Business Acumen is defined by the efficiency with which a business-person can understand, interpret, analyze, and deal with a business situation in a professional and profitable manner. Managers having multiple responsibilities often tend to compartmentalize their own thinking. This might help them in getting the job done, however it doesn’t keep the manager ready to face an unforeseen situation. Business Acumen not only gives them the chance to see things from a broader perspective but also makes them aware of the key features that are needed to run an organization successfully. This tutorial covers the basics of Business Acumen and what it takes to be a successful business-person.