flevyblog

Flevy Blog is an online business magazine covering Business Strategies, Business Theories, & Business Stories.
MANAGEMENT & LEADERSHIP STRATEGY, MARKETING, SALES OPERATIONS & SUPPLY CHAIN ORGANIZATION & CHANGE IT/MIS Other

Everyone Knows Their Weaknesses, Now It’s Time to Exploit Your Strengths

Editor's Note: Take a look at our featured best practice, Digital Transformation Strategy (145-slide PowerPoint presentation). Digital Transformation is being embraced by organizations across most industries, as the role of technology shifts from being a business enabler to a business driver. This has only been accelerated by the COVID-19 global pandemic. Thus, to remain competitive and outcompete in today's fast paced, [read more]

* * * *

Note from the Editor:  This article was originally published in the Reading Eagle’s Business Weekly and is re-posted with their permission.  It was contributed by Dr. Santo D. Marabella, The Practical Prof(R).

* * * *

supermanWhen companies talk about setting up “shop” overseas or outsourcing certain operational functions (i.e. accounting), they are typically trying to cut costs. While a good way to save a company money, they are often shrouded in controversies.

One issue not among the controversies is the need to preserve and keep core competencies. That means a company should never “outsource” or give away the skills, innovations, products and services that it does better than any other company. Why? Because these are the things that make your company attractive and different, and if you don’t protect them, you could lose your competitive edge. So, it is important for every company to know and keep what they are really good at to be successful in the long term.

How does this relate to today’s lesson? Well, I think the same can be said for the core competencies of individual employees. The skills, capabilities and talents that make an individual employee unique, valuable, and, of course, marketable. Each employee should know what makes her or him effective and productive. In the same way companies safeguard their core competencies, individual employees should cultivate their own competencies.

Know what I’m good at and keep getting better – sounds easy enough. It does, and all you need to do is answer these two “simple” questions:  How often are you told what you are doing wrong – your faults? And, how often are you asked about or acknowledged for what you do exceptionally well (core competencies)?

I would bet big bucks on the answers: frequently (faults) and rarely (core competencies). A simple Google search, while not scientifically valid, provided interesting but not surprising, insight. In the first 2 pages (20 entries) of results, there were five articles dealing only with identifying and discussing weaknesses, but only one article entirely dedicated to strengths.

I will never fully understand our preoccupation in American business with what’s wrong and what is weak, so much so that we ignore or pay little attention to what we are good at doing. I know all the “reasons” – insecurities that others will get ahead if we acknowledge their strengths, or not wanting our workers to “rest on their laurels,” blah, blah, blah. This perspective is a weakness of American business management, and nothing you say can convince me otherwise. In previous lessons, we have discussed the importance of promoting and appreciating what we do well, but it is a message that cannot be understated.

Today, let’s look at another way to shift the focus to the positive and suggest some practical steps to identifying and building our strengths.

Types of Strengths/Competencies

There are many ways to think of strengths.  Simple may be best – skills, characteristics/traits, knowledge, or competencies.

Here are two additional ways – one more traditional classification, the other a process approach. A University of Victoria, BC, “competency kit” lists ten which cover the usual suspects that make business effective.  Some on their list include:  communication, teamwork, project management, research and managing information. But, a 2013 Forbes article takes a different approach using four processes in business to represent employee strengths:

  • Envision – deciding where we want to go
  • Design – creating the plan to get there
  • Build – determining specific activities about the plan
  • Operate – implementing the plan’s activities

Strategies for Identifying and Assessing Strengths

No matter what you call them, they all answer the question:  what do I do really well? Another not so simple question. While you don’t need to have a formal framework categorizing your strengths, given all the negativity in the workplace around recognizing our strengths, it may be a good idea to have a structure to identify strengths.

I want to share three strategies for you to consider.  First, is a personal SWOT. SWOT – which stands for Strengths, Weaknesses, Opportunities and Threats – has been used by companies for years as a way to assess their internal strengths and shortcomings, and relate them to challenges and possibilities outside the company in the marketplace. An interesting twist on this business resource is highlighted in a Business News Daily (2015) article that applies SWOT to the job search process.

The part most relevant to our discussion is having employees consider a series of questions to identify their strengths and weaknesses. For example, for strengths:

  • What do you do better than others?
  • What sets you apart from others looking for jobs, such as education or certifications?
  • What values and ethics set you apart from your peers?

And, of course, it includes a number of pointed questions to identify one’s weaknesses. But, since this lesson is focusing on strengths, we’re not going to give them too much attention!

Second, once you identify what you’re think you’re good at doing or being; it would make sense to assess how good you are at these competencies. You might consider creating a hierarchy of your competencies, if you will. I found a useful tool in the Competency Kit mentioned above. It helps you describe your competencies and then provides a scale for evaluating them: beginning, developing, accomplished and exemplary. Not only does this give you insight (or affirm what you already know) about the strength of your strengths, it can guide you in developing them -something The Prof always appreciates!

Finally, have a talk with yourself about your strengths – the kind that occurs when no one is around. The Forbes article suggested some helpful questions that reinforce the first two strategies. It says “listen to your emotions,” and discover your favorite activities, the skills that come from these activities and assess your effectiveness with these skills.

Here’s the skinny on strengths. It is an uphill battle in the American workplace to focus on strengths. But, they are worth fighting for. When we focus on our strengths, we feel satisfied and valuable, and can be more productive and effective. It is your responsibility to identify, assess and develop your strengths. The Prof will be here to support you.

32-slide PowerPoint presentation
The Business Case is an instrumental tool in both justifying a project (requiring a capital budgeting decision), as well as measuring the project's success. The Business Case model typically takes the form of an Excel spreadsheet and quantifies the financial components of the project, [read more]

Do You Want to Implement Business Best Practices?

You can download in-depth presentations on 100s of management topics from the FlevyPro Library. FlevyPro is trusted and utilized by 1000s of management consultants and corporate executives.

For even more best practices available on Flevy, have a look at our top 100 lists:

These best practices are of the same as those leveraged by top-tier management consulting firms, like McKinsey, BCG, Bain, and Accenture. Improve the growth and efficiency of your organization by utilizing these best practice frameworks, templates, and tools. Most were developed by seasoned executives and consultants with over 20+ years of experience.

Readers of This Article Are Interested in These Resources


407-slide PowerPoint presentation
This is a very comprehensive document with over 400+ slides--covering 58 common management consulting frameworks and methodologies (listed below in alphabetical order). A detailed summary is provided for each business framework. The frameworks in this deck span across Corporate Strategy, [read more]


 
1150-slide PowerPoint presentation
 
 
103-slide PowerPoint presentation

About Dr. Santo D. Marabella

Dr. Santo D. Marabella, The Practical Prof, is a professor of management at Moravian College and president of Marabella Entertainment & Education Enterprises LLC. His book, “The Practical Prof: Simple Lessons for Anyone Who Works!” is a collection of his Business Weekly columns. Contact him at Santo@ThePracticalProf.com.

, ,



Complimentary Business Training Guides


Many companies develop robust strategies, but struggle with operationalizing their strategies into implementable steps. This presentation from flevy introduces 12 powerful business frameworks spanning both Strategy Development and Strategy Execution. [Learn more]

  This 48-page whitepaper, authored by consultancy Envisioning, provides the frameworks, tools, and insights needed to manage serious Change—under the backdrop of the business lifecycle. These lifecycle stages are each marked by distinct attributes, challenges, and behaviors. [Learn more]

We've developed a very comprehensive collection of Strategy & Transformation PowerPoint templates for you to use in your own business presentations, spanning topics from Growth Strategy to Brand Development to Innovation to Customer Experience to Strategic Management. [Learn more]

  We have compiled a collection of 10 Lean Six Sigma templates (Excel) and Operational Excellence guides (PowerPoint) by a multitude of LSS experts. These tools cover topics including 8 Disciplines (8D), 5 Why's, 7 Wastes, Value Stream Mapping (VSM), and DMAIC. [Learn more]
Recent Articles by Corporate Function

  

  

  

  

  

The Flevy Business Blog (https://flevy.com/blog) is a leading source of information on business strategies, business theories, and business stories. Most of our articles are authored by management consultants and industry executives with over 20 years of experience.

Flevy (https://flevy.com) is the marketplace for business best practices, such as management frameworks, presentation templates, and financial models. Our best practice documents are of the same caliber as those produced by top-tier consulting firms (like McKinsey, Bain, Accenture, BCG, and Deloitte) and used by Fortune 100 organizations. Learn more about Flevy here.
  


OUR CORE OFFERINGS
Flevy Marketplace: Top 100
· Strategy & Transformation
· Digital Transformation
· Operational Excellence
· Organization & Change
· Financial Models
· Consulting Frameworks
· PowerPoint Templates
FlevyPro (Subscription Service)
KPI Library
Streams (Functional Bundles)
Flevy Executive Learning (FEL)
PowerPoint Services

FREE Resources

About Flevy
Management Topics
Marcus (AI-Powered Consultant)
Partner Program
LinkedIn Influencer Marketing
FAQ / Terms / Privacy / Blog
Contact Us: support@flevy.com



CONNECT WITH US!
       
TOP 100 TRENDING TOPICS
Acquisition Strategy
Agile
Analytics
Artificial Intelligence
Balanced Scorecard
Best Practices
Big Data
Breakout Strategy
Business Continuity Planning
Business Plan Financial Model
Business Transformation
CMMI
COBIT
Change Management
Cloud
Communications Strategy
Company Financial Model
Competitive Advantage
Competitive Analysis
Consulting Frameworks
Continuous Improvement
Core Competencies
Corporate Culture
Cost Reduction Assessment
Customer Experience

BROWSE BY FUNCTION
Strategy, Transformation, & Innovation
Digital Transformation
Operational Excellence and LSS
Organization, Change, & HR
Management Consulting

Customer Journey
Customer Service
Cyber Security
Data Privacy
Decision Making
Digital Marketing Strategy
Digital Transformation
Digital Transformation Strategy
Due Diligence
ESG
Employee Engagement
Employee Training
Enterprise Architecture
Growth Strategy
HR Strategy
Hiring
Hoshin Kanri
ISO 27001
ITIL
Information Technology
Innovation Management
Integrated Financial Model
Kaizen
Kanban
Key Performance Indicators

ADDITIONAL RESOURCES
Business Strategy Frameworks
Case Studies
Consulting Training Guides
COVID-19 Trend Data
Digital Transformation
Financial Advising Services (FAS)

Knowledge Management
Leadership
Lean
Lean Manufacturing
Logistics
M&A (Mergers & Acquisitions)
Manufacturing
Market Research
Marketing Plan Development
Maturity Model
McKinsey PowerPoint
McKinsey Templates
Operational Excellence
Organizational Change
Organizational Design
Performance Management
Post-merger Integration
Pricing Strategy
Process Improvement
Process Maps
Procurement Strategy
Product Launch Strategy
Product Strategy
Project Management
Quality Management


Free Resources
KPI Library
Lean Management
Lean Six Sigma Training Guides
Marcus Insights
Operational Excellence

Real Estate
Remote Work
Restructuring
Risk Management
Robotic Process Automation
SWOT
SaaS
Sales
Scrum
Service Design
Six Sigma Project
Social Media Strategy
Strategic Planning
Strategic Thinking
Strategy Development
Supply Chain Analysis
Sustainability
Target Operating Model
Team Management
Total Productive Maintenance
Value Chain Analysis
Value Creation
Value Stream Mapping
Visual Workplace
Workplace Safety


Product Strategy
Small Business Owner
Startup Resources
Strategic Planning
Strategic Planning Process
Value Innovation Strategy


© 2012-2024 Copyright. Flevy LLC. All Rights Reserved.