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Business Fundamentals

Knowledge of basic business principles, trends, and economics.

  • Economic/Business/Financial Principles
    • Basic understanding of markets, economic terminology, and business principles
  • Economic System as a Framework for Decision-making
    • Quantify the costs and benefits of an information technology solution for a given organization
    • Assess patterns of technologies by examining their effects on parts of an organization, as well as the effects on the organization's interactions with customers, suppliers, distributors, and workers
    • Explain the relationship between individual performance and the success of the organization
  • Business Ethics – Act in the best interests of the company, your co-workers, your community, other stakeholders, and the environment
    • Legal/Financial
      • Comply with the letter and spirit of applicable laws
      • Use company property legitimately, minimizing loss and waste; report loss, waste, or theft of company property to appropriate personnel
      • Maintain privacy and confidentiality of company information, as well as that of customers and co-workers
      • Comply with intellectual property laws
      • Protect trade secrets
    • Environmental/Health/Safety
      • Hold paramount the safety, health, and welfare of the public
      • Maintain a healthful and safe environment and report any violations/discrepancies
      • Ensure equipment and systems are designed to be environmentally friendly and strive to continually minimize the resulting carbon footprint
    • Social
      • Emphasize quality, customer satisfaction, and fair pricing
      • Deal with customers in good faith; no bribes, kickbacks, or excessive hospitality
      • Recognize and resist temptations to compete unfairly
  • Marketing
    • Demonstrate an understanding of market trends, company's position in the market place, and defined market segments
    • Understand position of product/service in relation to market demand
    • Uphold the company and product brand through building and maintaining customer relations
    • Integrate internal and external customer demands and needs into the product
  • Entrepreneurship
    • Demonstrate skills in leadership and team building, including enlisting others to work toward a shared vision
    • Discuss strategies for managing growth, including using replicable processes to create enterprises that are sustainable
  • Geospatial Business Fundamentals
    • Demonstrate awareness of the various professions, agencies and firms that comprise the geospatial technology industry
    • Understand the respective roles of the private sector, universities, non-profit organizations, and government agencies in the geospatial market
    • Make a business case for a given organization’s investment in geospatial technology, including value added and risks minimized
    • Recognize ethical implications of bidding and other business practices in geospatial business contexts and make reasoned decisions about appropriate actions