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Can Your Career Survive Transient Competitive Advantage?

Theodore Kinni of Strategy & Business highlighted a chapter in Rita McGrath’s book dealing with career change:

If our employers begin rejiggering their businesses’ portfolios at a faster pace, our jobs are going to get rejiggered more often too. And if that starts to happen, are you ready? McGrath offers the following 10 yes-or-no scenarios to help you figure that out.

 

1. If my current employer let me go, it would be relatively easy to find a similar role in another organization for equivalent compensation.

 

2. If I lost my job today, I am well prepared and know immediately what I will do next.

 

3. I’ve worked in some meaningful capacity (employment, consulting, volunteering, partnering) with at least five different organizations within the last two years.

 

4. I’ve learned a meaningful new skill that I didn’t have before in the last two years, whether it is work-related or not.

 

5. I’ve attended a course or training program within the last two years, either in person or virtually.

 

6. I could name, off the top of my head, at least 10 people who would be good leads for new opportunities.

 

7. I actively engage with at least two professional or personal networks.

 

8. I have enough resources (savings or other) that I could take the time to retrain, work for a small salary, or volunteer in order to get access to a new opportunity.

 

9. I can make income from a variety of activities, not just my salary.

 

10. I am able to relocate or travel to find new opportunities.

 

Any no answer indicates a potential vulnerability. If you answer no to five or more questions, McGrath warns, “It’s time for immediate action!” Welcome to the era of transient competitive advantage.

 Read the entire post here.

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