Which area emphasizes influencing both strategies and culture within a business?

The area that emphasizes influencing both strategies and culture within a business is business acumen. This concept refers to the understanding and interpretation of how a business operates, including its financial aspects, market positioning, and strategic direction. A person with strong business acumen can make informed decisions that align with the company’s goals and cultural values.

This understanding allows them to effectively navigate the complexities of the organization's environment, leading to strategies that are not only financially sound but also culturally appropriate. By recognizing the interplay between strategy and culture, individuals can help drive change and foster an environment that supports the overall vision of the organization.

In contrast, while technical competence focuses on specific skill sets related to technology or tools, and portfolio management deals with managing a collection of projects or products to optimize performance and value, they do not inherently address the broader strategic and cultural elements of the business. Organizational development, although related to improving the organization’s overall health and effectiveness, primarily emphasizes processes and systems rather than the dual influence on strategy and culture that business acumen encompasses.