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Add You - Strategic Management: Critical Steps for Developing Competitive Edge and Innovative Strategies
Great Human Resource professionals add value to any organization. Recruiting and retaining star performers, building a productive workforce, coaching managers to perform at higher levels, ensuring that the organization stays compliant, and raising the bar on performance are what HR brings to the table. HR can be the difference between success and failure in an organization. But what can an organization do if they don’t have an HR professional on staff? This is the predicament faced by many companies. Anne Craigs of the YWCA of Central Maine understands the value of HR from her days in banking and would love to have a HR professional on staff, but size and affordability precludes that possibility for now. So Anne and her managers must do it all.Without HR, managers must recruit, retain, pay, and develop their employees. Nearly all organizations assign the administrative aspects to a finance person who manages the benefits and keeps the records, but that’s where the similarities in approach end.So how can businesses successfully manage without a formal HR group? Here are 5 tips:1. Delegate the HR responsibilities to your managers, but train them first—and give them the authority to make people decisions. Strong supervision is indispensable in building and maintaining a productive work environment. Good supervisors can be the eyes, ears and voice of the organization. But if they are not properly trained,
Determine Core Competencies, Target Market and Desired Market Position Companies must determine what they are good at, where they want to be and at what position in the market they desire to achieve. If they can do this, and do it better than their rivals then they will have an edge
Not all questions you are asked in an interview will be logical ones that are directly related to the job itself.Remember, we all have a different personality and some hiring managers you speak with might be a bit unconventional.Some questions are asked just to gauge your reaction to them!Some individual hiring managers and some companies might ask legal interview questions that could be described as trick questions or stress questions that are used to test your ability to think on your feet and to test your reasoning skills.Here are a few such questions that I’ve heard asked during some interviews:Describe yourself in 5 words. Yikes. How can you summarize yourself in five words? Think of five words that properly describe you, highlight your character and that would be of benefit to the company and to the job such as: organized, intuitive, ethical, trustworthy, honest, professional, fair, enterprising, entrepreneurial, focused, etc.Take your pick.What hobbies do you have? Don’t include your hobbies and personal interests in your resume. In an interview setting, this is when mentioning your hobbies might have some merit. If you are an avid guitar player and see that the interviewer has a picture of themselves playing a guitar, this might be a good opportunity to casually mention your common interest in the guitar. People hire people that they like and if you can establish
Developing and exploiting a competitive edge in the market is the key to success. Without this edge, the chances of success are slim. Venture capitalists know this and therefore look long and hard for the things that set the "wanna bes" apart from the "could very well bes". Most start-up businesses that want to make a difference in the market need outside capital to get the operations running. In order to be successful in the fund raising venture, CEOs need to understand the fundamentals of developing and exploiting this edge.
Develop a Vision and Mission Statement The founders must have an image in their mind regarding what they want to achieve, where they want to go and how they want to get there. This vision gives future employees direction, determines future decisions and helps motivate staff in difficult times. When this vision is written on paper, in the form that answers the question, "What business are we really in?" in such a way that it becomes tangible, it becomes an expression of how the company distinguishes itself from others in the market, and shows in no uncertain terms what the mission of the business really is. This becomes the Mission Statement.
Determine Core Competencies, Target Market and Desired Market Position Companies must determine what they are good at, where they want to be and at what position in the market they desire to achieve. If they can do this, and do it better than their rivals then they will have an edge b
What if you are expecting a job offer with one company and then get an interview with another company?Specifically, you haven't yet accepted an offer but are expecting one shortly.I don’t suggest accepting a job offer and then changing your mind and accepting another company’s offer. That’s unethical.The reality though is that timing often plays a big part in how we move forward in our career. You might be approaching a job offer with one company and are then invited to attend an interview with another company that you are also interested in working for.What should you do?Unless you’ve received the job offer in writing, it isn’t yet a job offer. In this case, your job search isn’t over yet as far as I can tell.Until you have received a job offer in writing and have accepted it, I always think it’s good to keep your options open. I’ve seen verbal job offers retracted and instances where a job offer was believed to be forthcoming only to get shot down by an unexpected company hiring freeze.A good interviewer (and recruiter) will ask you specifically if you are interviewing with other companies and if you are expecting any job offers shortly. They will ask you where you are specifically in each stage of the interview process if they are really interested in you.If they don’t ask, you might decide to bring it up yourself in an interview. You should always leave
Developing and exploiting a competitive edge in the market is the key to success. Without this edge, the chances of success are slim. Venture capitalists know this and therefore look long and hard for the things that set the "wanna bes" apart from the "could very well bes". Most start-up businesses that want to make a difference in the market need outside capital to get the operations running. In order to be successful in the fund raising venture, CEOs need to understand the fundamentals of developing and exploiting this edge.
Develop a Vision and Mission Statement The founders must have an image in their mind regarding what they want to achieve, where they want to go and how they want to get there. This vision gives future employees direction, determines future decisions and helps motivate staff in difficult times. When this vision is written on paper, in the form that answers the question, "What business are we really in?" in such a way that it becomes tangible, it becomes an expression of how the company distinguishes itself from others in the market, and shows in no uncertain terms what the mission of the business really is. This becomes the Mission Statement.
Determine Core Competencies, Target Market and Desired Market Position Companies must determine what they are good at, where they want to be and at what position in the market they desire to achieve. If they can do this, and do it better than their rivals then they will have an edge
Someone who wants to try their hand at Internet Business today had better do a massive amount of study prior to jumping in head first. Okay, that was a little rough! The number of business opportunities available is vast, and tend to crush the tenderfoot. What they need is the correct information to guide them.Many of the newbie’s come to the Internet with misconceived ideas as to what it will take to create a business online and are blinded by the promises of huge fortunes that can be made in days, or even overnight, and with a minimal amount of work necessary to create these automatic money makers, let alone the continuance of them.Trust me that job does not exists. I would have found it by now.Regrettably, the newcomer is arriving sightless - has no information of any of the business systems available on the Internet - really has no concept as to what they should do.The internet is text driven. The first skill that you must learn is Copywriting. I attended a seminar some time ago, and the coach ask the audience the following question. How are you marketing your products and or services?The answers just about knocked me out. They talked about Linux, RSS Feed, fancy editors like Dream Weaver, all kinds of technical stuff. He then asked if any one had read the masters. There was blank look on everyone face.If you don’t know who the masters are, send a blank email to my autorestonder and I wil
Develop a Vision and Mission Statement The founders must have an image in their mind regarding what they want to achieve, where they want to go and how they want to get there. This vision gives future employees direction, determines future decisions and helps motivate staff in difficult times. When this vision is written on paper, in the form that answers the question, "What business are we really in?" in such a way that it becomes tangible, it becomes an expression of how the company distinguishes itself from others in the market, and shows in no uncertain terms what the mission of the business really is. This becomes the Mission Statement.
Determine Core Competencies, Target Market and Desired Market Position Companies must determine what they are good at, where they want to be and at what position in the market they desire to achieve. If they can do this, and do it better than their rivals then they will have an edge
Often, all it takes to identify your dream career is a clear picture of your personal preferences and style. People tend to success best at things that they enjoy, that utilize their strengths, and that happen in the kind of environment and structure they enjoy. Answering the ten sets of questions below will give you concrete insight into the qualities a career choice should have to be the ideal one for you.Take your time with them, and write your answers down. It may take you several days to decide how you really feel about some of the questions, but it’s worth the effort to figure them out. As you work with them, make notes about any career possibilities that come to mind.1. Your StrengthsWhat do you do better or more easily than others? What skill do you have that seems to come naturally to you? What subject did you find easiest in school? What knack do you have that others say they wish they had? What activities leave you feeling more energetic when you complete them then you did when you started? What gives you a sense of real satisfaction or pride?2. Your InterestsWhat unfailingly grabs your interest? What kinds of magazines do you look for when you’re in a waiting room? What kinds of movies do you rent? What kinds of books do you read? What kinds of stores do you love to visit? What kinds of catalogs do you like to browse through? What kinds of sites do
Determine Core Competencies, Target Market and Desired Market Position Companies must determine what they are good at, where they want to be and at what position in the market they desire to achieve. If they can do this, and do it better than their rivals then they will have an edge
Is your management team able to protect proprietary information? You have to be in this day and age of Corporate Espionage. Not to mention the laws on identity theft. If you lose valuable employee personal information you could be sued or worse yet be sued by the government, as there are now rules and regulations that you must protect your company’s employees information.And failure to notify them even if it was a criminal act can get you in serious hot water with stupid little Justice Department Agencies like the; FTC or Federal Trade Commission. You must therefore protect your company’s data.It is amazing of course we have the government suing companies over this stuff because the Federal Trade Commission themselves have lost personal data for their own employees and they are the agency entrusted to protect the American People over identity theft.Shear incompetence, yes I know, but that is the double standard we have. The government each year gives away or has stolen more information than any other entity on the planet. The Federal Trade Commission of course ought to know better, but they don’t in fact I believe them to be the most inefficient agency on the Planet in fact in my personal and professional opinion. Consider this in 2006.
Determine Core Competencies, Target Market and Desired Market Position Companies must determine what they are good at, where they want to be and at what position in the market they desire to achieve. If they can do this, and do it better than their rivals then they will have an edge by understanding the consumer better and thus be able to meet the customers' needs in ways that the competition cannot. These core competencies consist of unique products, services, and capabilities that they do better than everyone else. They can then take these competencies and utilize them to specialize in a certain portion of the market. When they define their position they are able to determine the target and develop the specific strategies needed to succeed.
Perform a S.W.O.T. Analysis of theCurrent and Future Business Situation All organizations need to learn about their own Strengths and Weaknesses within the company that can affect their actions in the market. What are they good at, and what are they not so good at. By understanding the strengths, they can develop plans to capitalize on those points while at the same time diminishing the weaknesses, or trying to find ways to turn the weaknesses to advantages through research, development, and or other means. It is important to understand the strengths because in the future those advantages may disappear, or be nullified through changing market circumstances.
External circumstances occurring outside the organization will influence the success of the organization. By finding out the potential opportunities to "get ahead" and then capitalizing on them, it may give the organization the edge that it needs to skate past the rivals who are struggling in the same market. A good example of this is the implications that the Kyoto Accord has on automobile makers developing hybrid vehicles. As Japan is lagging behind on their agreement, the government will start to impose stricter regulations, forcing consumers to utilize less gasoline-powered vehicles. The companies that have been working on hybrid, or electric, or use a bio fuel will be able to attract these consumers to their segment.
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