As an L&D professional, what do you believe the business expects you to know about, or be skilled in, in relation to business acumen/commercial awareness?
I'm thinking subjects such as managing budgets; corp strategy; finance for non-financial managers etc.
As an L&D professional, what do you believe the business expects you to know about, or be skilled in, in relation to business acumen/commercial awareness?
I'm thinking subjects such as managing budgets; corp strategy; finance for non-financial managers etc.
2 Responses
Commercial Awareness
I think employers expect people to make informed decisions based on data and evidence, and look for opportunities to get a good deal wherever possible, ability to manage the budgets effectively and understand value for money concept. This is a fancy way of saying businesses really want people with common sense – who will not waste the resources and care about the profit.
Hope this helps
Basic Business Understanding
I think that core skills for all business people are an understanding of finance and the marketing (commercial) impact of what they do.