Shared value chain process, diverse challenges to navigate While organizations share common value chain processes outlining their product production and service delivery, they encounter diverse challenges. Some grapple with escalating operating costs outpacing revenue growth, eroding margins. Others rely heavily on dated product pipelines, lacking innovation. Public scrutiny over compliance raises concerns for certain organizations. Recognizing these challenges is pivotal for HR strategic planning. Moreover, HR must not only address challenges but also seize opportunities. Leveraging organizational competencies and emerging trends, HR can facilitate early adoption and capitalize on first-mover advantages. This entails building capabilities and strategizing workforce compositions to position the organization advantageously. Featured here is a word cloud generated from insights gathered from 452 companies applying for the Thailand HR Strategy Conference 2024. This visual representation encapsulates the primary challenges and opportunities these organizations anticipate encountering over the next 1-3 years. Each word's size corresponds to its frequency in the responses, offering a vivid snapshot of the prevailing concerns and potential areas of growth across diverse industry sectors. As we delve into the conference discussions, let's explore how these themes resonate and the strategies we can collectively devise to address them effectively.
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