Competency Details ( Business Acumen )

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Competencies

Jadarat Dictionary

Business Acumen

Efficiency Technical Competency

Demonstrates a strong business focus and understanding of the organization’s financial goals and business conditions Understands the organization’s overall financial performance, current business challenges and the external factors impacting the business including the local practice, and the local and international economy.

Jadarat Code: T07

Level 1

Demonstrates basic knowledge and understanding of the organizational financial goals and objectives, and how the organization conducts business and makes money. Shows basic awareness of the events within the organization, in relation to the industry and the global economy, and how they impact its business performance .

Level 2

Acts in accordance with the established business goals and applies own specialised knowledge of how the organization makes money, and the general industry trends and issues that affect its overall financial performance. Identifies the forces shaping the global economy and how they might impact the organization's business and financial performance.

Level 3

Develops and shares work plans across the teams or projects, in accordance with the set business goals and business conditions. Identifies and interprets the emerging industry and market trends and issues, as well as the global economy, and deeply understands their impact on the business and financial performance.

Level 4

Applies full knowledge and professional experience to provide guidance to the departments/teams on how industry changes as well as the international economy could impact the business and financial performance. Provides expertise in various business issues, such as the business model, operations, and financial metrics.

Level 5

Demonstrates subject matter expertise to recommend critical business decisions regarding the business model, operations, and the financial metrics to be adopted and implemented in the organisation. Guides and supports the organization through the industry and global economy changes to sustain its financial performance.