Introduction to Commercial Awareness - Newtown

Tuesday, November 7, 2023
9:30 AM 4:30 PM

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Target Audience:

This short course encourages you to look across your organisation, at your place within it and the value you create. It aims to help improve the performance of your organisation and the candidate by gaining a better understanding of commercial awareness and Identify how costs are incurred in your organisation and how these can be controlled. Explain how waste can increase costs and reduce value, identifying options for reducing waste and improving efficiency

Course Content
- Improve your ability to identify business opportunities
- Describe how the external environment impacts your organisation
- Analyse the internal business strengths and weaknesses
- Identify the external threats facing your organisation
- Understand the power and influence that stakeholders have on their business
- Carry out a stakeholder analysis activity that you can implement back at work
- Bring a commercial focus to relationships with external and internal customers
- Recognise that everyone in the organisation has a responsibility for creating its future
- Explain common commercial terminology
- Financial control in business
- Describe what being ‘commercially aware’ involves
- Identify how value is created in your work and organisation
- Identify how the external environment impacts your organisation
- Explore the importance of strategy and the commercial environment
- Identify how costs are incurred in your organisation and how these can be controlled
- Explain how waste can increase costs and reduce value, identifying options for reducing waste and improving efficiency
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