Business Acumen, Where To Get It?
Recent research suggests the reasons behind inequalities widening between rich and poor, between growing inequalities within countries of an ‘inequality gap’ that is widening. According to a 1991 study a key contributing factor has been development of organisation culture and management as a tool and method of business. This links directly to the of work of Taylor in his The Scientific Method of the 1920s on work rationalisation and efficiency thinking .
An Economist article recently published called ‘Revisitng Ricardo’ suggested the reasons for this disparity lay in education. It seems better educated and higher skilled individuals who develop business acumen skills create networks with individuals and organisations in advancing economies that help them move to higher standards of living. On the other hand the uneducated and unskilled who are unable to do this, get even further behind and even lose access to their previous connections to wealthier individuals.