In today’s fast-paced, ever-changing business landscape, the need for organizations to identify and cultivate the right skills is more critical than ever. However, the ‘right’ skills are not static – they change depending on the company’s current operational needs, future projects, and long-term strategic goals.
This article explores the concept of cataloguing skills over three horizons – the present, the near future, and the distant future.
1. Horizon One – Today’s Skills:
These are the skills your company needs right now to execute existing strategies and meet annual targets. They comprise the core competencies that allow your organization to deliver value to customers today. Identifying and cultivating these skills is crucial for maintaining operational effectiveness and competitive advantage.
2. Horizon Two – Tomorrow’s Skills:
As your organization evolves, so too does its skill requirements. Horizon Two skills are those your company needs to successfully implement ongoing projects and strategic initiatives aimed at transforming the organization for tomorrow. These skills often involve emerging technologies or new business methodologies. Proactively identifying these skills allows your organization to prepare its workforce for future challenges and opportunities.
3. Horizon Three – Disruptive Skills:
These are the skills that have the potential to disrupt the industry and shape the far-off future. They could be related to breakthrough technologies, innovative business models, or unforeseen customer needs. While these skills might not have immediate applications, identifying and exploring them helps the organization stay ahead of the curve, driving long-term innovation and growth.
Recognizing the importance of cataloguing skills over these three horizons is just the first step.
The challenge lies in:
- Accurately identifying these skills,
- Fostering an environment that encourages their development, and
- Ensuring your workforce is prepared to adapt as these skills evolve.
To do this, organizations need robust talent management strategies, comprehensive training programs, and a culture of continuous learning.
Moreover, companies need to regularly review and update their skills catalogue to reflect the dynamic nature of the business landscape. What is considered a Horizon Three skill today might become a Horizon One skill tomorrow. Regular reassessment ensures your organization is always equipped with the skills it needs to thrive, regardless of the horizon.
In conclusion, cataloguing skills over three horizons allows organizations to prepare for the present, plan for the future, and pioneer industry disruption, while providing a clear direction for talent development efforts and ensuring organizations can continue to deliver value and remain competitive, no matter what the future holds.