmark
Business Acumen

 

Strategic alignment involves focusing the efforts the total organization towards a single goal. The initial step to be taken to achieve this is to provide a clear idea of the direction the individual components of the organization have to follow. A sharp business acumen is necessary to accomplish a successful strategic alignment and in turn a profitable result.

It is highly essential for each segment within the organizational structure to realize the significance of their roles in the effort to achieve the goal. Only then can a uni-directional approach be possible in the endeavours of the organization as a whole.

Strategic alignment is a process. It needs to be continuously monitored by comparing the expected results with the actual results. Any deviations have to be immediately corrected by identifying the weak points and concentrating on their remedy. It is therefore the responsibility of the top level management to use their business acumen to attain the goal. The confidence and sincerity to work surely will flow down to the executives at the basic levels.

Many educational institutions provide courses that impart business literacy. These include extensive topics relevant to business and industry. Interactive programs and simulations of the possible outcomes are available to help understand the decision making process. This is important in helping an executive in the organization to understand the possible benefits, trade offs and obstacles encountered while executing their responsibilities.


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