9.โ€ฏImprove your business acumen

Simply put, business acumen is understanding how your company makes money and achieves its goals and objectives. However,โ€ฏit is fundamental to be aware of how external factors within your industry can alsoโ€ฏhave an effect onโ€ฏyour company and its mission.โ€ฏ

Thereโ€ฏareโ€ฏseveralโ€ฏways you can build and demonstrate this skill:โ€ฏ

  1. Know yourโ€ฏcompany's vision andโ€ฏhow your roleโ€ฏwill feed into reaching this goal.โ€ฏโ€ฏ

  2. Have anโ€ฏawareness of the stocks andโ€ฏshares of yourโ€ฏcompanyโ€ฏand theirโ€ฏcompetitors.

  3. Aโ€ฏcore understandingโ€ฏof yourโ€ฏbusiness functions i.e.โ€ฏsales, marketing, operations, logistics, HR, Financeโ€ฏ

  4. Identify issues within the sector, could these have an impact on yourโ€ฏcompanyโ€ฏand can you help them overcome these issues?โ€ฏ

Publications such as The Engineer, Professional Engineering Magazine (imeche) and CIN Magazine can be used to help you build your awareness of any external factors that could impact the industrial and engineering sector and your company.โ€ฏ

Advice from LVI Associates:

Ourโ€ฏrecruiters areโ€ฏoftenโ€ฏsharing a lot of market update and insights on their social media platforms, orโ€ฏyou canโ€ฏtalk toโ€ฏone of our consultantsโ€ฏwho canโ€ฏshareโ€ฏupdatesโ€ฏwith youโ€ฏdirectly.

  • 12 Days of Career Advice

Day 1: Build a Network
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Day 2: Attend Industry Events
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Day 3: Build on your empathy skills
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Day 4: Build your personal brandโ€ฏwithin your company
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Day 5: Go the extra mileโ€‹
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Day 6: Develop your soft skills
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Day 7: Work on your public speaking and presentation skills
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Day 8: Upskill yourself
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Day 9: Improve your business acumen
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Day 10: Leverage social media
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Day: 11: Update your LinkedIn profile
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Day 12: Size matters? Our CV tips