The trend in selecting candidates has undergone a revolution over the past decade. If there was an emphasis on extensive knowledge and recommendations in the past, the modern trend is towards computer knowledge only. This is true for all fields.
Use the business acumen test
For those companies choosing the candidates for handling the business section of their business, the candidates need to have knowledge of the business dealings. They are put to the business aptitude test that tests their skill in making business deals. The definition of business acumen or aptitude is brought out by the following.
Breadth of understanding
Business knowledge involves the pricing policies, the way the market moves each day, the government policies for commodities and trading, and more. Learning about these things will help the business people make the right decision. Obviously, there is a lot to learn and it will take time. But, the companies are more interested in those who have completed learning of everything there is in business. The truly skilled business person will have complete understanding of the methodologies and tactics used in business.
Skills in transacting
The method of applying the tactics and making a profit is important. The customers need a smooth and uniform policy in place to develop confidence in the brand that you market. For this, the business person must have excellent communication skills. The screening tests will tell you whether the person has enough acumen in this respect.
Deep knowledge of the products brought out by the company will help the candidate develop more skill in both speaking and transacting business with the customer. This skill grows with time but you can see it in the answers the candidate gives in reply to the business acumen test.
Method of increasing and use of business aptitude
One may develop business acumen by listening and reading about the way the business is run and the management techniques used. They must become familiar with the financial aspects of trading. Only those who have a keen sense of commitment to the business will understand what the right thing to do is. This is brought out by the test that is designed by the software companies. You can get your team of good business-savvy people by using the tests.
Business aptitude is useful for closing a deal. This is the edge that the savvy business person has and it helps to make profits. One must develop this when one joins a company. But, they must have the innate spirit of making deals and looking for a profit in every transaction. This is what distinguishes the smart businessman from the others.
Use of the test for companies
If the companies spend a little money on testing the candidates, they will be sure that they do not go wrong. They will not waste money on a mis-hire but rather have a team full of strong people with good business acumen.
Use of the screening tests helps firms break the tediousness of endless interviews. They can bring the number of qualifying candidates down to a mere 200 from 1500 applicants. This helps them conduct the final interview in one day. Since there are fewer candidates, they will not have any problem in finding a venue.