‘Future-Ready Functional Skills’ is Pillar #2 of the 10X Career Foundation Program. Here is my article, which should get you started, on a fast-track career.
Functional skills are what we call as the ‘Hard Expertise’. It is a combination of your knowledge, experience and your ability to apply that knowledge & experience, which makes you an expert.
In the real world, there are two categories of skills-
For example in ‘Inventory Management’, futuristic skills could be related to real-time inventory optimization with logistics and vendor networks, advanced multi-location stock management, RFID based inventory bin tracking, etc..
In-short Present-Ready Skills will help you get a good salary increment. Whereas, future-ready skills will help you get a significant increment, new job opportunities, and faster career growth
Here are the key categories of future-ready skills with
For all non-IT professionals, an extensive knowledge of one or more of the following platforms will always be in demand:
There are hundreds of tool categories and thousands of platforms on which you can train yourself. Apart from generic tools, there are sector-specific systems like banking systems, claims processing systems, mining management systems, Loan management systems and so on. Apart from that, there are highly specialized systems like Engineering Systems, Trading, and investment management systems, and Route Management systems.
Organizations have no option but to automate and automate quickly. There are reasonably good software tools and technical specialists available. Organizations need business people who can implement these systems to help companies become cheaper, faster and better.
Digitization, E-Commerce and Internet-based Economy is integrating every possible operation of a company with its customers, and suppliers Here are the key skill areas, which you can choose from to develop your digitization expertise.
If you are capable to help a company conceive and implement its digital online strategy, you will be chased by great Job opportunities, within and outside of your company.
Gaining expertise will skyrocket the value of any programming, design, and architecture professionals. Here is why?-
Every Industry has a set of leading-edge technologies that will occupy the future of that sector. Few examples are:
There are thousands of new technologies emerging in hundreds of sectors. Not every technology becomes successful. However, there comes a tipping point when a new technology starts growing exponentially and nearly every player is looking for experts in that area. Now all examples which we have shared here are going through explosive growth. So if you are smart, you will sense on which technology is getting hot in your sector, and work on developing your skills on the same.
So this is what you need to do- Research on the product technology in your sector, which is tested and now is in the fast expansion mode. It will take you a couple of years to develop some expertise in tech, so start investing early.
Business Management Skills is a unique category, which is among the oldest set of skills identified by the corporate world. Here are some of the highly sought-after management skills which can be applied across functions and sectors.
You can develop business management skills in many different ways. It includes a full-time management degree, a part-time management degree, short-term execution management programs, online courses, and in-house training programs organized by your company.
What you need to understand is that organizations are struggling to find people with effective management skills (mind you, not only education). A good manager at any level (be it a first-line manager or senior management executive) is always well-rewarded.
Unless you are the CEO of a company, you would mostly be working within a specific department or a function like Sales, Finance, Marketing, Project Management, Production/Operations, Supply Chain Management and Human Resources.
Every function today is going through a tremendous change. New and transformational practices are evolving in every possible department. So while a normal function-specific skill could be ‘Present-Ready’ skill, there are new or ‘advanced’ skills in that function which can provide you a big boost, if you develop expertise. We have discussed an example of inventory management skills at the beginning of this post.
Here are some more examples;
Pick 1 Future Ready Skill Each for Short-Term (3 Months), Medium-Term (12 Months) and Long-term (24 Months). Start investing in them, and also find opportunities within your organization to practice those skills.
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