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U.S. drillers put 9 rigs back to work
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Fuel Fix

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Two oil executives plead guilty in foreign bribery case

Two oil executives plead guilty in foreign bribery case

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    FERC chairman says Perry’s grid proposal to be decided by Dec. 11

    FERC chairman says Perry’s grid proposal to be decided by Dec. 11

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    Total buys Engie’s LNG business, including Cameron LNG stake

    Total buys Engie’s LNG business, including Cameron LNG stake

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    Gallery: Data reveals where Houston sends its goods the most

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    July 1, 2016

    Acumen IT Takes Home Golden Datto Award at DattoCon 2016

    Acumen IT Takes Home Golden Datto Award at DattoCon 2016

    Business acumenToday announced the company took home a Golden Datto award in the Partner of the Year category during DattoCon, Datto’s annual partner conference, in Nashville. The Golden Datto awards recognize the outstanding accomplishments of Datto’s partner community. Given across 10 unique categories, Golden Datto award winners are an elite group of businesses that are recognized as leaders in the IT industry.

    This award goes to a partner that has made the commitment to not only offering Datto as their business continuity solution, but supporting Datto in the promotion of our products and our support of the channel community. They are true advocates for Datto, and are always willing to participate in webinars, peer to peer conversations, presentations, and panels, to share the value of business continuity with others. They also spend the time giving continual feedback on how we can continue to improve everything from product to partner programs, and have contributed significantly to Datto’s ongoing success.

    “At DattoCon we have the opportunity to celebrate the accomplishments of Datto’s partners and the Golden Datto awards are about honoring partners who have truly gone above and beyond. Acumen IT is one such partner. Congratulations to Acumen IT on their award.”

    Datto is an innovative provider of comprehensive backup, recovery and business continuity solutions used by thousands of managed service providers worldwide. Datto’s 200+ PB private cloud and family of software and hardware devices provide Total Data Protection everywhere business data lives. Whether your data is on-premises in a physical or virtual server, or in the cloud via SaaS applications, only Datto offers end-to-end recoverability and single-vendor accountability. Founded in 2007 by Austin McChord, Datto is privately held and profitable, with venture backing by General Catalyst Partners and Technology Crossover Ventures. In 2015 McChord was named to the Forbes “30 under 30” ranking of top young entrepreneurs.

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    Higher education institutions are embracing 401(k) plans to the point where they are more popular than 403(b) plans.

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    Senate introduces tax bill, keeps most retirement contributions intact

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    BlackRock CEO Fink sees as much as $5 trillion moving to passive

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    Defining Business Acumen Skills

    By Robert Brodo | Oct 12, 2015 3:26:34 PM | Business Acumen

    Business acumen Business acumen Business acumen Business acumen Business acumen Business acumen

    Business acumen

    In today’s complex global business environment, organizations can survive or fail, and individual’s careers can stall or excel, based on the level and proficiency of business acumen skills within their company. Just ask any c-suite executive if having a strong business skill set has been critical for their own success and we guarantee they will say yes! With this being such an important competency, defining Business Acumen and getting everyone on the same page about what it means is critical.

    Advantexe is a training and consulting firm that specializes in the design, development, and delivery of simulation-centric talent development engagements that focus on Business Acumen develop ment. Based our work with cross functional teams, new hires, emerging leaders, and some of the top business leaders around the world, here is how we are defining business acumen.

    What is Business Acumen? Advantexe’s Definition.

    Business Acumen is a deep and applicable understanding of the system of how a business achieves its goals and objectives. It includes a thorough understanding of the levers that create and position a value proposition to customers and it drives profitability, cash flow, and shareholder value. Specifically, the definition is an understanding and awareness of how to think about and successfully make the right business decisions. The term business acumen should be broken down into two primary areas:

    1. Industry-specific knowledge and skills
    2. Strategic thinking tools and skills.

    Industry knowledge skills include:

    • Understanding and impacting the Profit Loss statement, the Balance Sheet, and Cash Flow Statement,
    • Comprehending the industry ecosystem and local market (customers),
    • Analyzing and using data.

    Strategic thinking skills include:

    • Using sound business judgment, having a general manager mindset (assessing a market and setting direction)
    • Being able to predict contingent outcomes from both customer and competitive perspectives

    Taking an even deeper dive into the definition, let’s focus on three primary characteristics that comprise the series of Business Acumen competencies in today’s business leaders:

    1. A General Manager Mindset
    2. Financial Acumen
    3. Ability to Lead and Support Strategic Execution

    Advantexe’s Business Acumen Competency Model

    Business acumen

    A General Manager Mindset

    • Understands the complete business ecosystem including developing and executing strategy, the integration of internal operations to deliver the value proposition, the supply chain, market trends, customer needs and segments, and competitive analysis.
    • Knowledgeable in current and possible future trends, policies, practices, innovations, and information affecting his / her business and organization.
    • Understands the global marketplace and can function globally and locally at the same time.
    • Is able to think strategically and tactically with a focus on business results.
    • Understand company and client financial metrics and performance and the impact business decisions have on the P L, Balance Sheet, and Cash Flow statements.
    • Understands and communicates the drivers of shareholder value and the key decisions that drive it in the short and long-term.
    • Is aware how strategies and tactics work in the marketplace and in regards to your company business.

    Ability to Lead Strategic Execution

    • Is able to develop and execute a competitive analysis and lead the changes that create differentiation and growth.
    • Is able to execute strategies through people by providing leadership, feedback, coaching, utilizing influence, managing conflict, and developing talent for long-term success.

    The Last Word: Overusing Business Acumen

    As with most competency models and discussions, sometimes they can be overused to the detriment of the individual and organization. With any acumen develop ment process, an individual or leader may overdevelop, or depend too heavily upon industry and business knowledge skills at the expense of personal, interpersonal, managerial, and leadership skills.

    Related blog posts that you may be intertested in:

    Business acumen



    FANGed: Why Murdoch may sell Fox

    Business investment

    When Rupert Murdoch unofficially hung the for sale sign on his empire’s prized assets this week, it was confirmation that the mogul had been “FANGed”.

    Business investment

    Western Australian power banker joins EY

    It has been a busy week for former Macquarie Capital senior banker and and now Reserve Bank of Australia board member Mark Barnaba.

    Business investment

    Saputo launches its charm offensive

    Lino Saputo, Jr the boss of Canada’s dairy giant Saputo Inc says he does not see any potential issues with the competition regulator.

    Business investment

    Low expectations about Canberra circus

    The boss of Harvey Norman says shoppers already have such low opinions of politicians that the citizenship crisis hasn’t knocked confidence levels.

    Business investment

    How Appleby’s Australian plan failed

    Why the law firm at the centre of the Paradise Papers leaks abandoned an attempt to set up a Sydney beachhead.

    Judge blasts ‘unethical’, ‘dishonest’ ANZ, NAB

    • James Frost

    A judge has blasted ANZ and NAB for gross departures from basic standards of commercial decency, for which the banks will pay $50 million ea.

    Double Irish schemes ‘unrealistic’, ATO warns

    • Neil Chenoweth

    The Tax Office has hit out at “ineffective and unrealistic” schemes being promoted to US companies identified in the Paradise Papers to set .

    Banks to launch mining-style ad campaign

    • James Eyers

    A new “banks belong to you” campaign will remind Australians that 80pc of bank profits are returned to them via dividends.

    Reynolds loses battle over unpaid settlement

    • Vesna Poljak
    • Patrick Commins

    The NSW Supreme Court recorded a judgment against David Reynolds and Attis Capital in a dispute brought by Faye Mary Parker, the mother of f.

    How ACCC’s NBN changes could really shake up telcos

    • Opinion
    • Peter Moon

    The ACCC’s NBN push should shake up a tightly controlled sector where wholesalers withhold crucial data from smaller service providers.

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    AHS is one of the best places to work in Canada

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    Opioid Crisis – Working together to respond

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    Catch a glimpse of the shadow of a soldier over your shoulder this Remembrance Day,

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    We know our people excel in their fields.

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    listing-home-news,News Release,News Release – Calgary Zone,News Release – Central Zone,News Release – Edmonton Zone,News Release – North Zone,News Release – South Zone | Make a pledge for Change Day Alberta

    Join the international movement to spark positive change for health

    listing-home-news,News Release,News Release – 1 RSS news item,News Release – Calgary Zone,News Release – Central Zone,News Release – Edmonton Zone,News Release – North Zone,News Release – South Zone | Alberta Health Services named one of Canada’s Top Employers

    EDMONTON – Alberta Health Services (AHS) has been recognized as one of the best places to work in Canada, a strong endorsement of the care provided to Albertans by our staff, physicians and volunteers every day.

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    listing-home-news,Feature Story,Feature Story – Central,Feature Story – Edmonton,Feature Story – Mazankowski,Feature Story – North | Quicker ticker surgery promotes swift recovery

    Racha Kamal, 27, was offered the opportunity to be the first patient at the Mazankowski Alberta Heart Institute to undergo a minimally invasive procedure to repair a hole in her heart.

    listing-home-news,News Release,News Release – 1 RSS news item,News Release – Calgary Zone,News Release – Central Zone,News Release – Edmonton Zone,News Release – North Zone,News Release – South Zone | First weekly data report posted for 2017-18 influenza season

    Alberta Health Services (AHS) today posted the first weekly data update for the 2017-18 influenza season online.

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    2014 Hype Cycle Special Report Evaluates the Maturity of More Than 2,000 Technologies

    2014 Marks 20th Anniversary of the Gartner Hype Cycle

    The journey to digital business is the key theme of Gartner, Inc.’s “Hype Cycle for Emerging Technologies, 2014.” As the Gartner Hype Cycle celebrates its 20th year, Gartner said that as enterprises set out on the journey to becoming digital businesses, identifying and employing the right technologies at the right time will be critical.

    Gartner’s 2014 Hype Cycle Special Report provides strategists and planners with an assessment of the maturity, business benefit and future direction of more than 2,000 technologies, grouped into 119 areas. New Hype Cycles this year include Digital Workplace, Connected Homes, Enterprise Mobile Security, 3D Printing and Smart Machines.

    The Hype Cycle for Emerging Technologies report is the longest-running annual Hype Cycle, providing a cross-industry perspective on the technologies and trends that business strategists, chief innovation officers, R D leaders, entrepreneurs, global market developers and emerging technology teams should consider in developing emerging-technology portfolios.

    “The Hype Cycle for Emerging Technologies is the broadest aggregate Gartner Hype Cycle, featuring technologies that are the focus of attention because of particularly high levels of hype, or those that Gartner believes have the potential for significant impact,” said Jackie Fenn, vice president and Gartner fellow. “Enterprises should use this Hype Cycle to identify which technologies are emerging and use the concept of digital business transformation to identify which business trends may result.”

    “The central theme for this year’s Emerging Technologies Hype Cycle is Digital Business (see Figure 1). As enterprises embark on the journey to becoming digital businesses, they will leverage technologies that today are considered to be “emerging,” said Hung LeHong, vice president and Gartner fellow. “Understanding where your enterprise is on this journey and where you need to go will not only determine the amount of change expected for your enterprise, but also map out which combination of technologies support your progression.”

    Figure 1. Hype Cycle for Emerging Technologies, 2014

    Business report

    Source: Gartner (August 2014)

    As set out on the Gartner road map to digital business, there are six progressive business era models that enterprises can identify with today and to which they can aspire in the future.

    Six Business Era Models in the Digital Business Development Path

    Stage 3: E-Business

    Stage 4: Digital Marketing

    Stage 5: Digital Business

    Stage 6: Autonomous

    Since the Hype Cycle for Emerging Technologies is purposely focused on more emerging technologies, it mostly supports the last three of these stages: Digital Marketing, Digital Business and Autonomous.

    • Digital Marketing (Stage 4): The Digital Marketing stage sees the emergence of the Nexus of Forces (mobile, social, cloud and information). Enterprises in this stage focus on new and more sophisticated ways to reach consumers, who are more willing to participate in marketing efforts to gain greater social connection, or product and service value. Buyers of products and services have more brand influence than previously, and they see their mobile devices and social networks as preferred gateways. Enterprises at this stage grapple with tapping into buyer influence to grow their business. The following technologies on the Hype Cycle represent the Digital Marketing stage:

    Software-Defined Anything; Volumetric and Holographic Displays; Neurobusiness; Data Science; Prescriptive Analytics; Complex Event Processing; Big Data; In-Memory DBMS; Content Analytics; Hybrid Cloud Computing; Gamification; Augmented Reality; Cloud Computing; NFC; Virtual Reality; Gesture Control; In-Memory Analytics; Activity Streams; Speech Recognition.

    • Digital Business (Stage 5): Digital Business is the first post-nexus stage on the road map and focuses on the convergence of people, business and things. The Internet of Things and the concept of blurring the physical and virtual worlds are strong concepts in this stage. Physical assets become digitalized and become equal actors in the business value chain alongside already-digital entities, such as systems and apps. 3D printing takes the digitalization of physical items further and provides opportunities for disruptive change in the supply chain and manufacturing. The ability to digitalize attributes of people (such as the health vital signs) is also part of this stage. Even currency (which is often thought of as digital already) can be transformed (for example, cryptocurrencies). Enterprises seeking to go past the Nexus of Forces technologies to become a digital business should look to these additional technologies:

    Bioacoustic Sensing; Digital Security; Smart Workspace; Connected Home; 3D Bioprinting Systems; Affective Computing; Speech-to-Speech Translation; Internet of Things; Cryptocurrencies; Wearable User Interfaces; Consumer 3D Printing; Machine-to-Machine Communication Services; Mobile Health Monitoring; Enterprise 3D Printing; 3D Scanners; Consumer Telematics.

    • Autonomous (Stage 6): Autonomous represents the final post-nexus stage. This stage is defined by an enterprise’s ability to leverage technologies that provide humanlike or human-replacing capabilities. Using autonomous vehicles to move people or products or using cognitive systems to write texts or answer customer questions are all examples that mark the Autonomous stage. Enterprises seeking to reach this stage to gain competitiveness should consider these technologies on the Hype Cycle:

    Virtual Personal Assistants; Human Augmentation; Brain-Computer Interface; Quantum Computing; Smart Robots; Biochips; Smart Advisors; Autonomous Vehicles; Natural-Language Question Answering.

    “Although we have categorized each of the technologies on the Hype Cycle into one of the digital business stages, enterprises should not limit themselves to these technology groupings,” said Mr. LeHong. “Many early adopters have embraced quite advanced technologies, such as autonomous vehicles or smart advisors, while they continue to improve nexus-related areas, such as mobile apps – so it’s important to look at the bigger picture.”

    Additional information is available in Gartner’s “Hype Cycle for Emerging Technologies, 2014” at http://www.gartner.com/document/2809728. The Special Report includes a video in which Betsy Burton, Gartner vice president and distinguished analyst, provides more details regarding this year’s Hype Cycles, as well as links to all of the Hype Cycle reports. The Special Report can be found at http://www.gartner.com/technology/research/hype-cycles/.

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    Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company. The company helps business leaders across all major functions in every industry and enterprise size with the objective insights they need to make the right decisions. Gartner’s comprehensive suite of services delivers strategic advice and proven best practices to help clients succeed in their mission-critical priorities. Gartner is headquartered in Stamford, Connecticut, U.S.A., and has more than 13,000 associates serving clients in 11,000 enterprises in 100 countries. For more information, visit www.gartner.com.

    Comments or opinions expressed on this blog are those of the individual contributors only, and do not necessarily represent the views of Gartner, Inc. or its management. Readers may copy and redistribute blog postings on other blogs, or otherwise for private, non-commercial or journalistic purposes. This content may not be used for any other purposes in any other formats or media. The content on this blog is provided on an “as-is” basis. Gartner shall not be liable for any damages whatsoever arising out of the content or use of this blog.

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  • FANGed: Why Murdoch may sell Fox

    Business services

    When Rupert Murdoch unofficially hung the for sale sign on his empire’s prized assets this week, it was confirmation that the mogul had been “FANGed”.

    Business services

    Western Australian power banker joins EY

    It has been a busy week for former Macquarie Capital senior banker and and now Reserve Bank of Australia board member Mark Barnaba.

    Business services

    Saputo launches its charm offensive

    Lino Saputo, Jr the boss of Canada’s dairy giant Saputo Inc says he does not see any potential issues with the competition regulator.

    Business services

    Low expectations about Canberra circus

    The boss of Harvey Norman says shoppers already have such low opinions of politicians that the citizenship crisis hasn’t knocked confidence levels.

    Business services

    How Appleby’s Australian plan failed

    Why the law firm at the centre of the Paradise Papers leaks abandoned an attempt to set up a Sydney beachhead.

    Judge blasts ‘unethical’, ‘dishonest’ ANZ, NAB

    • James Frost

    A judge has blasted ANZ and NAB for gross departures from basic standards of commercial decency, for which the banks will pay $50 million ea.

    Double Irish schemes ‘unrealistic’, ATO warns

    • Neil Chenoweth

    The Tax Office has hit out at “ineffective and unrealistic” schemes being promoted to US companies identified in the Paradise Papers to set .

    Banks to launch mining-style ad campaign

    • James Eyers

    A new “banks belong to you” campaign will remind Australians that 80pc of bank profits are returned to them via dividends.

    Reynolds loses battle over unpaid settlement

    • Vesna Poljak
    • Patrick Commins

    The NSW Supreme Court recorded a judgment against David Reynolds and Attis Capital in a dispute brought by Faye Mary Parker, the mother of f.

    How ACCC’s NBN changes could really shake up telcos

    • Opinion
    • Peter Moon

    The ACCC’s NBN push should shake up a tightly controlled sector where wholesalers withhold crucial data from smaller service providers.

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