Category: Commercial decisions
-
Why Commercial Awareness is Crucial for Employees in the Business World?
Did you know that a recent survey found that 71% of employers believe that commercial awareness is one of the most important skills for their employees to possess? With the fast-paced nature of the business world, employees who have a deep understanding of the industry, market trends, and financial performance are highly sought after. This…
-
Commercial awareness: what is it, and why do graduates need it?
Commercial awareness is a core skill, which is highly sought-after by potential employers. Consisting of an individual’s accumulated knowledge of the business world, and paired with a critical understanding of how organisations function, being able to demonstrate a good level of commercial awareness can help secure employability, while also being a contributing factor in the…
-
What is commercial acumen and why is it important?
Commercial acumen is a phrase that dominates the workplace as employers look to improve their operations at all levels. While it is an incredibly important skill for employees to possess, it can be difficult to teach, measure and sustain in the workplace, as both internal and external factors can directly impact what commercial acumen means…
-
Why leadership development is still so important for businesses
We have regularly discussed the importance of leadership within any business during the ongoing COVID-19 crisis, and how it can prove to be the difference between success and failure on an organisational scale. Now that the pandemic has been ongoing for several months, and the majority of businesses; from SMEs to established multinational corporations (that…
-
Preparing for the future of business management in insurance
The insurance industry is facing mounting pressures to change policies, review premiums and address the coronavirus (COVID-19) pandemic head-on in terms of financial backing. In light of the extensive support laid out by the UK Government, including various loans and the increasingly popular Job Retention Scheme, many have called on the insurance industry as a…
-
COVID-19 Recession: The importance of adopting an agile mindset
In the last week, the Chancellor Rishi Sunak has all but confirmed the fears of businesses and SMEs across the UK by warning that the UK faces a ‘significant recession’ as a result of the coronavirus outbreak. The recent figures state that the UK’s economy has shrunk by 2% in Q1, and GDP was down…
-
Why you shouldn’t press pause on learning and development during COVID-19
As we continue to live in a world where businesses are in disarray, public spaces are closed, and most of us spend the majority of their time indoors, there is no doubting the fact that corporate sectors are facing their biggest crisis in years. Financially, this has led to culls in budgets across businesses of…
-
Our SME Survival Tips
During this extended period of business disruption and widespread lockdown, we have been working to utilise our extensive knowledge of business operations to provide tips, advice and guidance on everything related to the COVID-19 pandemic. In particular, Bill Liddell, one of our Directors, has been focusing on the financial impact that this pandemic is undoubtedly…
-
The importance of digital learning for remote workers
In a world where setting up your laptop in the kitchen, lounge or spare bedroom to work has recently become the norm; many employees can be forgiven for shifting their immediate focus to getting used to their new professional surroundings. In recent weeks, following the coronavirus outbreak, we have been providing regular updates on how…
-
Inspiring the remote workforce from the top down
There has been much discussion from a professional development and business continuity perspective about what employees need to do in order to acclimatise to their new environment when working from home. While this is important, those at the top of the hierarchy also have a responsibility to support and nurture their talent during this time.…