Commercial acumen is the ability to make great business decisions under pressure, with imperfect information in dynamic or uncertain situations. But how do you define a great decision? How much information is enough? What should be considered, and how quickly do you need to make the decision?
It depends.
Outside of academia there isn’t a single magic formula. Commercial acumen in the real world is developing the know-how, and know-why ingredients for business. These can then be applied, in context, to your own unique situation. Delivering exceptional results through insight and collaboration and making great decisions on a consistent basis.