An Example of an Engineering Company’s Mentoring Business Strategy
The following example comes from an actual company, just one which required we not use it’s name if we used it’s example. Ah. The hard side of the competitive business climate. Never-the-less, we feel it will be of value for our IMA members to see this example.
“Company X Business Vision:
Company X will be the supplier of choice for engineering design technology products and services within the global aerospace industry.”
“Company X Business Strategy:
As we work to become the supplier of choice for engineering design technology products and services within the global aerospace industry the following human factors will impact our ability to achieve our Vision:
- Highly mobile work population including the drain of talent from the region, area, or country
- Looming/current aging population crisis and the loss of our top engineers
- Physical environmental factors impacting business and employment
- Unstable political environments where some of our clients are located
- Immigration, multi-cultural and diversity impact – the accreditation and integration of foreign trained professionals
- Globalization and employment mobility – is our top talent mobile when we need them to be?
“Company X Human Capital Strategy:
To be the employer of choice in the design engineering field we will attract, grow, and retain the best of the best aerospace design engineers in the world. The ongoing development of our top talent is critical to successful delivery of premier quality engineering design technology products and services.
Mentoring assures the transfer of technical knowledge and provides a means of developing leadership talent in the organization so it must be one of the key methods we will use to implement our Human Capital Strategy.”