#1. Know your industry:
What industry are you in? What business models exist in your industry today? Which business model(s) is your organization structured around? Is your industry growing, shrinking and or transforming? How much competition is there for human resources talent in your industry and region? What is your company’s unique value proposition? What sets it apart from its competition? These questions help you to understand the priorities of your organization and support its success with strong human resources management decisions through strategic leadership.
#2. Stay Abreast of Innovations:
What’s changing in your industry? Are there new business models, new products or new technologies?
#3. Track Trends:
What are your company’s major revenue drivers? What are those products and markets dependent upon? Do they require special skillsets or connections or technologies? Are those major revenue drivers growing or shrinking? How might the industry be changing in ways that could affect those drivers? What are the implications for human resources and human resources management? Will you need more people or fewer? What new skillsets will you need and will you grow them or buy them?
Read your industry’s news, join its professional organizations, talk to your sales people about your competition, ask questions. Be Uncommon.
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