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Gulf News Article : Developing Human Capital
What will be the business trends and manpower skills that will take precedence as the crescendo builds up in Dubai for Expo 2020. Three main lines have emerged so far: brand building through digital marketing, virtual collaboration and cros...s-cultural competence. There is an increasing consensus about the skills to look out for and cultivate for the future : learning ability, thinking and specialization, writes Dr. Sathya Menon, Academic Director, Blue Ocean Academy, Dubai in the column "Expert Advice", Gulf News dated January 21, 2014.
Gulf News : Evolution in Global Sourcing: Challenges Ahead
Evolution
in Global Sourcing: Challenges Ahead
By Dr. Sathya Menon
Procurement
professionals have come out of obscurity and into mainstream business. As a
function, global sourcing has evolved through a series of challenges, growing
from a minor function within finance or operations, to become one of the most
important components of modern corporate management.
Procurement
competence has taken a more strategic approach because the way we do business
has changed. There has been a natural strategic business evolution from
purchasing to sourcing to strategic procurement to supply management in the
last 10 - 15 years.
The second change in procurement that has entirely changed its character is the
rise of e-Procurement. Whereas before procurement professionals worked over the
telephone, compiling information as they went, they are now able to document
information online, gaining access to far more information that allows them to
make more effective decisions both at the level of cost and at the level of
strategy.
Many
companies have moved beyond the most basic stages of procurement maturity,
often adopting strategic sourcing, category management, Supplier Relation Management
tools to add value to the chain.
There
are four generic strategies for managing global sourcing risk: network
re-engineering, collaboration, agility and a risk management culture. All
procurement professionals need to understand and guard against these risks by
putting together an effective plan in place.
Studies
show that while most procurement managers are aware of the risks their
companies are exposed to, they are unable to implement risk management
strategies, in most cases these strategies are either not implemented at all or
in an ad-hoc basis.
Handy
Hints
- Procurement competence has taken on a strategic approach
- Procurement itself has undergone a business evolution
- Rise of e-procurement has completely revolutionized the face of procurement professionals.
Press Release : Dubai to Emerge as the Hub of Human Capital by 2020:Experts
BLUE OCEAN ORGANIZES WORKSHOP
ON DEVELOPING HUMAN CAPITAL:GLOBAL PERSPECTIVES FOR 2020.
Dubai : Blue Ocean, the region’s leading executive
training and corporate consultancy organization, offering end-to-end training
solutions for individual professionals and corporates held its mega event for
the year 2013 recently – a prestigious workshop on “Developing Human Capital :
Global Perspectives for 2020” –initiated by the Blue Ocean HR Forum to raise
the bar of certified professionals in the Middle East.
The workshop was attended by eminent speakers, corporate
leaders and certified HR professionals who debated on the merits of
transforming HR practices to develop talent in time for Dubai Expo 2020. Experts
agreed that Dubai will emerge as the hub of human capital by 2020, exporting
knowledge and manpower from Dubai to GCC and S. African countries.
Dr. Premchand Kurup, a prolific and erudite
speaker and co-founder of several companies in the Middle East turned the
spotlight on the future of workplace skills identifying three main lines :
brand building through digital marketing, virtual collaboration and
cross-cultural competence as key differentiators. “Learnability, thinking and
specialization will be the skills of the future,” he added.
Dr. Kurup who is not only a corporate leader but
also a speaker at business schools worldwide, said that in 2020, the private
workforce in the UAE will be divided among those who work for large
conglomerates, small and medium enterprises and those who are self employed. In
the coming years there will be a distinctive increase in the no. of people
working for small and medium enterprises.
“Employee perspectives will change and along with
changes in the employment scenario,” Dr. Kurup highlighted. “Obedience, diligence and expertise will be
valued by employers and the onus will be on employees who can take initiative,
are creative and passionate about their work.”
Dr. Farrukh
Kidwai an Operational Excellence expert,
a Six Sigma Champion a veteran leader of the industry and Blue Ocean faculty talked about how worldwide
the best HR practices are those that develop talent, globalisation, growth and
innovation. “Increasingly, the spotlight
is on executing talent and HR strategies for organisational acceleration
Cutting-edge talent development must bring together on-the job learning,
project assignments, talent networks and formal education and training with
individual experiences. It’s time to re-imagine corporate learning: Move
away from traditional notions of training and strive to create behavioural
change and to foster talent.”
“It is also
time to re-think the relationship between learning and work: especially where
and how learning is delivered. Develop and expect more from leaders at all
levels: leadership development is to be aimed at more and younger people.
Embrace the concept of continuous development, just like continuous
improvement. Integrate work, social and community opportunities,” he added.
Other speakers at the conference included Zainab
Saad Shawki and Tamela Scotcher. Zainab Shawki is an is
an experienced human resources professional with 13 years’ local and
international experience in human resources across a multitude of industries,
while Tamela Scotcher is
an internationally-qualified
development and chief project
leader.
Headquartered
in the UAE with a strong presence in the UK, KSA, Qatar, Oman, Sri Lanka and
India, Blue Ocean stands on an enviable reputation built on 16 years of
training, an impressive roster of blue-chip clients, a global network of
certified trainers and international affiliations.
Blue Ocean specializes in designing courses that
bridge the gap between infrastructure and knowledge, imparting futuristic
skills to a new genre of industry leaders, shaping them into dynamic
professionals in an increasingly competitive world.
(ENDS)
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