Skip to Content

3.9 Business Fundamentals

Using information on basic business principles, trends, and economics.

  • 3.9.1 Organizational context
    • Understand the mission, structure, and functions of the organization.
    • Recognize one's role in the functioning of the organization and understand the potential impact one's own performance can have on the success of the organization.
    • Grasp the potential impact of the company’s well-being on employees.
    • Understand relevant legal and regulatory requirements of the operation.
  • 3.9.2 Integrity in business
    • Act in the best interest of the organization, the community, and the environment.
    • Comply with applicable laws and rules governing work and report loss, waste, or theft of company property to appropriate personnel.
  • 3.9.3 Market knowledge
    • Understand market trends in the industry and stay current on organizational strategies to maintain competitiveness.
    • Recognize major challenges faced by the organization and industry and key strategies to address challenges.