A1 BUSINESS ACUMEN

Attributes

Contract literacy • Financial literacy • Risk mindset • Supplier market understanding • Tenacity • Decisive and clear thinking • Political insight •  Relationships and stakeholder management

 

Foundation

Practitioner

Expert

Highlights risks, documenting findings and working collaboratively to feed into decisions on risk management approach.

Assesses risks, documenting findings and working collaboratively to agree and implement risk management approach.

Analyses risks and margins of error to make effective decisions on risk management strategies. Manages trade¬offs and takes calculated risks to achieve organisational objectives, taking account of possible changes in the external environment over the contract term.

Works with complex evidence and data to recognise trends.

Assesses a wide range of complex evidence and data to identify trends; evaluates costs, benefits, risks and potential responses.

Reviews and presents conclusions from a wide range of complex evidence and data; identifies and resolves problems, making decisions when data is not sufficient; assesses the robustness of these conclusions against plausible scenarios.

Communicates with a range of colleagues to understand risks and opportunities.

Communicates and works collaboratively with stakeholders to identify risks and opportunities, contributing to recommendations.

Forms a cross-functional network; recognises when to involve the right stakeholders and uses their knowledge to make recommendations and decisions on risks and opportunities.

Builds market and financial awareness and understanding of stakeholder requirements.

Supports the achievement of value for money, developing market knowledge, financial awareness and understanding of stakeholder requirements.

Leads on applying the concept of value for money, using market insight and financial awareness to advise on successful return on investment for contracts.

Understands and articulates commercial motivations of suppliers.

Articulates and accounts for commercial motivations and expected behaviours of suppliers.

Develops strategies which map onto changing operational objectives and account for market drivers and commercial motivations, including possible changes in market dynamics.

Seeks specialist advice to inform decisions and approach; supports in the application of the agreed solution.

Seeks specialist advice to inform decisions and approach; applies the agreed solution, sharing insight with colleagues.

Advises teams on when to seek specialist advice to inform decisions and approach; collaborates across contracts to identify and share solutions.