Understanding the trade-offs whilst making decisions around production, marketing, hiring, investment, pricing, sales mix and calculating the effects on profit margins and revenue.
Making and implementing decisions and assessing results within the broader business context in terms of cross-functional dependencies, allocation of limited resources, competitor activity and business performance
Identify and measure the drivers of business performance, market opportunities and implement market strategies
Prepare results on revenue and cost budgets, conduct variance analyses and develop strategies for managing budgets
Differentiate between types of costs according to behaviour (fixed and variable), allocate costs and conduct breakeven analysis
Analysing your company financial statements, and how decisions made by manager/leader impact these