Business knowledge

Description

A firm’s functions, the processes and tasks which are employed to accomplish those functions and the relationship of those functions, processes and tasks to each of the functions, processes and tasks performed throughout the firm.

Alternative labels

business economics
range of business knowledge
enterprise economics
principles of business economics
economics of business
principles of business
principles of business and enterprise
knowledge of business

Skill type

knowledge

Skill reusability level

sector-specific

Relationships with occupations

Essential knowledge

Business knowledge is an essential knowledge of the following occupations:

Quality services manager: Quality services managers manage the quality of services in business organisations. They ensure the quality of in-house company operations such as customer requirements and service quality standards. Quality services managers monitor the company’s performance and implement changes where necessary.
Funeral services director: Funeral services directors coordinate the logistics of funerals. They support the deceased family by arranging the details concerning the location, dates and times of memorial services. Funeral services directors contact representatives of the cemetery to prepare the site, plan transportation for the deceased person, advise on the types of memorials and legal requirements or paperwork.

Funeral services directors organise the daily operations of the crematorium. They oversee the staff’s activities in the crematorium and ensure that they deliver services according to legal requirements. They monitor the crematorium service revenue budget and develop and maintain operational rules within the crematorium.

Optional knowledge

Business knowledge is optional for these occupations. This means knowing this knowledge may be an asset for career advancement if you are in one of these occupations.

Business coach: Business coaches guide employees of a company or other institution in order to improve their personal effectiveness, increase their job satisfaction, and positively impact their career development in the business setting. They do this by leading the coachee (the person who is being coached) to resolution of their challenges by their own means. Business coaches aim to address specific tasks or reach specific goals, as opposed to overall development.
Fire commissioner: Fire commissioners oversee the activity of the fire department making sure the services supplied are effective and the necessary equipment is provided. They develop and manage the business policies ensuring the legislation in the field is followed. Fire commissioners perform safety inspections and promotes fire prevention education.

 


 

References

  1. Business knowledge – ESCO

 

Last updated on September 20, 2022

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