When you are on the ‘same page’ as the business you will engender a deeper level of conversation, you will ask better questions, you will push back on the right issues and overall you will command the respect of your colleagues beyond your functional (task, project, product) brilliance.
You should know and be able to quickly articulate key business details such as:
Don’t settle with just understanding the ‘Marketing’, ‘Risk’, ‘Operations’...
Thought provocation and actionable insights.