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How to avoid the ‘competency trap’

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https://www.bbc.com/worklife/article/20200608-what-is-the-competency-trap

bbc.com

How to avoid the ‘competency trap’
Previous successes can stand in the way of new opportunities – and even lead to failures with big price tags.

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The Competency Trap

The Competency Trap

The company having the original PC technology back in the 70s was Xerox. This was a time when their photocopiers were a worldwide hit, and even their brand name ‘Xerox’ was used as a verb. They had...

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The Problem Of Success

Successful organizations start having rigid corporate cultures, which crumble when the outside world evolves, which is always inevitable.

The rules and assumptions that companies operate on...

197 SAVES


The Sunk-Cost Bias

... is a reluctance to give up on the past spendings and investments made on projects or products that are no longer providing any return.

The managers are usually unable to make strong de...

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Failing To See The Future

  • AT&T invented the telephone and began working on mobile communication as early as the 1940s, yet it was Motorola which eventually created the first hand-held cell phones for the mass mar...

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The Competency Trap: Lessons

  • Companies which have the potential for falling in the competency trap may require an overhaul.
  • Old-school managers who are blinded from future innovations need to be updated.
  • ...

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SIMILAR ARTICLES & IDEAS:

“The biggest risk is not taking any risk. In a world that is changing really quickly, the only strategy that is gu..."

Mark Zuckerberg, CEO of Facebook

Skills Needed In Digital Leaders

  • Work together, complement each other, and function as a team.
  • Able to operate on and enable environments that are more dynamic, team-centric, and connected.
  • Lead and build teams and partner with the broader ecosystems, keep people connected and engaged, and drive a culture of innovation, learning, and continuous improvement.
  • Lead a workforce that includes contractors, the contingent workforce, and crowd talent.
  • Understand how different business functions, industries, and technologies come together to form solutions.
  • Comfortable and competent with risk-taking.

Demographics And Leadership Destiny

Millennials expect to be developed via opportunities, mentoring, and stretch assignments. However that is hard to come by in top-heavy companies. 

Most millennials think their roles provide little development while most companies report they have excellent or adequate programs for Millennials.

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The lifelong passport

Nowadays, everybody is aware of the importance a university diploma has for one's future. However, the fact that learning goes beyond the five years spent at university is just started to be taken ...

Learning practical skills

Subjects like maths and physics provide you with an appropriate base for lifelong learning. 

Another major component of this process refers to the high importance of learning through projects, which eventually enables students to gather up practical skills, that can easily be kept and improved throughout their life.

Advantages and disadvantages of lifelong learning

While resorting to lifelong learning may provide some advantages, such as enabling individuals of different ages and professional experience levels to share their knowledge, it also has certain disadvantages like the fact that the time the learners are supposed to devote to learning is decreasing the moments spent with their family.

The online job application process

The online job application process

Online applications can take hours of candidates' time when applying for a job. While some firms are moving away from these online systems, many companies move towards them.

A recen...

Most companies rely on ATS

  • With newer platforms, applicants have the option of using their LinkedIn profile instead of a CV. But they may still encounter customised questions that will require a significant investment of time.
  • LinkedIn's Easy Apply button on job listings allows candidates to submit their profiles without additional materials.
  • However, the majority of New York-based positions listed on LinkedIn rely on external ATS (Applicant tracking system) to manage applications.

ATS systems are not human friendly

What serves the employer well may not work for the prospective employee.

  • According to a survey, 60% of candidates may give up on an application if it's too long or complicated.
  • A cumbersome application process likely indicates the company's attitude towards its employees or overall culture.
  • It is a dispiriting process as even seasoned applicants receive a response only 5% of the time.

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