Commercial Acumen

Students at a business planning session

Understanding how an organisation works, in order to recognise opportunities and make good decisions.

You can demonstrate this skill with evidence of:

market awareness

  • understanding the needs of individuals, business and the community in relation to a particular sector, or product

governance awareness

  • understanding how an organisation operates and how it is regulated

financial awareness

  • understanding how money and other assets are used to run an organisation and develop an idea

business planning

  • developing an idea through different stages to find out if it is commercially viable

 

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Opportunities to develop this skill

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