The phrase
"business understanding" refers to having knowledge and comprehension of how a particular company or industry operates, including its goals, processes, and challenges. It involves being familiar with how different aspects of the business work together to achieve success.
Full definition
He preferred to invest
in businesses he understood, and, in the same vein, he avoided new industries he knew little about and foreign stocks as well.
It includes clear and consistent pricing metrics, metric calculations, and metric explanations to help
small businesses understand and assess the costs of their small business finance options.
Those of us who come from the world of
business understand what is at risk if we do not dramatically improve our public schools.
The water footprint is designed to help consumers and
businesses understand just how much water is required to make products like a cotton T - shirt or a can of corn.
You want to do the right thing because it's the right thing, but I think
if businesses understand that it's also the smart thing for them, they will do it.
People who build billion
dollar businesses understand the difference between interest and commitment when it comes to achieving their goals.
Leading expert in helping
small businesses understand and monitor their business credit profiles and those of their partners and competitors.
As long
as businesses understand what they have to gain, and lose, from each strategy, they'll be well prepared to make an informed decision on whether to adopt a narrow focus or a far reaching plan.
Two other types of
business understanding which were highlighted were firstly a solid grasp of the operational or technical detail about what the organisation does (this will be important for commercial contracts and litigation)-- this is the classic «the devil is in the detail».
Transformed businesses understand engagement is a pre-cursor to selling, of course, but is a long - term opportunity for two - way conversations that can help ensure loyalty down the road.»
Facebook announced Wednesday a series of webinars designed to help small and
mid-sized businesses understand and use the new Facebook product offerings, such as Timeline, Offers, Sponsored Stories, and real - time Page Insights.
Successful
SaaS businesses understand and calculate MRR Churn properly and ultimately use that information to reduce churn and increase their revenue.
«A lot of the advances in the coming year or two are partially going to be on the product improving side, and partially on helping
larger businesses understand and see with their own eyes how much utilizing coworking can help them achieve talent management, acquisition, and retention.»
Smart coffee and
tea businesses understand that cybersecurity is both an operational threat and a long - term strategic business risk.
«They don'tpass themselves off as supersophisticated, though they've got a
prettysophisticated business understanding of most things,» says Stern, who hasknown Joe and Gavin for half their lives, dating back to the Maloof family «sownership of the Houston Rockets.
What's more, the current competition for jobs means graduates have to stand out even more than usual, so
extra business understanding, not to mention the contacts provided by a work placement, are all key advantages for you.
PowerPoints include: Understanding the nature and purpose of
business Understanding different business forms Understanding that businesses operate within an external environment Each presentation contains extensive, detailed notes that are specific to the exam requirements of the AQA.
Most
astute businesses understand the tradeoff between risk and reward and they take on higher risk if they have the potential to earn more money.
Ray started using Pet Store Pro when it first came out, not only at his previous store, but also to help personnel at his
distribution business understand their retailers» perspective.
Liz Walker, general counsel, BT Global Services, explains the role of the GC is to help
business understand risk, and what risk the business is prepared to take, and help them to do so.
He is involved in several public / private sector collaborations to build awareness and
advance business understanding of converging technologies such as Digital Identity Management, Crypto Currencies, Token Generated Events / Initial Coin Offerings, Mobile Communications, FinTech, AI, RoboAdvisers, Cybersecurity, IoT, Machine - to - Machine Learning, Big Data and Predictive Analytics.
(You can see resume samples here), but also stress that you offer a
broader business understanding that informs your design work, and the way you work with clients.