90 tips sharpen business acumen and leadership excellence

In this article you will learn the following

- Business acumen what it means and addresses

-9 essential elements of Domain-knowledge

-90 Tips to sharpen your business acumen and strengthen your domain-knowledge by becoming a subject matter expert

-24 Tips to become the best expert and master your area of interest

Your business-acumen - enables and empowers you to - make effective decisions and to lead your organization and team to sustainable future and to create disruptive changes that help you focusing on the things that matter most.

Business acumen [or Business-instinct] typically addresses the following 9 questions and some more

• 1.What is happening in the world today - which might have bearing on your business in both long as well as in short terms
• 2.How it will impact your competitors, your industry and your business
• 3.How can you turn these changes it into an opportunities
• 4.What you need to do to minimize risks
• 5.How can you ensure sustaining and growing your profits, market share and revenues
• 6.What strategic changes needs to be made within your own organization - to meet the emerging challenges and utilize the trends
• 7.How will you create buy-in for all these changes from your own people
• 8.How will you acquire and retain your most value-adding customers
• 9.How would you attract and retain best talent

Irrespective of their intelligence and positional levels - you may discover that most people have difficulty in understanding many - complex, abstract and many conceptual ideas.

You can strengthen your business-acumen by sharpening your Domain-knowledge.

9 essential elements of Domain-knowledge - that is having deep understanding and clarity in

• 1.Your specific industry dynamics
• 2.Business model and revenue models
• 3.Marketing channels
• 4.Competitive landscape
• 5.Customer value chain and customer's preferences
• 6.Supply chain
• 7.Your commercial, business, marketing and technical challenges
• 8.Your industry-specific strategies
• 9.Business orientation, risk awareness as well as compliance

90 Tips to sharpen your business acumen and strengthen your domain-knowledge by becoming a subject matter expert

• 1.Become financially literate business-wise - track all the important current metrics as well as those you get from your business intelligence - ask for help if there are metrics you don't understand
• 2.Become good in dealing with data, numbers and statistics - let the numbers convince you and use them to negotiate and convince others
• 3.Study and understand all about business and revenue model
• 4.Understand your existing and future customers - and the strategies needed to engage them meaningfully
• 5.Become more comfortable taking calculated risks
• 6.Learn about your industry segments
• 7.Gain knowledge of business requirements, marketing and operational dynamics
• 8.Understand challenges, risks, and opportunities, competition
• 9.Develop understanding of global domain best practices
• 10.Turn your passion to develop your niche know-how
• 11.Stretch your neck out - take risk - make mistakes and the use these mistakes to enhance and strengthen your knowledge
• 12.Identify your interest area - and what type of positive differences you want to create in this
• 13.Also identify your whys - why you want to do this - your long-term motivations, drives and inspirations - as you would needs lots of patience, persistence and consistent efforts to become an go-to expert
• 14.Learn to identify and address yours as well as others' pain points
• 15.Whenever in doubt ask, seek and explore
• 16.Never assume anything till you have tested it
• 17.Volunteer to projects where your skills, knowledge and expertise will be stretched and tested
• 18.Have the courage to accept your mistake and then work on correcting them
• 19.Be yourself and be free - accept when you don't know something openly and then learn
• 20.Learn from the best in your field
• 21.Experiment, experiment and experiment - make mistakes and fail - but keep trying out new ways, methods and process
• 22.24 Tips to become the best expert and master your area of interest
• I.Join classes
• II.Attend conferences-seminars
• III.Enroll in courses
• IV.Participate in meaningful discussions
• V.Teach others
• VI.Join and get involved actively in your professional and field of interest
• VII.Post your articles and tips on social and professional media
• VIII.Stay updated with what is happening the world-over
• IX.Increase your awareness about the latest trends
• X.Read and absorb what is happening in other fields - find ways to customize this in your area of interest
• XI.Look for opportunities to increase apply, use and add value - by practically testing and implementing your knowledge and skill
• XII.Seek project to get hands-on experience
• XIII.Dedicate and schedule time to learn - go for continue learning all the time in everyway
• XIV.Always test your ideas, concepts and theories - in multiple situation under various differing parameters and conditions
• XV.Keep developing solutions for betterment and improvement
• XVI.Focus on creating excellence
• XVII.Use Question/Answer websites to offer expert advice
• XVIII.Create your own zoom-conference
• XIX.Challenge your own theories
• XX.Challenge experts
• XXI.Write for various online as well as offline forums
• XXII.Start and maintain an informative blog
• XXIII.Create your own YouTube channel
• XXIV.Offer help to others - who might not have resources to afford one
• 23.Develop your communication skill
• 24.Ensure that you are able to explain complex, complicated and abstract technical aspects - in very simple jargon-free language to a lay-person
• 25.Ensure that - you come out as a trusted and genuine expert and authority - who gives candid and honest advice without any hidden agenda like selling something for personal gains
• 26.Assess and identify your strengths as well as weaknesses
• 27.Identify which of your strengths you need to strengthen further
• 28.Know which of the weaknesses you need to work on to become a great
• 29.Develop your thirst for knowledge- do proactive research to learn and sharpen your niche expertise
• 30.Develop mental agility, flexibility and adaptability to different situations
• 31.Evaluate current and future needs and expectations of people, situation and projects
• 32.Network by reaching out to organizations and experts in your niche
• 33.Learn to identify gaps in the market
• 34.Become a great observer of emerging trends
• 35.Identify what skills, knowledge and exposure you need to remain the top expert in your field - to fine-tune your usp
• 36.Identify the top experts you can collaborate with
• 37.Act like a true professional - who maintain highest levels of transparency, integrity and greatest candid levels of authenticity to become the GoTo expert
• 38.Build industry authority - create a rapport with your target audience - enhance your credibility
• 39.Share your subject matter expertise and domain-knowledge freely
• 40.Build your brand-image through delivering results - consistently
• 41.Learn to leverage your expertise to persuade and influence others
• 42.Help make others take the right choices and decisions
• 43.Get clear on what others want listen for new perspectives - because onlyby understanding different viewpoints -your own can get crystal clear
• 44.Build gravitas - read my article on this
• 45.Become a great leader who makes people empowered and resourceful
• 46.Learn how to persuade and create agreement on your vision
• 47.Become an influencer by suggesting what - product or services should go for - by giving honest unbiased comparative data
• 48.Develop a disciplined routine
• 49.Practice innovative-creative-critical-disruptive thinking
• 50.Be precise helpful articulate and principled
• 51.Become a mentor - mentor and help others grow - increase your worth to the business
• 52.Act as the main source of subject information - summarize key information - create learning objectives - give feedback
• 53.Become synonymous with effectiveness and efficiency
• 54.Develop expert recommendations
• 55.Read the most popular books on your area of interest
• 56.Become apprentice under a great expert
• 57.Follow the top industry experts on the topic.
• 58.Volunteer to support a non-profit organization.
• 59.Strengthen and stimulate your brain - improve your analytical skills
• 60.Creating enabling resources for yourself as well as others
• 61.Associate with the best
• 62.Train others around you - assess how much your team members already know and how fit they are to work confidently plus what they still need to learn and improve on so they can accurately accomplish their tasks
• 63.Learn industry terminology and definitions. And all the buzzwords
• 64.Gather recommendations from a diverse set of sources and build a reading and watching list for yourself.
• 65.Clarify the jargon for others
• 66.Learn to use story-telling in your presentation
• 67.Learn to create great customer and user experience
• 68.Make sure that when you test your products, you find a way to make it feel as real as possible - for the end user

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