Meaning of "recognise" in : We also recognise the need to learn about business concepts

Solution 1:

The Cambridge English Dictionary's definition

(ACCEPT) ​ B2 [ T ] to accept that something is legal, true, or important:

will explain the usage, except for how recognise came to mean that.

When recognise came into English it eventually displaced the word aknow:

admit or show one's knowledge

Why that happened probably cannot be explained, as recognise

"resume possession of land,"

as it originally came into English barely touched on the idea of admitting something.
Why aknow went away, or the current acknowledge isn't used to the exclusion of recognise (admit, accept) may well remain a mystery.

We also acknowledge the need to learn about business concepts, developments in business and how business works in different cultures

seems perfectly adequate , with no need for a word so heavily burdened as recognise.