Decoding Common Terms: Unveiling HR's Unique Interpretation
We did not seek to beat competition , instead we aim to make the competition is irrelevant
Create need in the industry
Redefine industry expectations
Innovation
Keep up with the best practices- as good as competitor
Renewal
Correct the operation gaps - to stay in the game
Improvement
Cost Leadership
One common pitfall for HR professionals is engaging in repetitive activities without aligning them with broader business objectives. Additionally, they may follow media- driven trends like “The Great Resignation , The Quiet Quitting, The Quiet Firing etc. without understanding their organizational context.
Consider "innovation." It encompasses incremental, breakthrough, and disruptive forms. While all contribute to creating new ideas or things, they differ significantly. Incremental innovation drives ongoing improvement, breakthrough innovation advances within existing categories, and disruptive innovation radically changes market behavior. Recognizing these distinctions is crucial for tailoring HR interventions effectively and ensuring organizational success.
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