Thailand HR Strategy Playbook 2024

Exercise #1 : Organization State Identification The initial exercise in HR strategic planning involves identifying the business trajectory for the organization over the next 1-3 years. Utilize the provided template as a reference, which varies according to sector (e.g., private, public, non-profit, education). Each organization should define its own state indicators for the workshop. Typically, organizations fall into one of four main states: organic growth, expanding, recovering or divesting with additional states like venturing or existing considered if applicable.

For private sectors

Venturing

Expanding

Organic growth

Divesting

Exiting

Recovering

What does it mean?

steady, natural growth in its existing operations. Including an organic growth that weathering potential threats from new entrants, risking a share of the market.

is strategically reducing its size, selling off assets, or downsizing.

facing challenges but actively working on recovery strategies.

investing in new business models, possibly focusing on platform economy or other

expanding through mergers and acquisitions, integrating or acquiring other businesses

is planning to exit the business, possibly due to market conditions

or strategic decisions..

innovative ventures.

Key indication

Liquidating assets, concluding

Streamlining operations, selling non-core assets, and optimizing resources.

Implementing cost- cutting measures, restructuring, and focusing on revitalizing core operations

Increasing market share, expanding customer base, and developing new products/services Also being navigate increased competition and potential market share erosion.

Exploring new revenue streams, adapting to industry trends, and fostering innovation

Consolidating market position, acquiring new capabilities, and entering new markets

operations, and developing exit strategies

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