Employers commonly conduct one-on-one (or face-to-face) interviews with individual job candidates to select a new staff member. When potential recruits interview with several company representatives, the multiple perspectives provide valuable input to the hiring decision process. However, sometimes in small businesses and start-up environments, only one manager will participate in...
Panel interviewing allows multiple people to interview a job candidate at the same time. A panel has two or more participants, which may include the direct manager for the role, human resources staff, department managers, and/or the candidate’s potential colleagues. Peer participants commonly participate when recruiting a new senior staff...
Talent is an indicator of one’s capacity to learn, grow, and develop new skills for future use. It also suggests how quickly a person or organization can adapt to new challenges. In this article, “talent” is defined as a dormant or untapped quality that lies either in an individual employee...
This short but insightful article reminds of all of the importance of systems thinking to business process change. Ultimately processes are simply one element in the overall system that is called a company. Contemplating any company's transition to business process management, the implications for IT professionals are profound, for companies...
Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation. There are other useful definitions in this field, for example, creativity can be defined as consisting of a number of ideas, a number of diverse ideas and a number...
In this thought-provoking article from AMR Research, author Bruce Richardson discusses recent trends in the Research and Development (R&D) arena and explains why "everyday low prices," which are great for consumers, make it hard for manufacturers and vendors to create a sustainable competitive advantage. Richardson goes on to outline the...
The importance of coordinating strategic planning with capital planning cannot be emphasized enough. But all too often in health care, those planning processes are conducted separately, with negative results. Strategic objectives that are not financially tested may fail or never come to fruition. Conversely, when capital expenditures are set without...
The outsourcing trend began in the early '90s, when large corporations started contracting work to third parties as a cost-saving measure to concentrate resources on their core businesses. Today, small businesses nationwide are jumping on the bandwagon. The total outsourcing market has tripled since 1996 to an estimated $400 billion...
Communication skills are just one of the core leadership competencies healthcare financial managers need to succeed in today's marketplace. In practical terms, core competencies can be defined as attributes that make one person more effective than someone else who holds the same job. In other words, core competencies are linked...
Competitive advantage is an important concept of strategic management. It defines the ‘uniqueness’ of an organization vis-à-vis its competitors. Competitive strategy of the organization is the roadmap towards gaining competitive advantage. The strategy by which the sustainable competitive advantage is gained is known as business level strategy of the organization....
The internal environment consists of the inherent competencies of the firm and the structure of its internal systems and processes. It is imperative for the organization to conduct an internal analysis to obtain a clear picture regarding its strengths and weaknesses. Based on the same, the organization can devise suitable...
An organization operates in an external and an internal environment. The organization judiciously uses the factors present in its external and internal environments to its advantage. This enables the organization to gain a sustainable competitive advantage in the market wherein it is able to deliver more ‘value’ to the customers...
The internal environment of an organization contains the internal resources and possesses internal capabilities and core competencies. The organization needs to conduct the internal analysis figure out loopholes in resources, capabilities, and core competencies. This enables the firm to devise suitable strategies for closing the gaps in the aforesaid internal...
In today’s dynamic business environment, focus on innovation is the key to success for organizations. According to the paper, companies are today accepting enterprise wide innovation as a key operational discipline, just as in the past they adopted the disciplines of quality, planning, and management. The paper examines four principles...
Any organization with core competencies should have core competency interviews to support them, so it can hire people strong in those competencies. This is one critical way of truly bringing those competencies to life around the organization. Asking managerial candidates about a time when they instilled a customer-focused culture in...
Most IT and R&D departments are under orders to trim costs along with the rest of the organization. Only highly progressive R&D groups and IT departments with clear competitive missions are immune. Every organization is undergoing painful self-evaluations of their markets and their core competencies. If they have money...
Staying ahead of the changing economy is getting more and more difficult to do by working harder. Adapting to changes and working smarter requires specific focus. Focusing on the core competencies of the company is the means to develop that focus. More specifically, one need to determine what core competencies...
Core competencies lead to the development of core products. Core products are not directly sold to end-users; rather, they are used to build a larger number of end-user products. The business units of the corporation each tap into the relatively few core products to develop a larger number of end...
This presentation explains that internal analysis, external analysis, strategic intent, and strategic mission are combined to formulate and implement strategy. It includes the components of internal analysis, core competencies, four criteria of sustainable advantages, value chain analysis, and SWOT analysis. This presentation helps to determine if a capability is a...
The organization’s resources, its capabilities and competencies make up the internal environment of the organization. The internal environment plays a crucial role in the strategic management process of the organization. The organization’s core competencies help sustain it in the long run in the face of competition. The paper discusses the...
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