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Commercial awareness in an understanding of pressing business forces such as revenue, competition, risks and regulations. It is considered an important skill for working well with counterparts throughout a business. For example, an IT manager may be more successful dealing with sales if they have a solid grasp of the urgent need to close deals. Commercial awareness also allows employees to make local decisions that are good for the organization as a whole. For example, a stock trader with a solid grasp of risk and compliance pressures may make better trades for a firm.
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Type | Soft Skill | Definition | An understanding of the pressing business forces that shape an organization. | Value | Influencing across organizational boundaries.
Making local decisions that benefit an organization as a whole. | Related Concepts | Business Acumen |
Soft Skills
This is the complete list of articles we have written about soft skills.
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