Employees – The true source of competitive advantage in future Inward collaboration Planned executionGrowth Ankit Chopra IIM Lucknow

Slides:



Advertisements
Similar presentations
Strategy Planning & BPM Consulting
Advertisements

Human Resource Management: Gaining a Competitive Advantage
Continual Professional Development (CPD) “investing in your greatest asset”
A Presentation on T&D. What is Training? Training involves an organized attempt to assist learning through Training involves an organized attempt to assist.
EVALUATING A COMPANY’S EXTERNAL ENVIRONMENT
Entrepreneurial Strategy: Generating and Exploiting
The Purchase Process For Services Dr. Donna J. Hill Mtg. 410 Fall 2000.
Chapter Three Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability.
1 Industry Analysis Business Plan Preparation Frank Moyes Leeds School of Business University of Colorado Boulder, Colorado.
1 Pertemuan Keduapuluhdua Marketing Strategies for Growth Markets.
Marketing. Marketing Principles >> 1.Introduction To Marketing Definitions of marketing Implications of marketing The marketing concept The marketing.
Operational Strategies: Innovation A2 Business Studies.
Chapter 10 Business Ethics and Organizational Performance.
Organisational Objectives
VENDORS, CONSULTANTS AND USERS
JOB DESIGN,. JOB DESIGN Job design is a way of organising tasks, duties and responsibilities into a productive unit of the work. An outgrowth of job analysis.
Slide 2-1.
© September Competitive Advantage Firm’s ability to score profit above the average profitability for all firms in its industry.
IBE312: Ch18 – Business Strategy Business Strategy Fig feedback loop of business strategy and IA (M&R)  Competitive advantage – “Competitive.
Panel: Fostering and Supporting Conversations Moderator: Rachel Happe, The Community Roundtable Panelists: Claire Flanagan, CSC Chris Howe, Avid Naomi.
Submitted By Tanmoy Mondal IIFT MBA (IB) The future lies on Business transformation & Employee- Organizational Alignment.
Competency Mapping The Changing Face of Human Resources Management “From IR to HR to HRD”
Gaining the Commitment of Others. AchieveGlobal Canada Operating in Canada since 1964 Research Based Training in: Leadership and Management Development.
Results Focus Kirsti Mijnhijmer, Joint Secretariat How to Apply Seminar 4th February 2015, Copenhagen, Denmark.
THE STRATEGIC MANAGEMENT PROCESS [How to Analyze a Case] Dr. Ellen A. Drost Mgmt 497.
Chapter 1 Marketing: The Art and Science of Satisfying Customers
Concepts of Engineering and Technology Copyright © Texas Education Agency, All rights reserved.
Logistics and supply chain strategy planning
Summary of the U.S. Task Force on United Way’s Economic Model & Growth.
Verification Pvt. Ltd. 1. Name : URVASHI Verification Pvt. Services : Criminal record verification Civil record verification Financial verification Tenants.
Rural Development Council 8 th December Contents Scottish Enterprise Focus Economic Downturn Implications & Actions Core Rural Objectives HIE Economic.
1 8 Strategy in the Global Environment. 2 Related Concepts/Theories Theory of comparative advantage – a country is ahead, and all other country’s benefit,
Chapter 8 Career Planning and Development
Transfer of Training Chapter 5.
Framework for the Creation of Digital Knowledge Resources to meet the Challenges for Digital Future: A Librarian’s Perspective Dr. Harish Chandra Librarian.
Brand Equity Concept & Its Importance. The Challenge More Products More Competitors More Media Same Consumers Same Needs GROWTH MANTRA?
Elements of a supportive work environment:
STRATEGIC MANAGEMENT ACCOUNTING The Balanced Scoreboard Companies must mobilize and deploy intangible assets to create and sustain competitive advantage.
Australian Centre for Innovation & International Competitiveness The Future by Professor Ron Johnston Victorian TAFE Association 19 May 2001 Swinburne.
System Model of HRM System composed of interrelated & interacting parts to achieve desired goals System approach to HRM combines itself with business strategy.
INTERNATIONAL MARKETING MANAGEMENT SESSION 3: ESTABLISHING INITIAL ENTRY OBJECTIVES: DEVELOPING COMPETITIVE ADVANTAGE 1.
Gallup Q12Yes/ No Do you know what is expected of you at work? Do you have the materials and equipment you need to do your work right? At work, do you.
Creating Value through Collaboration
Introduction to Human Resources Management. Question? What is Human Resources Management?
Future Lies In The Hands Of Internal Customers – The Employees
Audience Profiles RoleKey CharacteristicsValues & NeedsRecommendations C-Level Execs Challenge and opportunity is to capitalize on executives’ critical.
Management Development. Manage Human Capital to measure and improve performance in the workplace.
Part 2—Skills for Success Chapter 10 Leadership and Group Dynamics.
Vision, values, culture, mission, aims, objectives, strategy and tactics.
Human Resource Management Gaining a Competitive Advantage
Theme 1: Marketing & People This theme enables students to understand how businesses identify opportunities and to explore how businesses focus on developing.
JAMS TECHNOLOGY J ohn McGonegal A ndrea Mastro M adina McCants S amar Omar.
Theme 1: Marketing & People This theme enables students to understand how businesses identify opportunities and to explore how businesses focus on developing.
Disney 2007 SWOT.
CtrlS Values Values - C – Challenger for Industry Standards & Committed T – Total Ownership R – Reliable value addition to clients L – Loyal S – Service.
Business Ethics and Organizational Performance
Our Vision Our Purpose What we do Our Strategic Aims
Wired –Talent for Growth
Theme 1: Marketing & People
Creating Business Advantage with IT
Employee Engagement Employee engagement is the level of commitment and involvement an employee has toward their organization.
Nurturing Growth in Healthcare
VENDORS, CONSULTANTS AND USERS
Customer Service Strategies
Knowledge Exchange Networks
The Customer: Key to Market Success
KNOWLEDGE MANAGEMENT (KM) Session # 22
Marketing Channels and Supply Chain Management
SDHR Forum Peter Kim VP, Culture and Counsel.
What Are The Data Analytics Solutions By The Market Research Agencies?
Presentation transcript:

Employees – The true source of competitive advantage in future Inward collaboration Planned executionGrowth Ankit Chopra IIM Lucknow

Ideators Representatives of the brand Increasing number of interactions with customers Company Objective Customer centricity Stable growth in terms of uncertainty Innovation & expansion Decreasing risk amidst high competition Products/services reach consumers through employees Feedback through employees Customer Expectations High service levels in less time Decreasing switching costs Unknown demands & increasing wants Premium service ready Employees Employees bridge the gap between company & customer expectations

Inward collaboration with employees – Satisfying basic needs, Increasing responsibility/focus areas & mapping opportunities on per employee basis Inculcating risk taking culture Eg- Ideating rooms for brainstorming seesoins More responsible & responsive employees by targeting intrinsic motivation eg- jam rooms, music clubs Cater to needs eg-Insurance services for contract workers Mapping opportunities on per employee basis & setting the expectations Providing challenging assignments A 360degree employee satisfaction model for optimum efficiency

 Providing competitive services  Improvising on situation  Contribute to increasing brand loyalty for the firm  Motivated employees can help reduce attrition costs for the company  Forming a strong network among peers & industry experts  Update employees skills  Motivation is better than compensation  More responsibilities to the employee  Opportunities & feedback mechanism Employees as source of revenue generation & reduction of costs Future expectation from employees & their mode of contribution to the firm will increase manifold To-do list for managers Reactive system Proactive system The new mantra to success Comprehend + Create+ Care = Conquer All stakeholders in an organization need a keen sense of vision to beat completion & employees will play a major role in the same

THANK YOU!!!