As a business leader, you understand the importance of making informed decisions that drive growth, mitigate risks, and create value for your organisation. However, in today's dynamic business landscape, it's essential to ensure that your entire team possesses the commercial awareness necessary to contribute effectively to your company's success.
Commercial awareness is not just for those in traditional commercial roles such as sales, procurement, or contracts management. It's a critical skill set that benefits professionals across all disciplines, including project management, engineering, HSEQ, finance, HR, and more. Empowering your teams with commercial awareness can foster a culture of value creation and risk management at all levels of your organisation.
As your business evolves, you may find yourself navigating unfamiliar markets, facing contractual challenges, or requiring more defined processes and procedures. In such situations, well-intended decisions made by people could inadvertently expose your company to commercial or legal risks. By providing your team with the skills to effectively negotiate and manage contracts, assess commercial aspects of the business, and make informed decisions, you can mitigate these risks and ensure that your company remains on the path to success.
One effective way to develop commercial awareness within your organisation is through in-house training workshops. They provide a safe and confidential environment where your team can learn and apply commercial principles using company-specific examples. By tailoring the content to your business, you can maximise the outcomes and benefits of the training, ensuring that your team gains the skills and knowledge most relevant to your organisation.
Alternatively, you may consider sending your team members to public workshops where they can learn alongside professionals from other companies and sectors. This approach offers the added benefit of exposing your team to diverse perspectives and experiences, facilitating knowledge sharing and networking opportunities.
Investing in commercial awareness training is not just about improving individual performance; it's about driving the overall success of your business to improve efficiency, boost revenue, and position your company for long-term growth.
Don't let a lack of commercial awareness hold your business back. Take action today and explore the transformative power of in-house or public commercial awareness training. Your team, your customers, and your company's future will thank you for it.
For more information, please visit the Paratus Commercial Services Ltd website at www.paratuscommercial.com
Our next public workshop is running on Thursday, May 2 at Newmachar Golf Club. Please follow this link to book a place. If you are an AGCC member, you can use promo code AGCC20 to receive a 20% discount
https://www.eventbrite.co.uk/e/873910438647?aff=oddtdtcreator