What's Ahead - Editor Tony Thomas examines what it takes to be successful in the future.
An individual’s work results and business success depend on his/her knowledge and skills (i.e., competency). The contemporary business world changes very rapidly. Therefore, it is essential not only to be oriented toward present-day requirements for individual competency but also to foresee what competencies will determine success in the future. Surely there is not a single individual who embodies all competencies. Therefore, first of all, success is determined not by abundance of competencies but by having certain crucial competencies. Second, it is important to identify the need to develop certain strategic individual competencies and, finally, to develop strategic individual competencies that eventually will integrate successfully into the business.