Business Acumen: Become a Financial Whiz!

Business Acumen, Geek 5

One of the Geek 5 risks is about lacking business acumen.   By definition, geeks have deep expertise in their fields.  Learning and developing deep expertise usually requires laser-like focus.   Engineers focus on math, science and technology; doctors focus on medicine; computer programmers focus on coding and systems, etc. 

As recent research has shown, it is believed to take approximately 10000 hours of practice to get good at something.  Geeks focus their 10000 hours (give or take) on their specialty.   As a result, most geeks don’t learn general business and financial skills.   

There are a lot of available resources to help geeks learn general business skills.  We’ll explore some of them in this blog.  Some of the resources are free and some cost to use.  The one common theme will be that you can learn from them on your own while you are working.  You don’t need to quit work and get an MBA to find success in your career. 

You already have a technical expertise that sets you apart.  What you need is to have enough business and financial acumen to understand the broader picture at your company.  You also need to understand the business issues facing your senior leaders and be able to discuss the issues.  To be a leader, even in your specialty area, you need to take a broader view of the business and financials of your company.

One resource to explore is Harvard Business Review (HBR).  HBR has many terrific resources – including articles, books, blogs and more.  I use HBR resources in many leadership programs and in executive coaching.  Recently I received an email about some new e-learning offerings from HBR.  I have not taken these course, but I trust content from HBR.  Sometimes HBRs web-based materials are not slick and flashy, but the content is always superior.

These e-learning courses cost $70-$130 for an individual license.  The topics include:

So if you are looking for some good business or financial course, check these out!

1 Comment

1 Comment

  1. Ryan C.  •  Mar 26, 2010 @2:22 pm

    From Wikipedia: “The perception of business acumen as a valuable and necessary quality for high-level corporate leaders has occurred within a short period of time… some have classified business acumen as simply a buzzword.” It’s no wonder that business acumen training is now a critical concern of modern leadership development.

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