Thailand HR Strategy Playbook 2024

Vision & Leadership

outlining a vision for what they want to be known for. articulating a visionary identity for their companies. envisioning industry-shaping innovations. Leadership commitment drives the journey to embed and sustain this capability, recognizing that evolution is perpetual in a dynamic business landscape.

Employees

Going beyond sporadic efforts like training or hiring. They build holistic talent systems, mapping pivotal roles, assessing strengths, and balancing hiring with reskilling. Lifelong training, career path design, and robust performance management ensure sustainability and differentiation. It's about building a system, not just conducting one-off initiatives.

Culture & Value

Creating a unique organizational culture demands more than mere mission statements; it necessitates a fundamental mindset shift. Whether fostering innovation or embracing analytics, companies must cultivate resilience and consistency in change efforts, integrating culture metrics into management incentives for enduring transformation.

Technology

Harnessing human and technological prowess, today’s institutional capabilities integrate data and AI. Often, companies err by exclusively overhauling core systems or relying on one-off digital solutions. Sustainable growth entities orchestrate scalable AI models, optimize data structuring, and prioritize value-driven initiatives, ensuring enduring impact and distinctiveness.

Organization

Fostering new capabilities, organizational structure aligns with the adage "structure follows strategy." Temporary teams aid in experimentation, but sustainable capabilities demand permanent structures with defined roles, reporting lines, and decision rights. Ongoing financial support and integration into budgeting and governance frameworks are essential for lasting impact.

Routines

Ensuring consistent execution at a high standard, effective processes and routines form the backbone of organizational success. They demand meticulous design and ongoing coaching. Leading companies liken their capabilities to how elite athletes treat their sport — continuously practicing with top-notch coaching to elevate performance and maintain excellence.

Summarized from VECTOR Approach of Superpowered companies, McKinsey,2023

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