Key Skills Essay Example | Topics and Well Written Essays - 1250 words

Key Skills - Essay Example In line with this, businesses identify the essential role that technology plays to connect the business with the world and help the business network with its customers through platforms that technology provides. Technology helps a business organization integrate systems that enhanced operations in a business (Baskerville 317). In this regard, businesses are able to upgrade, replace, and add new technology that support  systems that help a business carry out its operations in a manner that promoted effectiveness and efficiency in business. While technology appreciation skills are  fundamental  in managing successful businesses, it is important to ensure that business executives developed these skills in an attempt to remain competitive in the contemporary society. For instance, it is evident that the world witnesses a situation whereby new technological innovations are the order of the day with systems continually changing every day. In effect, it is important for business execu tives with technology appreciation skills to understand the changes in technology and adopt the new technology in order to ensure that their business organizations incorporated new systems that were efficient. ... In this case, numeracy skills are a  crucial aspect of business since mathematical concepts are applicable in practical situations that help an individual to develop estimates in business that enhance the business’ ability to make profits. On the other hand, problem solving skills are essential in enhancing the ability of business people to think critically and analyze situations while providing their solutions (Velde 69). In line with this, it is essential to point out that problem solving numeracy skills in business are essential in carrying out an analysis of business estimates that affect the performance of a business and develop solutions based on the analysis. In addition, these skills are crucial in business forecasting since they help a business executive to interpret graphs, charts, and data that help a business make projections that affect their business (Velde 69). Business forecasting is important in decision-making. Business executives develop problem solving nu meracy skills that help them to  think critically, to  analyze  challenging situations  in  a business, and make decisions based on critical thinking and effective analysis. Problem solving numeracy skills require  to be developed in order to increase a business executive’s competency. In this case, it is important for business executives to  engage their brains  continually  by using mathematical ideas and techniques in order to develop their skills. In addition, working together in teams helps an individual gain concepts and skills from other members of staff in order to ensure that they developed their skills. In a knowledge-based economy, business executives should focus on learning skills and acquiring knowledge that focused on analyzing business