Need a Rewrite and a response to two post

1. What skills should a person have for managing a business unit following a differentiation strategy? Why? What should a company do if no one having these skills is available internally and the company has a policy of promotion from within?

A person for managing a business unit using a differentiation strategy should have high internal locus of control so that they can control themselves and influence/train others as per the requirements. He or she should be experienced in Research and Development. He or she should be creative and innovative and should also possess the risk taking ability. A person should have these qualities or skills as the differentiation strategy calls for the development of products or services which are unique and different from that of the competitors.

If no one having these skills is available internally and the company has a policy of promotion only from within, then the company should reconsider the policy. The company should go for external hiring. If the company wants to hire internally, then the proper training should be given to that internal employee.

2. When should someone from outside a company be hired to manage the company or one of its business units?

If the organization is going through a crisis situation or if the organization is planning to start a new business unit then a consultant can be hired from outside who would be specialized in such aspects and will ensure that the needful is done in order to make the decision of the organization effective and ensure better performance too. The individual hired needs to be one of those individuals who have sound business and domain knowledge who will help the organization in achieving their planned business objectives.

DH

Response (1)

1. What skills should a person have for managing a business unit following a differentiation strategy? Why? What should a company do if no one is available internally and the company has a policy of promotion from within?

When managing a business an individual would want to have employees that want to be present at their job and not someone who just wants to collect a pay check. When workers are eager and happy to be at work they are more productive and better results are achieved. Companies that use the, promote from within normally have some sort of training program which means they are always grooming future leaders. If a particular location does not have someone for the position they should bring them in from another source in the chain. If this is still not an option they should look at sourcing from an outside source with similar values and ambitions.

 

2. When should someone from outside a company be hired to manage the company or one of its business units?

Business tend to look outside of its company when they want to introduce new concepts or ideas that can be an added which benefit the company. Another consideration is if the company does not have a qualified employee they will look outside of the organization.

PB

What skills should a person have for managing a business unit following a differentiation strategy? Why? What should a company do if no one is available internally and the company has a policy of promotion from within?

For managing a business unit that follows a differentiation strategy, it is important that the manager or the CEO of the concern should have very good analytical skills. Analytics and innovation are two key factors for a business unit having differentiation strategy. This strategy involves developing distinct product for different customer segments, which earns innovation has to be at its peak throughout the business cycle. Since differentiation strategy address's niche market segment, it is important for the personnel at the top level to be innovative and analytical. People or customers will always want to expedite new products and services, hence innovative thinking is one of the important skills that a person would possess in a differentiation organization. If no one in the company has this skill then the company will have to identify the best available from the group by conducting various activities which will help them to evaluate the skills. Internal job promotions are one of the factors which help is retention of employees , hence it is important that internally available skills are first identified properly and then rewarded suitably. This will give a sense of job security to the employees which will act as a key motivational factor.

When should someone from outside a company be hired to manage the company or one of its business units?

There are times when a company finds that their existing employees have become deadwood because of burn out factor. In such a scenario, the company must look for new employees with fresh ideas and fresh energy. Companies also hire people from outside, when people with the required skills, experience and attitude for a particular position are not available within the company. So hiring people from different companies or industry background helps infuse new perspectives and ideas into the business. Also external people don’t come with a baggage of perceptions about the company, unlike internal employees. Sometimes companies go for external hiring in order to poach a person who is working for a competitor and the person can bring the same competitive advantage from competition to them.