TAILIEUCHUNG - Understanding of Our Business

HR People must Understand the Business. In order to develop and resource business leaders, their teams, and the organizations they lead, HR practitioners must fully understand the business. This means all aspects of the business; strategies, objectives, measures, competitors, customers, and how all functions contribute. This takes development and experience. One can't give advice, make recommendations or contribute with competence and credibility without this knowledge and experience. Hence, the importance of business assignments in the line before assuming the HR role is critical. One learns the business by working in the business and develops the external focus and the skills. | Understanding of Our Business HR People must Understand the Business. In order to develop and resource business leaders their teams and the organizations they lead HR practitioners must fully understand the business. This means all aspects of the business strategies objectives measures competitors customers and how all functions contribute. This takes development and experience. One can t give advice make recommendations or contribute with competence and credibility without this knowledge and experience. Hence the importance of business assignments in the line before assuming the HR role is critical. One learns the business by working in the business and develops the external focus and the skills to help leaders develop sustainable competitive advantage through these assignments. Understanding of our business involves skills in the following areas Strategies Refers to the choices a business makes to organize around to best position us to win with consumers versusour competitors. Metrics The measures chosen to evaluate progress on strategies. Always numbers and most often shown as a gap between two numbers. Customers The individuals or organizations that services are provided for. Competition Other companies in our business we vie with to gain volume and market share. HR professionals must bring their skills and business competencies to bear so that competitive advantage is achieved. Functional Excellence Contribution The unique skills knowledge that functions add to the business PS Manufacturing Engineering Purchasing R D Science and Technology HR Improving the capability of individuals and organizations The CEO s Agenda The direction focus and priorities of the top leadership of the working to understand how things fit together the contributions you and your organization make to achieve it. Core Skills Assessment Print this page and circle all areas below where you have demonstrated successful results in using the core skills listed. You may circle .

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