Business Acumen in every business is important as there is a need for leaders at all levels who are able to hold the different strings together and make decisions for the benefit of the whole organisation.
These people are often referred as having strong business acumen. It is not a single skill, but a wide complex of competencies, knowledge, and awareness of multiple aspects of a business.
Many people think that business acumen is an intuitive ability. And they are correct to some extent. Some business acumen skills are intuitive and given by nature but all of them can be learned and can be developed.