Commercial Acumen

Recognising, utilising and creating opportunities to contribute to achieving organisational goals.

Staying up to date on happenings and developments in the business and commercial world.

You can demonstrate this skill with evidence of:

market awareness:
- understand and meet the needs of individuals, business and the community
governance awareness:
- understand how workplaces and organisations are governed formally and informally
financial awareness:
- understand the role of money and other assets in the functioning and development of an idea or organisation
business planning:
- identify, implement and monitor the stages of the development of an idea
organisational knowledge:
- demonstrate an awareness of a chosen or employer, its main business areas and specialities, its competitors, financial position, customers and clients