Simple Language, Smart Thinking


If you know the difference between skills, knowledge, and talents, you can use these terms to throw light on all the other words used to describe human behavior—words like “competencies,” “habits,” “attitude,” and “drive.” At present many of us assume that they all mean virtually the same thing. We use phrases like “inter-personal skills,” “skill set,” “work habits,” or “core competencies” so naturally that we rarely question their true meaning.

This isn’t just careless language. It’s careless thinking, it leads managers astray. It leads them to waste precious time, effort, and  money trying, with the best of intentions, to train characteristics that are fundamentally untrainable.

So let’s look more closely at competencies, habits, attitude, and drive. Which of these are skills, or knowledge, and therefore can be changed in a person? And which are talents and therefore cannot?

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, Line of Sight

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Slow Cycle Markets


Slow-cycle markets reflect strongly shielded resource positions wherein competitive pressures do not readily penetrate the firm’s resources of strategic competitiveness. In economics, this situation is often characterized as a monopoly position. A firm that has a unique set of product attributes or an effective product design may dominate its markets for decades. This type of competitiveness position can be established even in markets where there is significant technological change.

 

Although the idea of monopoly, which has a single seller, restricted output, and high prices, is largely disallowed because of government policy restrictions, subtle and more complex variations are possible at local markets.

 

Effective product design may enable the firms that produced them to dominate their markets for many years. These firms’ advantages are drawn largely from their special core competencies, because their resources and capabilities are difficult to imitate. Because these markets (and hence the firms that operate in them) are largely protected, they usually enjoy the highest average price increase over time. Alternatively, price increases in standard-cycle markets often vary closely around zero.

 

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, Line of Sight

Creating and Consuming Knowledge


There are far too many passive consumers of other peoples’ knowledge, and unimaginative users of standard tools. To ensure relevance, individuals and teams should be encouraged to develop their own approaches and understanding. Innovators and market leaders move beyond what is generally known or assumed. They voyage into the unknown, discover new knowledge and create additional competencies relevant to the achievement of their entrepreneurial visions.

 

Learning is dynamic. It is concerned with flows, processes for creating new knowledge. In many companies there is an imbalance between the consumption and development of knowledge. People simply draw down an existing supply without replenishing the well. The value of knowledge can rapidly diminish if it is not developed and kept current and relevant.

 

Winners champion knowledge and sharing. Their balanced scorecard assessments embrace learning, intellectual capital issues, and whether knowledge is being appropriately valued and effectively exploited.

 

Ultimately, a company and its people must outlearn competitors. Effective and collaborative learning can require creative combinations of complimentary approaches, environments, processes and technologies.

 

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please contact www.asifjmir.com, Line of Sight