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3.10 Business Fundamentals

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

  • 3.10.1 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.
  • 3.10.2 Integrity in Business
    • Act ethically in the best interest of the company, 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.
  • 3.10.3 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.