It means you should make commercially sound decision when resolving issues or exploiting opportunities.
To demonstrate this skill you should have knowledge of external environment in which organisation operates.
Commercial acumen is nothing but a common business sense. It depends on how good you understand a Business/ Industry/ Supply chain etc.
It means you should make commercially sound decision when resolving issues or exploiting opportunities.
To demonstrate this skill you should have knowledge of external environment in which organisation operates.
Commercial acumen is nothing but a common business sense. It depends on how good you understand a Business/ Industry/ Supply chain etc.
Even auditors need good commercial acumen.
But the part of commercial acumen is not the thing which you can find in a book you can develop that skill by reading the business magazines or being continuously updated with latest news or trends
1) While exploiting the opportunity regarding franchising model for any company, the most important point can make for discussion is the sharing of returns among the parties.
2) If in the question, they asked you to suggest business model for Burger Company then one of the options should be an online order home delivery.
3) Here if you suggest old fashioned options of physical store and billing counter then it’s not going to give benefit to company in long run.
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