What do skills in a business context generally refer to?

Skills in a business context encompass the application of knowledge through practical experience and behaviors. This means that individuals take the theoretical understanding they have acquired and utilize it in real-world situations, demonstrating their ability to perform tasks effectively. Such skills can include problem-solving, effective communication, teamwork, and the ability to analyze and interpret data.

While knowledge about financials, social connections, or creative thinking are certainly valuable in the business realm, they fall more into categories of knowledge, networking, and cognitive capabilities rather than the application of learned skills. Skills are fundamentally about the "doing" aspect, which stems from the combination of knowledge and practice in various business scenarios. This application is what allows individuals to effectively navigate challenges and contribute to organizational success.