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Introduction
Introduction
Business Insight involves using data and analysis to understand business situations. Enhancing your business acumen and commercial awareness can give you a competitive edge as an advisor to clients and your employer. It's essential to understand your business locally and globally. Reflect on its role in the wider economy and how it aligns with key objectives and success metrics.
Certain sectors, such as retail, hospitality, aviation, and the arts, continue to face challenges due to issues like rising electricity and power costs, and evolving trade policies in Europe and the USA.
Here, you'll find resources to support your understanding of various organisations and their environments, helping you influence business decisions on relevant communities.
Watch
Watch
For those of you that like to gain information through video, we have selected a few including one from HSBC Business insights; consider Africa's standing in the world economy and look at how new technology will shape the future of accountancy.
In this video, we'll explore how American businesses are bracing themselves for the potential effects of President Trump's trade policies. From supply chain disruptions to market fluctuations, we'll examine the various ways in which US firms are preparing for the uncertain economic landscape ahead.
If you want to see real change in the world, ask an entrepreneur. The challenge for many people is that when they think of entrepreneurs and business owners, they think of people who are simply trying to make money.
Generative AI is poised to transform the workplace, but we still need human brains for new ideas, says marketing expert Jessica Apotheker. She explores how marketers can find their niche in the world of AI based on their preference for data or creativity, offering a pragmatic and hopeful look at the future of business.
ESG Book, HSBC and A4S on Sustainability Driving Impact
ESG Book, HSBC and A4S on Sustainability Driving Impact
Daniel Klier, CEO, ESG Book, Zoe Knight, MD of Sustainable Finance Centre, HSBC and Brad Sparks, Executive Director, The Prince's Accounting for Sustainability Project (A4S) discuss measuring sustainability to drive impact and value with Bloomberg's Meg Szabo.
How Blockchain Will Shape the Future of Accounting
How Blockchain Will Shape the Future of Accounting
In this video you will learn about companies which are providing innovations in the accounting profession
How Africa could one day rival China
How Africa could one day rival China
In this video you from the Economist you will learn about the future of Africa and its participation in the global economy.
Read
Read
If you prefer to read, you will find some interesting articles below; Explore the challenges and opportunities for 2025 or the' Next Normal'. Explore the most recent trade deals, or the business trends of 2025.
Do
Do
Applying what you have learnt, will help to embed the knowledge you have gained. Here we have sourced a short course to help you build and apply your Business Insight from the Open University.
Sign in for this free interactive course from the Open University on business institutions.
After studying this course, you should be able to:
understand different ways of thinking about institutions and institutional development
appreciate that institutions in processes of development create pictures of institutional landscapes
understand some of the factors that can promote or hinder institutional development
This course is modular and 100% online. On average this course takes 12 hours to complete, which you can do in a bite-sized way.
Stretch and Challenge Yourself
Stretch and Challenge Yourself
Learning to stretch our thinking skills is integral to accelerating our development. This is a really important part of the learning process, and gives you the opportunity to demonstrate your skills and show progression in your Apprenticeship.
Here are two challenges for you to pick from- should you choose to accept, this will help you to develop critical thinking, evaluation skills and encourage creativity.
Challenge 1 Analyse your company's objectives for the year and performance measures. Create a SWOT analysis considering the strengths, weaknesses, opportunities and threats. Evaluate the potential threats and to the company and identify the most significant threat, and create an action plan to minimise/overcome the threat. Discuss with your Talent Coach justifying your conclusion and action plan.
Challenge 2 Consider your company's current policy and activities that support sustainability. Select one of your competitors and compare their sustainability policy and activities. Analyse the differences between the policies and actions, concluding which company demonstrates sustainability more effectively and make two recommendations to improve your company's sustainability. Discuss with your Talent Coach justifying your conclusion and recommendations.
Remember to update your training log with your reflections and conclusions. You will find these useful at End Point Assessment.
Reflect
Reflect
Reflective practice is, in its simplest form, thinking about or reflecting on what you do. It’s a really important part of learning from experience.
Within your apprenticeship you will be encouraged to reflect throughout your programme, the reason for this is two-fold.
Regular reflection will accelerate your development and help you to identify areas to develop helping you to constantly move forward.
A summary or log of your reflections on your development will be required as part of your endpoint assessment activities. These reflections should demonstrate your ability to 'critically evaluate' your performance and development.
Reflection is a skill and practice will make it easier, it should also be an enjoyable experience and a chance to concentrate on what you need.
To support you to develop this skill we have gathered a range of resources and articles to help you find a reflective model that works for you.
Click on the button below to access the Reflective Practice page for additional resources.
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