Business Acumen: Running a business entails more than wearing a suit and tie. It involves understanding financial analyses and balancing the organization's opportunity costs, both of which are taught in an MBA program. These skills can be valuable outside of traditional business environments, such as nonprofits or in education. Skills for running a successful business may help you keep costs down and ensure that the company stays within operational budgets and also prepare you to pull the plug on a project if it's simply taking too long or not worth the time.
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