Rising Global Demand for Seafood
- With wild fish stocks under pressure, aquaculture is seen as a sustainable way to meet increasing seafood consumption.
- It now supplies over 50% of the fish consumed globally.
Economic Opportunities
- Aquaculture supports livelihoods in coastal and rural communities.
- High-value species (like shrimp, salmon, and oysters) attract significant investment.
Business Acumen Overview
- Business acumen refers to the ability to understand and deal with various business situations in a way that is likely to lead to a good outcome.
- It involves strategic thinking, financial literacy, market insight, and decision-making capabilities.
Understanding Business Acumen
- Business acumen is the ability to make smart, strategic decisions by understanding how a company operates and succeeds.
- It combines financial literacy, market awareness, and operational insight to drive performance and profitability.
Importance of Local Knowledge
- Local knowledge refers to the understanding of the customs, culture, geography, and community dynamics within a specific region.
Value of Local Knowledge
- Local knowledge provides insight into the unique social, economic, and environmental factors that shape a specific area.
- It enhances planning, problem-solving, and engagement by aligning actions with local realities and stakeholder expectations.
Team-Building Ability
- Team-building ability involves fostering collaboration, trust, and a shared vision among group members to achieve common goals.
- It enhances productivity, strengthens relationships, and promotes a positive, results-driven team culture.
Effective Team-Building Skills
- Team-building ability is the skill to bring individuals together, leveraging their strengths to form a cohesive and high-performing unit.