Updating The Business Acument List

Lisa over at Management Craft is looking to update the list of areas that managers get trained in: The New Business Acumen?. If you compare the old list to the new, you will see that times, they are a changing:

Knowledge Areas that Make Up Business Acumen (Old):

• Finance/P&L
• Accounting
• Marketing
• Sales
• Strategy and Planning
• Decision Making
• HR/People Matters
• Operations/Throughput/Efficiencies

Knowledge Areas that Make Up Business Acumen (New):

• ALL the areas above PLUS:
• Complexity/Simplicity (how to manage in a more complex world and de-hassle
  the org)
• Online EVERYTHING (how to work and communicate online)
• 24/7/365 (how to deal with our always on world)
• Outsourcing, In-sourcing, Intra-outsourcing (how to source work)
• International/Virtual/Free agent teams
• Ubiquity/Experts aren’t (that our competitive advantage is no longer
  expertise, because anyone can find the knowledge quickly)
• Four generations in the workplace

I like the new list - it includes all the items from the old as well as all the new areas we are struggling to contend with. Are managers being asked to take on more in the digital age? Everything IS online. We are a 24/7/365 society - we're plugged in, tweeting, texting, emailing - social media is here to stay! Suddenly the word "viral" is a good thing, anyone can search for a piece of knowledge, and we have a multi-generational work force with unique challenges like none seen before. I am sure managers at all levels are overloaded, but what do you think about the redefined list of business acumen? I'm curious to see what items other folks might add. Take a look at Lisa's post and join in on the discussion!