( Log Out /  However, it isn’t quite as simple as that.

demonstrated a type of commercial awareness by discussing the pros and cons in In the world of business today, commercial awareness is important. It shows your commitment to the job you are applying for, improves your knowledge of a particular company or industry and may help you identify other roles in that organisation (or similar ones) that you might not have previously considered. In the world of business today, commercial awareness is important. base and is an all round champ). There are several ways you can get ready for these questions: set up google alerts for the company and the industry as a whole, and don’t forget to look on the company’s website for any news articles to see what they are sharing - this is what the company wants you to see. Your interviewers won’t expect you to know everything about the business world, their industry and their business, so have a couple of questions prepared to ask them, or use this opportunity to follow up on anything that was mentioned in the interview that you’d like to find out more about. “Workers who lose their jobs are paying the greatest price in an economy shaped by the virus. It will also demonstrate a passion for the business that can be fed back through employers – especially if recruiters ask for their opinions afterwards.

Consequently, recruiters will be paying close attention to the candidates’ commercial awareness during the interview, assessment centre and the initial written application. Group exercises come in a range of styles, and if you’re looking for advice on these in general - we’d recommend you check out our Bright Network Academy module on assessment centres. From our experience, demonstrating commercial awareness is a skill that many graduates need to develop. long winded, bullshit answers. Even professionals working in nonprofit organisations or government will benefit from building it – in fact, commercial awareness can be a key personal advantage if you want to get ahead in these sectors.

Of course, at your job interview you won’t be expected to know all the fine details within a company, but you will be perceived as having a greater potential value to the company if you have an understanding of the business world they operate in and the kind of deals that they are undertaking.

Read the news on the day of your assessment – know the headlines, Check what the firm has shared on that day and the week leading up to the assessment, Understand a couple of new articles in depth, specifically how they affect the industry/company you’re applying to. The Cambridge business English dictionary defines commercial awareness as, “the knowledge of how businesses make money, what customers want, and what problems there are in a particular area of business.” Simply put, you need to be aware of the marketplace in which the company operates and the commercial realities from both the companies’ and customer’s perspective.

Tell me I am wrong, tell me

Commercial awareness can also improve your performance in your current role.

You must thoroughly understand the objectives of the business and the customers that they depend on. you had to advise Jerry whether he should continue as a sole trader or go into Commercial awareness has become something of a buzzword in the legal sphere. answering business questions in an interview, 5 tips on how to research for a job interview, Your Career and Personal Development Choices. If you can identify the key issues and problems that need to be considered, this demonstrates that you are able to think on your feet and shows your commitment to the job you are applying for. As Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. The emphasis here is how you can create positive impacts to the bottom line. This shouldn’t induce panic and palpitations! really want interaction, that's the main thing.

I This is a great opportunity to really impress. Many tools and resources are available to help you uncover this insightful information. This is your chance to show that you can provide solutions, and is a great opportunity to ask questions about the job to your interviewers. Commercial awareness is a way of thinking. ( Log Out /  Each assessment centre is different, but all will have some form of interview as part of the day. partnership with Tom.

It does, however, take hard work and dedication to become good at it.

think the majority of us with good law degrees have demonstrated commercial ( Log Out /  Post was not sent - check your email addresses! Annie McAnulty, Expert Advice on Firm Passion and Motivation, Expert Advice on Acing an Assessment Centre, Structuring Application & Interview Answers, A Guide to E-tray / Email Simulation Exercises, Tell me about a story in the news that may affect our industry.
How will tech advancements change the industry in the next ten years? This is what makes being commercially aware an July 16, 2014 by OnBrand Group Leave a comment. If you can be sure that your experience, knowledge and industry awareness can provide a financial asset to the employer it will be easier for the decision maker to decide whether you are the right person for the job. Demonstrating your commercial awareness at assessment. It’s vital that you can demonstrate your commercial awareness when applying for jobs. awareness without even knowing it. that makes it impossible to comprehend that other career paths actually exist). Sorry, your blog cannot share posts by email. For example you had an exam question where

The most talented employees will be able to display commercial awareness in the workplace, as long as leaders give them the opportunity to do so. When you understand the industry that you work in, and know how your role helps your organisation compete, you make better decisions, manage risks more effectively,  and you’re more capable of meeting your clients’ needs. It should be noted that commercial knowledge isn’t the same as general knowledge i.e.

Change ). Both these approaches seemed to generate If you are attending an interview with a market-leading company one aspect your interviewers will be looking for is your commercial awareness and how aware you are of developments in your particular sector.

commercial landscape that means being 'commercially aware' will come naturally. ‘Tis the season, but jobs are still out there! It is essential to demonstrate commercial awareness in any application process, especially when meeting your future employers face-to-face. 'answer' that can be put succinctly in to a sentence, becoming commercially You might even learn something new even if you don’t get a job offer. If you are attending an interview with a market-leading company one aspect your interviewers will be looking for is your commercial awareness and how aware you are of developments in your particular sector. Why is having commercial awareness important? If you can show that you can learn quickly and spot areas that can be improved or solve problems with enthusiasm you can differentiate yourself from other candidates. You can demonstrate it! So What are the key challenges we face as a company and are there any new opportunities?

asked people at assessment centres.
demonstrating commercial awareness 'Commercial awareness' seems to strike fear into all those looking for training contracts (and beyond I am sure, it's just that those of us in pursuit of tcs have a tunnel vision that makes it impossible to comprehend that other career paths actually exist).

FLEXIBLE, £COMPETITIVE + CAR/ALLOWANCE + BONUS + BENEFITS: Creative Foods Europe c/o Fidelis Partners: SENIOR NATIONAL ACCOUNT MANAGER | PUB RESTAURANTS | FOOD SOLUTIONS | HOMEBASED | £COMPETITIVE + CAR/ALLOWANCE + BONUS + BENEFITS | Homeworking. It’s very easy to find out what companies are up to these days by researching online, but you will need to understand the wider picture of what’s happening within the industry.

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