Tag: commercial skills
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The positive impact experiential training can have on commercial skills in the manufacturing sector
The manufacturing sector is an industry that is wide and diverse, meaning that business standards, organisational values and cultural contexts are always changing. To keep up with industry and specific business developments, all company employees from the CEO to production workers need to possess the relevant commercial skills to ensure that workers have sufficient knowledge…
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What are the top 4 skills that retail banking companies should look for?
Workplace training is always essential to improve their skills and abilities and ensure that you’re offering your customers the optimum service and best representation of your business. Whether your candidates are graduates or have been in the banking sector for some time, it is important for employers in the banking sector to understand the skills which…
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How can your employees improve their commercial awareness every day?
Commercial awareness is a key skill that is highly sought after by employers. It revolves around the fundamental understanding of the company and relevant industry or sector from the employee. Employees should have an assured knowledge of the company they work for, including a broader knowledge about the industry that the company is situated in,…
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How can commercial skills training work to support graduates?
A recent survey revealed a clear divide between the skills that graduates consider to be essential to entrepreneurship and those which employers regard as valuable. Increasingly, business leaders are finding that their fresh-faced graduates are entering their respective industries without the essential commercial skills required to excel in their career and become an effective leader. As…
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Boosting the commercial skills capability of your workforce
Commercial skills have never been more in demand than now. Therefore, training should be conducted regularly in order to ensure employees possess relevant knowledge at all times. Human Resource is one of the most expensive and most valuable assets for any business and therefore ensuring that all of your employees have at least basic commercial…
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How can commercial skills support young professionals at your business?
Commercial skills encompass the ability to understand what attributes contribute to the success of an organisation or business. Commercial awareness allows your workforce to understand the ‘why’ behind the tasks they undertake and allow them to work towards the overarching business goals. In order to successfully develop future leaders and motivate the younger workforce, employers…
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The importance of commercial skills in management development
Commercial skills and awareness are often considered essential by employers but are not always a measurable skill. Commercial awareness is classed as the ability to develop an understanding of what makes organisations successful. This can include the process of buying or selling products or the supply of services to a specific market. How can you…
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The importance of commercial skills for businesses
It’s no secret that adequate commercial awareness is crucial for any business, particularly when it comes to those in senior management positions. Anyone in charge of making decisions that may in one way or another have an impact on the business, regarding growth, financially, or even operations, must possess a level of commercial skills suitable…
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How important is commercial awareness and commercial skills training?
Commercial skills can cover a range of expertise, from financial knowledge to interpersonal relationships, across a multitude of industries. Training within commercial awareness now focuses predominantly on improving what the individual can bring to the business and their overall understanding of their company’s presence in the marketplace. Companies should offer ongoing commercial skills training to…
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Retaining talented employees in the workplace during times of change
It is no secret that hiring someone new costs more than retaining current staff. For example, The Harvard Business Review estimated that 80% of turnover loss is a result of poor recruitment. Additionally, with so much going on such as the General Election and Brexit; it can make for uncertain financial times within any organisation.…